Shanghai Unveils Private Economy 15th Five-Year Plan Targeting 2030 Growth
On August 5, 2026, the Shanghai Municipal Development and Reform Commission released the city's 15th Five-Year Plan for private economic development, targeting a new level of total scale by 2030. The plan focuses on five areas: equality and fairness, innovation-driven growth, open empowerment, coordinated development, and legal protection. It calls for strengthening enterprise innovation, supporting private firms in global expansion and offshore trade, and improving the financing environment through expanded credit products, government guarantees, and the Suishen Rong credit platform. The plan also emphasizes legal safeguards for equal market participation and capital market access for qualified private enterprises.
On August 5, 2026, the Shanghai Municipal Development and Reform Commission released the 15th Five-Year Plan for Promoting the Development of the Private Economy in Shanghai. The plan proposes that by 2030, the total scale of Shanghai's private economy will reach a new level, with further optimization of quality and structure. Innovation capabilities will continue to improve, achieving results in developing new quality productive forces. Openness and vitality will be significantly enhanced, further leveraging the important role of the private economy in foreign trade and raising the internationalization level of private enterprises. Social contributions will continue to rise, building a solid foundation for stable employment and people's livelihoods. The institutional environment will continue to improve, cultivating fertile ground for private economic development and enabling enterprises and the city to develop in resonance and mutual advancement.
The plan focuses on five major areas: equality and fairness, innovation-driven growth, open empowerment, coordinated development, and legal protection, comprehensively optimizing the development environment for the private economy. In terms of innovation-driven growth, the plan proposes stimulating enterprises' endogenous innovation momentum, strengthening their position as innovation leaders, building a full-chain, multi-tiered innovation support system, promoting deep integration of industry, academia, research, and application, supporting private enterprises in participating in basic research and key technology breakthroughs, and accelerating industrial transformation, upgrading, and enterprise quality and efficiency improvement. To achieve symbiosis and win-win outcomes for various business entities, the plan proposes promoting coordinated and integrated development of large, medium, and small enterprises, guiding private enterprises to develop in coordination with state-owned enterprises and other business entities, deepening cross-regional cooperation, strengthening the integration of innovation, industrial, capital, and talent chains, and fostering a development ecosystem of complementary advantages, resource sharing, and collaborative win-win outcomes.
In terms of open empowerment, the plan specifies supporting capable private enterprises in implementing global development strategies, guiding private enterprises to expand into new overseas markets and cultivate new trade formats, promoting their deep integration into global industrial and supply chains, and expanding development space through higher-level opening up. Specific measures include: fully aligning with international high-standard economic and trade rules, promoting qualified private enterprises to participate in offshore trade, offshore finance, and global division of labor cooperation; deeply implementing the global trader initiative, supporting private enterprises in improving their ability to coordinate and respond to international markets, enhancing global resource allocation functions, and vigorously cultivating new types of trading entities.
In terms of legal protection, the plan proposes building a sound legal protection system based on transparent and open rules and fair law enforcement and judiciary, ensuring from legal and institutional perspectives that private enterprises can equally use production factors, fairly participate in market competition, and effectively protect their legitimate rights and interests, while guiding enterprises to operate in compliance. In terms of factor support, the plan lists continuously improving the financing environment as a primary goal, proposing to encourage financial institutions to develop and provide financial products and services suited to the characteristics of private enterprises, increase support for first-time loans and loan renewals, and optimize seamless renewal and principal-free renewal services for small and medium-sized private enterprises. It also proposes expanding the scope of loan collateral and pledges, providing private enterprises with pledge loans based on accounts receivable, warehouse receipts, equity, and intellectual property rights. It promotes the expansion and coverage of government financing guarantee business, advances bank-enterprise matching through chamber of commerce batch loans, promotes Shanghai Science Credit Score Loans, and deepens the four-party cooperation mechanism of government, chambers of commerce, banks, and enterprises. It also leverages the role of private equity investment funds and supports qualified high-quality private enterprises in accessing the capital market through listings and mergers and acquisitions.
Relying on the Shanghai financing credit information service platform, the plan accelerates the development of the Suishen Rong application and deepens the lawful collection, sharing, opening, and application of financing credit information. It increases credit loan issuance, optimizes credit risk compensation policies, and improves the credit enhancement system for small and medium-sized enterprises.