Shanghai launched its first 5G industrial park on Thursday to boost the development of the superfast technology and intelligent manufacturing.
Shanghai beat other cities and scored 65.17 out of 100, or 3.91 out of 6 in global talent competitiveness index, due to the openness of the city, work environment, job opportunities and preferential policies, according to the report.
Shareholders' acceptance paves way for completion of China's biggest global takeover
Shanghai should deepen the construction of the China (Shanghai) Pilot Free Trade Zone to lure more foreign investment and exert more influence over the innovations achieved in the zone.
Shares of precious metals companies listed on the Shanghai and Shenzhen bourses were the main gainers, according to Shanghai-based market tracker Wind Info. The companies logged an intraday increase of 7.61 percent on Monday, while State-owned oil companies rose by 4.17 percent.
Shanghai's overall business environment scored 83.6 points out of 100, with the majority of companies lauding the city's government efficiency and taxation matters, according to the Survey Office of the National Bureau of Statistics in Shanghai.
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Shanghai has in recent decades earned itself a reputation for masterfully restoring old compounds and turning them into popular attractions.
Several major wrongful convictions involving private entrepreneurs were overturned. In one such case, Zhang Wenzhong, former chairman of Wumei Holdings Group, parent of major retail chain Wumart Stores, was cleared of bribery and fraud on May 31 after his conviction was overturned.
Several risky incidents over the past year have shocked the market, including the fallout of a debt default scandal by telecommunication firm Cosun Group that involved Zheshang Property and Casualty Insurance Co. The insurer, which offered insurance guarantee for the bond sale, was banned by the CIRC from carrying out new insurance guarantee business for one year.
Several Republican heavyweights have urged Trump to reconsider the US military sales to Saudi Arabia over the case.