Shanghai municipal government released on August 24, 2021 the Development Plan of Shanghai International Financial Center in the 14th Five-year Plan Period, which contains 44 policy measures.
The plan proposed to enhance business climate for financial services and create a sound financial ecosystem. Financial lease firms and commercial factoring companies are encouraged to be connected to the central bank's credit reference system; the city will support Dishui Lake to build a financial bay, Lingang New Area to play a helpful role for integrating onshore and offshore financial services, and Hongqiao to optimize trade financing services. The plan also proposed to reinforce financial support to key sectors like electronic information, life science, automobile, high-end equipment, and new materials.