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Policy pilots scale nationwide
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Pudong has basically completed the 121 tasks outlined in the central government’s “pilot area” guidelines.
China has scaled up several of these initiatives nationwide: In December 2024, the National Development and Reform Commission approved the expansion of 11 Pudong practices, and in July 2025, the State Council cleared 77 measures from the China (Shanghai) Pilot Free Trade Zone for rollout to other FTZs.
These measures cover services, goods and digital trade, intellectual property, government procurement and risk control. Forty-three initiatives, including cross-border e-payments, commercial encryption testing recognition, and new data-security certification rules, will apply nationwide.
Pudong has deepened capital market reforms. The STAR Market has introduced a market-maker system and a new “growth tier” for tech companies. In the past five years, 52 firms have listed on the STAR Market, valued at1.9 trillion yuan, or 18 percent of the national total.
The new area is also building out the data economy. By February 2025, trading on the Shanghai Data Exchange reached about 580 million yuan, with over 5,000 products listed. The exchange issued the world’s first rulebook for a dedicated data marketplace, launched specialized trading sections, and created an international board.
Talent recruitment reforms include e-visa services, fast-track confirmation letters for high-level foreign professionals, and updated lists recognizing overseas qualifications. Financial pilots, such as China’s first cross-border digital-renminbi settlement for crude oil, continue to expand. Trade facilitation has improved through the China (Shanghai) International Trade Single Window.
Since 2019, Pudong has issued over 90,000 China Compulsory Certification exemption certificates, roughly one-third of the national total.
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