Before 1949, Shanghai was the first financial center in the Far East. Its financial markets, including stocks, gold, and foreign exchange, ranked first in Asia. At that time, Shanghai gathered Asia's largest exchanges, central financial regulatory authorities, the headquarters of the four major central banks, the top ten domestic banks such as the Beijing Fourth Bank and the Southern Bank, and countless insurance and trust companies. Headquarters etc. In addition, Shanghai at that time also had the largest number of Far East branches of international financial institutions in Asia. Many of today's financial giants are inextricably linked to old Shanghai. However, by the end of 1952, foreign financial institutions had basically withdrawn from Shanghai and the number of private financial institutions had dropped sharply to more than 60. Since 1949, some Shanghai capitalists have fled to Hong Kong, Taiwan or other places overseas. Some of them stayed in Shanghai and continued to operate, and finally in early 1956 they were all merged into public-private partnerships.

After the pain of labor, Shanghai is now reborn in Nirvana. Shanghai's economic aggregate ranks first in Greater China. In 2009, Shanghai's GDP reached 1.49 trillion yuan, surpassing Hong Kong. Per capita GDP and per capita disposable income ratio rank first among all provinces, autonomous regions and municipalities in the country. Shanghai is the world's second largest stock market center and ranks third among global stock exchanges, second only to the New York Stock Exchange and Nasdaq, both in New York, and surpassing London and Tokyo. Shanghai is the second largest futures market center in the world, second only to Chicago, and has also entered the ranks of the top ten derivatives market centers in the world. Shanghai is also the second largest diamond spot trading center in the world. Shanghai is the world's largest port. In 2010, Shanghai Port completed a cargo throughput of 653 million tons and a container throughput of 29.069 million TEUs, both ranking first in the world.

Shanghai’s financial industry economic aggregate ranks first in the country; the number of private bank headquarters in Shanghai ranks first in the country. ICBC, Bank of Communications, Agricultural Bank of China and the vast majority of foreign banks have chosen Shanghai as their private bank headquarters; Shanghai The number of fund management companies in Shanghai accounts for more than half of the country; the total direct financing in Shanghai's financial market accounts for more than a quarter of the country; the completeness of the financial factor market ranks first in the country; the number of domestic headquarters of Shanghai's foreign banks accounts for about two-thirds of the country, and its assets account for 85% of the country's foreign-funded banks; the domestic headquarters of Shanghai's foreign-funded legal person property and casualty insurance companies account for about five-sevenths of the country; in addition, 60% of China's Sino-foreign joint venture insurance companies and joint venture fund management companies are headquartered in Shanghai. Shanghai also ranks first in the country in terms of the number of returnee talents it absorbs. At least a quarter of the country's returnee talents choose to work and start businesses in Shanghai every year. China Europe International Business School (CEIBS), Asia's number one business school, is also located in Shanghai. Shanghai accounts for about one-tenth of the country's foreign investment, and the number of recognized regional headquarters of multinational companies also ranks first in the country. A large number of Fortune 500 companies, especially multinational giants in the high-end field of the tertiary industry, have chosen to locate their Asia-Pacific or Chinese headquarters in Shanghai, such as Citigroup, HSBC, Morgan Stanley, Bank of America, Blackstone Group, Louis Vuitton, and Deloitte , Intel, GE, McKinsey, RBS, BNP Paribas, AIG, PricewaterhouseCoopers, Standard Chartered Bank, Ernst & Young, Chanel, Allianz, Disney, etc.

Shanghai’s service industry is highly developed. Shanghai is my country’s largest overseas tourist destination and the largest luxury cruise home port and destination. Shanghai’s luxury cruise tourism business accounts for more than 70% of the country’s total. The four major domestic hotel groups, including Jinjiang, Home Inns, and Hanting Hotels, are all from Shanghai. The top ten luxury hotel groups in the world, including InterContinental, AccorHotels, Excelle, Hilton, etc., all have their headquarters in China located in Shanghai. Shanghai is currently the commercial capital of China. my country's largest business group, Bailian Group, comes from Shanghai. Almost all luxury goods companies, including the world's three largest luxury goods groups LVMH, Li Feng and PPR, have chosen to locate their headquarters in China. Shanghai. Domestic spending by overseas tourists in Shanghai is about three-quarters of that in Singapore, far exceeding that of any domestic city. Shanghai’s shop rents also rank first in the country, with the shop rents on Nanjing West Road ranking 37th in the world. In addition, No other city in mainland China ranks among the top 50 in the world in terms of retail rent. As the world's fifth largest fashion capital and the world's three largest commercial capital, Shanghai's business environment, atmosphere and heritage are unrivaled in China.

Shanghai has developed industries, with its total industrial output value accounting for one-tenth of China's, mainly in the fields of steel, automobiles, biomedicine, aerospace, high-end shipbuilding, precision instruments, electrical engineering, equipment manufacturing, petrochemicals, and electronics. Mainly industry. Zhangjiang Hi-Tech brings together a large number of high-end manufacturing and high-tech industries.

Due to rising land and labor costs, as well as the economic policy guidance of the municipal government and other reasons, Shanghai's overall industrial structure has made significant progress, and its core competitiveness has been formed and gradually consolidated. In 2009, Shanghai's fiscal revenue reached 254.03 billion yuan, a year-on-year increase of 7.7%; the added value of the tertiary industry accounted for 59.4% of GDP; the added value of the non-public economy accounted for 47% of GDP. In the "Global City Competitiveness Report 2009-2010" released by the Academy of Social Sciences in 2010, Shanghai ranked second only to Hong Kong and before Taipei in China, and the three cities simultaneously entered the top 50 in the world.