Its regional economic development shows strong resilience, and the “3+2” industrial advantages continue to expand. There are 12 new licensed financial institutions above the provincial level and 632 private equity institutions in Shangcheng District. The total asset management scale reached 1.2 trillion yuan, and the added value of the financial industry accounted for more than 1/4 of GDP. The turnover of “three major commercial areas” reached 28.79 billion yuan, with an increase of 5.8%, and 87 brands open first stores and flagship stores in the district. The Hubin Commercial Area was selected into the first batch of national smart commercial districts that 6 state-level enterprises specializing in special new “little giant” were introduced, and Xizi Clean Energy and 2 other enterprises were selected as “future factories” at municipal level. A number of key projects in the professional service industry and the big health industry were introduced, including AMCHAM Shanghai and Runwu Deyin (Hangzhou) Health and Technology Co., Ltd. Headquarters economy and building economy demonstrate concentrated development. There are 62 buildings with a tax revenue of 100 million yuan and 11 buildings with a tax revenue of one billion yuan. As a result, Shangcheng District has been rated as a benchmark urban area for China’s building economy (headquarters economy). 

Its “attracting investment and talent” has achieved remarkable results. A large number of high-quality projects have been successfully introduced, including the headquarter of GSK Plc, Johnson & Johnson, and other brands in Top 500 in Zhejiang and the headquarter of Three Gorges Group Zhejiang Energy Investment Co., Ltd., 191 industrial projects with a value of more than 100 million yuan and 11 industrial projects with a value of more than 1 billion yuan were implemented, and the foreign capital in actual use reached 900 million US dollars. 39 leading talents above the municipal level and 1,700 high-level talents at the municipal level were introduced into Shangcheng District.

Its vitality of innovation was released at an accelerated pace. The First “Sprint Forward in Golden Boots” Innovation and Entrepreneurship Competition was successfully held. There were 148 new national high-tech enterprises, 455 technology-based small and medium-sized enterprises at the provincial level, and 1,017 valid invention patents were granted. The added value of the core industries of the digital economy is estimated to increase by 45%. Shangcheng Info-Intelligence & High-tech Industrial Park (Qiantang Smart City) was included in the list of high-tech zones at the provincial level.