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Pudong New Area achieves offshore trade breakthrough

english.pudong.gov.cn Updated:2026-02-04

Shanghai's Pudong New Area achieved a major breakthrough in 2025, as its offshore trade volume surpassed $100 billion for the first time, reaching $103.47 billion and accounting for 95.14 percent of the city's total.

Starting at $42.48 billion in 2020, Pudong's offshore trade has grown by an average of 20 percent annually during the 14th Five-Year Plan period (2021-25).

As the core of Shanghai's international trade hub, Pudong is leveraging offshore trade to attract multinational corporations' high-value headquarters functions, including capital management and settlement operations.

Looking ahead to 2026, Pudong will further advance offshore financial innovation by promoting renminbi internationalization and cross-border hedging. Efforts will also focus on expanding offshore trade through transshipment and cross-border distribution for global procurement, while pioneering new models for offshore data services and offshore research and development.

To support the integrated management of offshore trade, the area has established an information-sharing and joint monitoring mechanism led by the Shanghai Municipal Commission of Commerce and involving departments responsible for foreign exchange administration, taxation and finance.

In addition, the Free Offshore Trade platform of the China (Shanghai) Free Trade Zone has been connected to the State Administration of Foreign Exchange's cross-border financial services platform, integrating global data on ports, shipping, and related sectors.

To date, more than 775 enterprises and 478 Chinese and foreign-funded banks have participated in the platform, with settlement transactions totaling approximately $50.8 billion.