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85-612: The Shanghai Municipal People's Government is the local administrative agency of Shanghai . It is officially elected by the Shanghai Municipal People's Congress and is formally responsible to the SMPC and its Standing Committee. The municipal government is headed by a mayor , currently Gong Zheng . Under the country's Leninist system, the mayor is subordinate to the secretary of the Shanghai Municipal Committee of

170-713: A center for radical leftism during the 1950s and 1960s. The radical leftist Jiang Qing and her three allies, together the Gang of Four , were based in the city. During the Cultural Revolution (1966–1976), Shanghai's society was severely damaged. The majority of the workers in the Shanghai branch of the People's Bank of China were Red Guards and they formed a group called the Anti-Economy Liaison Headquarters within

255-438: A comparatively heavy contributor of tax revenue to the central government; in 1983, the city's contribution in tax revenue was greater than the investment received in the past 33 years combined. Its importance to the fiscal well-being of the central government also denied it from economic liberalizations begun in 1978. In 1990, Deng Xiaoping permitted Shanghai to initiate economic reforms, which reintroduced foreign capital to

340-851: A cramped ghetto in the Hongkou District and after the Japanese attack on Pearl Harbor , even the Iraqi Jews who had been living in Shanghai from before the outbreak of WWII were interned. Among the refugees in the Shanghai Ghetto was the Mirrer Yeshiva , including its students and faculty. On 3 September 1945, the Chinese Army liberated the Ghetto and most of the Jews left over the next few years. On 27 May 1949,

425-522: A few weeks later on 19 December. The Shanghai Stock Exchange was under municipal control and termed an "experimental point" until 1997. In 1997, the central government brought the exchange (as well as the Shenzhen stock exchange) under central government control and affirmed that the exchanges had a legitimate role in the socialist market economy. In 2019, the Shanghai Stock Exchange launched

510-560: A fish tool called the hù , which lent its name to the outlet of Suzhou Creek north of the Old City and became a common nickname and abbreviation for the city. During the Tang and Song dynasties, Qinglong Town ( 青龙镇 ) in modern Qingpu District was a major trading port. Established in 746 (the fifth year of the Tang Tianbao era ), it developed into what was historically called a "giant town of

595-461: A powerful faction in the central government known as the Shanghai Clique , which has often been viewed as competing against the rival Youth League Faction over personnel appointments and policy decisions. However, Xi Jinping, successor to Hu Jintao as General Secretary and President , was largely an independent leader and took anti-corruption campaigns on both factions. Shanghai is one of

680-496: Is a cultural blend of elements found in Western architecture with traditional Jiangnan Chinese architecture and social behavior. Like almost all traditional Chinese dwellings, it has a courtyard , which reduces outside noise. Vegetation can be grown in the courtyard, and it can also allow for sunlight and ventilation in the rooms. Some of Shanghai's buildings feature Soviet neoclassical architecture or Stalinist architecture , though

765-520: Is closed on Saturday and Sunday and other holidays announced by the SSE. The SSE Composite Index (also known as Shanghai Composite) Index is the most commonly used indicator to reflect SSE's market performance. Constituents for the SSE Composite Index are all listed stocks (A shares and B shares) at the Shanghai Stock Exchange. The Base Day for the SSE Composite Index is December 19, 1990. The Base Period

850-794: Is known for its rich water resources as part of the Lake Tai drainage basin . Downtown Shanghai is bisected by the Huangpu River, a man-made tributary of the Yangtze created by order of Lord Chunshen during the Warring States period. The historic center of the city was located on the west bank of the Huangpu ( Puxi ), near the mouth of Suzhou Creek, connecting it with Lake Tai and the Grand Canal . The central financial district, Lujiazui, has been established on

935-927: Is located nearby at the northern tip of Lujiazui. Skyscrapers outside of Lujiazui include the White Magnolia Plaza in Hongkou, the Shimao International Plaza in Huangpu, and the Shanghai Wheelock Square in Jing'an . Like all governing institutions in mainland China , Shanghai has a parallel party-government system, in which the CCP Committee Secretary , officially termed the Chinese Communist Party Shanghai Municipal Committee Secretary, outranks

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1020-580: Is located on an alluvial plain . As such, the vast majority of its 6,340.5 km (2,448.1 sq mi) land area is flat, with an average elevation of 4 m (13 ft). Tidal flat ecosystems exist around the estuary, however, they have long been reclaimed for agricultural purposes. The city's few hills, such as She Shan , lie to the southwest, and its highest point is the peak of Dajinshan Island (103 m or 338 ft) in Hangzhou Bay. Shanghai has many rivers, canals, streams, and lakes, and it

1105-407: Is one of the world's major centers for finance, business and economics , research, science and technology, manufacturing, transportation, tourism , and culture . The Port of Shanghai is the world's busiest container port . Originally a fishing village and market town, Shanghai grew in importance in the 19th century due to both domestic and foreign trade and its favorable port location. The city

1190-439: Is open for trading every Monday to Friday from 09:15 to 15:00. The morning session begins with centralized competitive pricing from 09:15 to 09:25, and continues with consecutive bidding from 09:30 to 11:30. This is followed by the afternoon consecutive bidding session, which starts from 13:00 to 14:57. The centralized competitive pricing starts again from 14:57 to 15:00 and continues with block trading from 15:00 to 15:30. The market

1275-593: Is the largest metro network in the world by route length. Shanghai has been described as the "showpiece" of the economy of China . Featuring several architectural styles such as Art Deco and shikumen , the city is renowned for its Lujiazui skyline, museums and historic buildings including the City God Temple , Yu Garden , the China Pavilion and buildings along the Bund . The Oriental Pearl Tower can be seen from

1360-451: Is the shikumen ( 石库门 , "stone storage door") residence, typically two- or three-story gray brick houses with the front yard protected by a heavy wooden door in a stylistic stone arch. Each residence is connected and arranged in straight alleys, known as longtang ( 弄堂 ). The house is similar to western-style terrace houses or townhouses , but distinguished by the tall, heavy brick wall and archway in front of each house. The shikumen

1445-456: Is the modern-day Shanghai Exhibition Center . Shanghai—Lujiazui in particular—has numerous skyscrapers , making it the fifth city in the world with the most skyscrapers . Among the most prominent examples are the 421 m (1,381 ft) high Jin Mao Tower , the 492 m (1,614 ft) high Shanghai World Financial Center , and the 632 m (2,073 ft) high Shanghai Tower , which

1530-508: Is the tallest building in China and the third tallest in the world . Completed in 2015, the tower takes the form of nine twisted sections stacked atop each other, totaling 128 floors. It is featured in its double-skin facade design, which eliminates the need for either layer to be opaqued for reflectivity as the double-layer structure has already reduced the heat absorption. The futuristic-looking Oriental Pearl Tower, at 468 m (1,535 ft),

1615-601: Is the total market capitalization of all stocks of that day. The Base Value is 100. The index was launched on July 15, 1991. At the end of 2006, the index reaches 2,675.47. Other important indexes used in the Shanghai Stock Exchanges include the SSE 50 Index and SSE 180 Index . Source: Shanghai Stock Exchange (market values in RMB/Chinese Yuan). Data arranged by market value. Updated on Aug 27 2020. According to

1700-502: Is widely known among the youth. The name was first mentioned in Japanese novelist Shōfu Muramatsu 's 1924 novel Mato , which portrayed Shanghai as a dichotomous city where both light and darkness existed. The city has various nicknames in English, including the " New York of China", in reference to its status as a cosmopolitan megalopolis and financial hub , the "Pearl of the Orient", and

1785-569: The Broadway Mansions ; and Austrian architect C.H. Gonda , who designed the Capitol Theatre . The Bund has been revitalized several times. The first was in 1986, with a new promenade by the Dutch architect Paulus Snoeren. The second was before the 2010 Expo , which includes restoration of the century-old Waibaidu Bridge and reconfiguration of traffic flow. One distinctive cultural element

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1870-649: The Chinese Communist Party . The organization of the Shanghai Municipal People's Government includes: 15th Municipal People's Government (January 2018–January 2023) 16th Municipal People's Government (January 2023–) Shanghai Shanghai is a direct-administered municipality and the most populous urban area in China . The city is located on the Chinese shoreline on the southern estuary of

1955-466: The Communist revolution took place. After the Cultural Revolution ended and Deng Xiaoping rose to power, China was re-opened to the outside world in 1978. During the 1980s, China's securities market evolved in tandem with the country's economic reform and opening up and the development of socialist market economy . On 26 November 1990, the Shanghai Stock Exchange was re-established and operations began

2040-728: The Kingdom of Yue , which in turn was conquered by the Kingdom of Chu. During the Warring States period (475 BC), Shanghai was part of the fief of Lord Chunshen of Chu, one of the Four Lords of the Warring States . He ordered the excavation of the Huangpu River . Its former or poetic name, the Chunshen River, gave Shanghai its nickname of "Shēn." Fishermen living in the Shanghai area then created

2125-600: The Kuomintang (KMT) and the Chinese Communist Party (CCP), with the latter eventually taking over the city and most of the mainland. From the 1950s to the 1970s, trade was mostly limited to other socialist countries in the Eastern Bloc , causing the city's global influence to decline during the Cold War . Major changes of fortune for the city would occur when economic reforms initiated by paramount leader Deng Xiaoping during

2210-570: The May Thirtieth Movement broke out when a worker in a Japanese-owned cotton mill was shot and killed by a Japanese foreman. Workers in the city then launched general strikes against imperialism , which became nationwide protests that gave rise to Chinese nationalism . The golden age of Shanghai began with its elevation to municipality after it was separated from Jiangsu on 7 July 1927. This new Chinese municipality covered an area of 494.69 km (191.0 sq mi), including

2295-702: The Mayor . The CCP committee acts as the top policy-formulation body, and is typically composed of 12 members (including the secretary), and has control over the Shanghai Municipal People's Government . Political power in Shanghai has frequently been a stepping stone to higher positions in the central government. Since Jiang Zemin became the General Secretary of the Chinese Communist Party in June 1989, all former Shanghai party secretaries but one were elevated to

2380-537: The Ming dynasty . A city wall was built for the first time in 1554 to protect the town from raids by Japanese pirates . It measured 10 m (33 ft) high and 5 km (3 mi) in circumference. A City God Temple was built in 1602 during the Wanli reign. This honor was usually reserved for prefectural capitals and not normally given to a mere county seat such as Shanghai. Scholars have theorized that this likely reflected

2465-507: The People's Liberation Army took control of Shanghai through the Shanghai Campaign . Under the new People's Republic of China (PRC), Shanghai was one of only three municipalities not merged into neighboring provinces (the others being Beijing and Tianjin ). Most foreign firms moved their offices from Shanghai to Hong Kong , as part of a foreign divestment due to the PRC's victory. After

2550-522: The Politburo Standing Committee , the de facto highest decision-making body in China, including Jiang himself (Party General Secretary), Zhu Rongji (Premier), Wu Bangguo (NPC Chairman), Huang Ju (Vice Premier), Xi Jinping (current General Secretary), Yu Zhengsheng (CPPCC Chairman), Han Zheng (Vice Premier and Vice President), and Li Qiang (Premier). Zeng Qinghong , a former deputy party secretary of Shanghai, also rose to

2635-758: The Shanghai Museum , the Shanghai Grand Theatre , the Oriental Art Center , and the Oriental Pearl Tower . Despite rampant redevelopment, the Old City still retains some traditional architecture and designs, such as the Yu Garden , an elaborate Jiangnan style garden. As a result of its construction boom during the 1920s and 1930s, Shanghai has among the most Art Deco buildings in the world. One of

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2720-782: The Small Swords Society in 1853, but control of the city was regained by the Qing government in February 1855. In 1854, the Shanghai Municipal Council was created to manage the foreign settlements. Between 1860 and 1862, the Taiping rebels twice attacked Shanghai and destroyed the city's eastern and southern suburbs, but failed to take the city. In 1863, the British settlement to the south of Suzhou Creek (northern Huangpu District ) and

2805-541: The Tang dynasty , the area of modern-day Shanghai was under sea level, so the land appeared to be literally "on the sea." Shanghai is officially abbreviated 沪 ( Hù / wu ) in Chinese , a contraction of 沪渎 ( Hù Dú / wu-doq , " Harpoon Ditch"), a 4th- or 5th-century Jin name for the mouth of Suzhou Creek when it was the main conduit into the ocean. This character appears on all motor vehicle license plates issued in

2890-658: The Third Front campaign to develop basic industry and heavy industry in China's hinterlands in case of invasion by the Soviet Union or the United States, 354,900 Shanghainese were sent to work on Third Front projects. The centrepiece of Shanghai's Small Third Front project was the "rear base" in Anhui rear base which served as "a multi-function manufacturing base for anti-aircraft and anti-tank weaponry. Since 1949, Shanghai has been

2975-557: The Yangtze River , with the Huangpu River flowing through it. The population of the city proper is the third largest in the world , with around 24.87 million inhabitants in 2023, while the urban area is the most populous in China , with 29.87 million residents. As of 2022, the Greater Shanghai metropolitan area was estimated to produce a gross metropolitan product ( nominal ) of nearly 13 trillion RMB ($ 1.9 trillion). Shanghai

3060-642: The handover of the Millennium on 20 December 1999. The Shanghai International Settlement and the French Concession were subsequently established. The city then flourished, becoming a primary commercial and financial hub of Asia in the 1930s. During the Second Sino-Japanese War , the city was the site of the major Battle of Shanghai . After the war, the Chinese Civil War soon resumed between

3145-402: The "Paris of the East." This is similar to Ho Chi Minh City (also known as Saigon), in Vietnam, which has also been nicknamed as "Paris of the Orient," due to Vietnam's historical French status. The western part of modern-day Shanghai was inhabited 6,000 years ago. During the Spring and Autumn period (approximately 771 to 476 BC), it belonged to the Kingdom of Wu , which was conquered by

3230-410: The "Shanghai Stock Exchange". The supply of securities came primarily from local companies. In the early days, banks dominated private shares but, by 1880, only the Hong Kong and Shanghai local banks remained. Later in 1920 and 1921, "Shanghai Securities & Commodities Exchange" and "Shanghai Chinese Merchant Exchange" started operation respectively. An amalgamation eventually took place in 1929, and

3315-457: The 11th-century Song dynasty , when there was already a river confluence and a town with this name in the area. Others contend that the city is referenced in historical records dating back 2150 years, and that its ancient name, "Hu", suggests it was previously a fishing village. In 1280 it was renamed "Shanghai", which translates to "Above the Sea". How the name should be understood has been disputed, but Chinese historians have concluded that during

3400-433: The 1920s and 1930s, almost 20,000 White Russians fled the newly established Soviet Union to reside in Shanghai. These Shanghai Russians constituted the second-largest foreign community. By 1932, Shanghai had become the world's fifth-largest city and home to 70,000 foreigners. In the 1930s, some 30,000 Jewish refugees from Europe arrived in the city. On 28 January 1932 , Japanese military forces invaded Shanghai while

3485-414: The 1980s resulted in an intense redevelopment and revitalization of the city by the 1990s, especially the Pudong New Area, aiding the return of finance and foreign investment. The city has since re-emerged as a hub for international trade and finance. It is the home of the Shanghai Stock Exchange , the largest stock exchanges in the Asia-Pacific by market capitalization and the Shanghai Free-Trade Zone ,

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3570-417: The American settlement to the north (southern Hongkou District ) joined in order to form the Shanghai International Settlement . The French opted out of the Shanghai Municipal Council and maintained its own concession at the city's south and southwest. The First Sino-Japanese War concluded with the 1895 Treaty of Shimonoseki , which elevated Japan to become another foreign power in Shanghai. Japan built

3655-441: The Bogue , the Treaty of Wanghia , and the Treaty of Whampoa (signed in 1843, 1844, and 1844, respectively) forced Chinese concession to European and American desires for visitation and trade on Chinese soil. Britain, France, and the United States all established a presence outside the walled city of Shanghai, which remained under the direct administration of the Chinese. The Chinese-held Old City of Shanghai fell to rebels from

3740-417: The Bund. Shanghai is also known for its cuisine , local language , and cosmopolitan culture, ranks sixth in the list of cities with the most skyscrapers , and it is one of the biggest economic hubs in the world. The two Chinese characters in the city's name are 上 ( shàng / zaon , "upon") and 海 ( hǎi / hé , "sea"), together meaning "On the Sea." The earliest occurrence of this name dates from

3825-481: The Chinese and foreign governments were crucial to the development of foreign trade in China and of the foreign community in Shanghai. The market for securities trading in Shanghai begins in the late 1860s. The first shares list appeared in June 1866 and by then Shanghai's International Settlement had developed the conditions conducive to the emergence of a share market: several banks, a legal framework for joint-stock companies , and an interest in diversification among

3910-401: The Chinese resisted. More than 10,000 shops and hundreds of factories and public buildings were destroyed, leaving Zhabei district ruined. About 18,000 civilians were either killed, injured, or declared missing. A ceasefire was brokered on 5 May. In 1937, the Battle of Shanghai resulted in the occupation of the Chinese-administered parts of Shanghai outside of the International Settlement and

3995-530: The French Concession. People who stayed in the occupied city suffered on a daily basis, experiencing hunger, oppression, or death. The foreign concessions were ultimately occupied by the Japanese on 8 December 1941 and remained occupied until Japan's surrender in 1945; multiple war crimes were committed during that time. A side-effect of the Japanese invasion of Shanghai was the Shanghai Ghetto . Japanese consul to Kaunas , Lithuania , Chiune Sugihara issued thousands of visas to Jewish refugees who were escaping

4080-444: The Japanese invasion. In the 1920s, shidaiqu became a new form of entertainment and was popularised in Shanghai. The city flourished, becoming a primary commercial and financial hub of the Asia-Pacific region in the 1930s. During the ensuing decades, citizens of many countries and all continents came to Shanghai to live and work; those who stayed for long periods⁠⁠—some for generations⁠—called themselves " Shanghailanders ." In

4165-434: The Nazi's Final Solution to the Jewish Question . They traveled from Keidan , Lithuania across Russia by railroad to the Vladivostok from where they traveled by ship to Kobe, Japan . Their stay in Kobe was short as the Japanese government transferred them to Shanghai by November 1941. Other Jewish refugees found haven in Shanghai, not through Sugihara, but came on ships from Italy. The refugees from Europe were interned into

4250-409: The Politburo Standing Committee and became the Vice President and an influential power broker. Li Xi , another former deputy party secretary of Shanghai, has become the Politburo Standing Committee and Secretary of CCDI member in 2022. The only exception is Chen Liangyu , who was fired in 2006 and later convicted of corruption . Officials with ties to the Shanghai administration collectively form

4335-416: The Qualified Foreign Institutional Investor (QFII) program which was officially launched in 2003. Currently, a total of 98 foreign institutional investors have been approved to buy and sell A shares under the QFII program. Quotas under the QFII program were US$ 30 billion and increased to US$ 80 billion as of April, 2012. There has been a plan to eventually merge the two types of shares in the future. The SSE

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4420-450: The River Pu"), the newer part of urban and suburban Shanghai on the east bank of the Huangpu River, is governed by Pudong New Area ( 浦东新区 ). Seven of the districts govern suburbs, satellite towns, and rural areas farther away from the urban core: Baoshan, Minhang , Jiading, Jinshan, Songjiang, Qingpu, and Fengxian. Shanghai Stock Exchange In 1891, Shanghai founded China's first exchange system. The current stock exchange

4505-409: The STAR Market, featuring only technology-related companies, as a rival to the NASDAQ . The securities listed at the SSE include the three main categories of stocks , bonds , and funds . Bonds traded on SSE include treasury bonds (T-bond), corporate bonds , and convertible corporate bonds. SSE T-bond market is the most active of its kind in China. There are two types of stocks being issued in

4590-451: The Shanghai Stock Exchange: "A" shares and "B" shares. A shares are priced in the local renminbi yuan currency, while B shares are quoted in U.S. dollars . Initially, trading in A shares is restricted to domestic investors only while B shares are available to both domestic (since 2001) and foreign investors. However, after reforms were implemented in December 2002, foreign investors are now allowed (with limitations) to trade in A shares under

4675-400: The Southeast," with thirteen temples and seven pagodas. Mi Fu , a scholar and artist of the Song dynasty, served as its mayor. The port experienced thriving trade with provinces along the Yangtze and the Chinese coast, as well as with foreign countries such as Japan and Silla . By the end of the Song dynasty , the center of trading had moved downstream of the Wusong River to Shanghai. It

4760-420: The bank of the Huangpu River, is home to a row of early 20th-century architecture, ranging in style from the neoclassical HSBC Building to the Art Deco Sassoon House (now part of the Peace Hotel ). Many areas in the former foreign concessions are also well-preserved, the most notable being the French Concession. Shanghai is also home to many architecturally distinctive and even eccentric buildings, including

4845-724: The beginning of autumn, the city is susceptible to typhoons . The most pleasant seasons are generally spring, although changeable and often rainy, and autumn, which is usually sunny and dry. With monthly percent possible sunshine ranging from 28% in June to 46% in August, the city receives 1,754 hours of bright sunshine annually. (All the mean values mentioned in this paragraph are data observed in Baoshan District） According to China's seasonal division standard, from 2001 to 2024, Shanghai enters spring on 9 March, summer on 16 May, autumn on 5 October, and winter on 4 December. Extremes since 1951 have ranged from −10.1 °C (14 °F) on 31 January 1977 (unofficial record of −12.1 °C (10 °F)

4930-410: The branch. The Anti-Economy Liaison Headquarters dismantled economic organizations in Shanghai, investigated bank withdrawals, and disrupted regular bank service in the city. The Shanghai People's Commune was established in the city during the January Storm of 1967. Despite the disruptions of the Cultural Revolution, Shanghai maintained economic production with a positive annual growth rate. During

5015-467: The city and developed the Pudong district, resulting in the birth of Lujiazui . That year, the China's central government designated Shanghai as the "Dragon Head" of economic reform . As of 2020, Shanghai is classified as an Alpha+ city by the Globalization and World Cities Research Network , making it one of the world's Top 10 major cities. In early 2022, Shanghai experienced a large outbreak of COVID-19 cases. After localized lockdowns failed to stem

5100-405: The city has fewer such structures than Beijing. These buildings were mostly erected between the founding of the People's Republic in 1949 and the Sino-Soviet Split in the late 1960s. During this time period, large numbers of Soviet experts, including architects, poured into China to aid the country in the construction of a communist state. An example of Soviet neoclassical architecture in Shanghai

5185-423: The combined markets operated thereafter as the "Shanghai Stock Exchange". Shipping, insurance, and docks persisted to 1940 but were overshadowed by industrial shares after the Treaty of Shimonoseki of 1895, which permitted Japan , and by extension other nations which had treaties with China, to establish factories in Shanghai and other treaty ports. Rubber plantations became the staple of stock trading beginning in

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5270-419: The customs office for Jiangsu province ( 江 海 关 ; see Customs House, Shanghai ) from the prefectural capital of Songjiang to Shanghai, and gave Shanghai exclusive control over customs collections for Jiangsu's foreign trade. As a result of these two critical decisions, Shanghai became the major trade port for all of the lower Yangtze region by 1735, despite still being at the lowest administrative level in

5355-404: The districts govern Puxi ( lit.  "The West Bank," or "West of the River Pu"), the older part of urban Shanghai on the west bank of the Huangpu River. These seven districts are collectively referred to as Shanghai Proper ( 上海市区 ) or the core city ( 市中心 ), which comprise Huangpu, Xuhui, Changning , Jing'an, Putuo, Hongkou, and Yangpu. Pudong ( lit.  "The East Bank," or "East of

5440-912: The east bank of the Huangpu (Pudong). Along Shanghai's eastern shore, the destruction of local wetlands due to the construction of Pudong International Airport has been partially offset by the protection and expansion of a nearby shoal, Jiuduansha , as a nature preserve. Shanghai has a humid subtropical climate ( Köppen : Cfa ), with an average annual temperature of 17.5 °C (63.5 °F) for downtown areas and 16.2–17.2 °C (61.2–63.0 °F) for suburbs. The city experiences four distinct seasons. Winters are temperate to cold and damp—northwesterly winds from Siberia can cause nighttime temperatures to drop below freezing. Each year, there are an average of 4.7 days with snowfall and 1.6 days with snow cover. Summers are hot and humid, and occasional downpours or thunderstorms can be expected. On average, 14.5 days exceed 35 °C (95 °F) annually. In summer and

5525-413: The established trading houses (although the trading houses themselves remained partnerships). In the 1880s and 1890s, during the boom in mining shares, foreign businessmen founded the "Shanghai Sharebrokers' Association" headquartered in Shanghai as China's first stock exchange. In 1904, the Association applied for registration in Hong Kong under the provision of the Companies ordinance and was renamed as

5610-536: The first free-trade zone in mainland China. Shanghai has been classified as an Alpha+ ( global first-tier ) city by the Globalization and World Cities Research Network . As of 2024, it is home to 13 companies of the Fortune Global 500 and is ranked 4th on the Global Financial Centres Index . The city is also a global major center for research and development and home to numerous Double First-Class Universities , including Fudan University and Shanghai Jiaotong University . The Shanghai Metro , first opened in 1993,

5695-420: The first factories in Shanghai, which was soon copied by other foreign powers. All this international activity gave Shanghai the nickname "the Great Athens of China." The Republic of China was established in 1912. The same year, the Old City walls were dismantled as they blocked the city's expansion. In July 1921, the Chinese Communist Party was founded in the Shanghai French Concession . On 30 May 1925,

5780-594: The four municipalities under the direct administration of the Central People's Government , and is divided into 16 county-level districts . Although every district has its own urban core, the city hall and major administrative units are located in Huangpu District, which also serves as a commercial area, including the famous Nanjing Road . Other major commercial areas include Xintiandi and Huaihai Road in Huangpu District, and Xujiahui in Xuhui District . Many universities in Shanghai are located in residential areas in Yangpu District and Putuo District . Seven of

5865-419: The land area of Shanghai was further expanded to 5,910 km (2,281.9 sq mi) after more surrounding suburban areas in Jiangsu were added: Chongming , Jinshan , Qingpu , Fengxian , Chuansha , and Nanhui . In 1964, the city's administrative divisions were rearranged to 10 urban districts and 10 counties. As the industrial center of China with the most skilled industrial workers, Shanghai became

5950-503: The modern-day districts of Baoshan , Yangpu , Zhabei , Nanshi , and Pudong , but excluded the foreign concessions territories. Headed by a Chinese mayor and municipal council, the new city government's first task—the Greater Shanghai Plan —was to create a new city center in Jiangwan town of Yangpu district, outside the boundaries of the foreign concessions. The plan included a public museum, library, sports stadium, and city hall, which were partially constructed before being interrupted by

6035-408: The most famous architects working in Shanghai was László Hudec , a Hungarian-Slovak who lived in the city between 1918 and 1947. His most notable Art Deco buildings include the Park Hotel , the Grand Cinema , and the Paramount . Other prominent architects who contributed to the Art Deco style are Clement Palmer and Arthur Turner , who together designed the Peace Hotel, the Metropole Hotel , and

6120-409: The municipality today. 申 ( Shēn / sén ) or 申 城 ( Shēnchéng / sén-zen , "Shen City") was an early name originating from Lord Chunshen , a 3rd-century BC nobleman and prime minister of the state of Chu , whose fief included modern Shanghai. Shanghai-based sports teams and newspapers often use Shen in their names, such as Shanghai Shenhua and Shen Bao . 华 亭 ( Huátíng / gho-din )

6205-555: The political hierarchy. In the 19th century, international attention to Shanghai grew due to Europe and recognition of its economic and trade potential at the Yangtze . During the First Opium War (1839–1842), British forces occupied the city. The war ended in 1842 with the Treaty of Nanking , which opened Shanghai as one of the five treaty ports for international trade. The Treaty of

6290-440: The provinces of Zhejiang to the south and Jiangsu to the west and north. The municipality's northernmost point is on Chongming Island , which is the second-largest island in mainland China after its expansion during the 20th century. It does not administratively include an exclave of Jiangsu on northern Chongming or the two islands forming Shanghai's Yangshan Port , which are parts of Zhejiang's Shengsi County . Shanghai

6375-520: The regulations of Securities Law of the People’s Republic of China and Company Law of the People’s Republic of China , limited companies applying for the listing of shares must meet the following criteria: Other conditions stipulated by the State Council. The conditions for applications for the listing of shares by limited companies involved in high and new technology are set out separately by

6460-514: The rise in cases, the Chinese government locked down the entire city on 5 April. This resulted in widespread food shortages across the city emerged as food-supply chains were severely disrupted by the government's lockdown measures, which were not lifted until 1 June. Shanghai is located on the Yangtze Estuary of China's east coast, with the Yangtze River to the north and Hangzhou Bay to

6545-618: The second decade of the 20th century. By the 1930s, Shanghai had emerged as the financial center of the Far East , where both Chinese and foreign investors could trade stocks, debentures , government bonds, and futures . The operation of Shanghai Stock Exchange came to an abrupt halt after Japanese troops occupied the Shanghai International Settlement on December 8, 1941. In 1946, the Shanghai Stock Exchange resumed its operations before closing again 3 years later in 1949, after

6630-457: The south, with the East China Sea to the east. The land is formed by the Yangtze's natural deposition and modern land reclamation projects. As such, it has sandy soil , and skyscrapers have to be built with deep concrete piles to avoid sinking into the soft ground. The provincial-level Municipality of Shanghai administers both the estuary and many of its surrounding islands . It borders

6715-681: The town's economic importance, as opposed to its low political status. During the Qing dynasty , Shanghai became one of the most important seaports in the Yangtze Delta region as a result of two important central government policy changes: in 1684, the Kangxi Emperor reversed the Ming dynasty prohibition on oceangoing vessels—a ban that had been in force since 1525; and in 1732, the Qianlong Emperor moved

6800-450: The war, Shanghai's economy was restored—from 1949 to 1952, the city's agricultural and industrial output increased by 51.5% and 94.2%, respectively. There were 20 urban districts and 10 suburbs at the time. On 17 January 1958, Jiading , Baoshan, and Shanghai County in Jiangsu became part of Shanghai Municipality, which expanded to 863 km (333.2 sq mi). The following December,

6885-417: Was another early name for Shanghai. In AD 751 during the mid-Tang dynasty, Huating County was established by Zhao Juzhen , the governor of Wu Commandery , at modern-day Songjiang, the first county-level administration within modern-day Shanghai. The first five-star hotel in the city was named after Huating. 魔 都 ( Módū / mó-tu , "monster/fiend/magical city"), a contemporary nickname for Shanghai,

6970-633: Was one of five treaty ports forced to open to European trade after the First Opium War , which ceded Hong Kong to the United Kingdom until it was handed over back to China on 1 July 1997. This followed the Second Battle of Chuenpi in 1841, more than 60 km (37 mi) east of the Portuguese colony of Macau . Macau was controlled by Portugal following the Luso-Chinese agreement of 1554 until

7055-611: Was re-established on November 26, 1990, and was in operation on December 19 of the same year. It is a non-profit organization directly administered by the China Securities Regulatory Commission (CSRC). The formation of the International Settlement (foreign concession areas) in Shanghai was the result of the Treaty of Nanking of 1842 (which ended the First Opium War ) and subsequent agreements between

7140-569: Was set on 19 January 1893) to 40.9 °C (106 °F) on 21 July 2017 and 13 July 2022 at a weather station in Xujiahui and 2 August 2024 in Minhang District following a record hot night set at 32.1 °C (90 °F) as the highest ever daily minimum temperature at Xujiahui. On 8 August 2013, the weather station at Shanghai Pudong International Airport also observed a high temperature of 41.0 °C (106 °F). The Bund , located by

7225-507: Was upgraded in status from a village to a market town in 1074, and in 1172, a second sea wall was built to stabilize the ocean coastline, supplementing an earlier dike. From the Yuan dynasty in 1292 until Shanghai officially became a municipality in 1927, central Shanghai was administered as a county under Songjiang Prefecture, which had its seat in the present-day Songjiang District . Two important events helped promote Shanghai's developments in

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