By the year 2025, the total assets of state-owned enterprises in Shanghai will reach 32.5 trillion yuan.

On January 23, according to data released by the Shanghai State-owned Assets Supervision and Administration Commission, the total assets of local state-owned enterprises in Shanghai will reach 32.5 trillion yuan by 2025, reaching a historical high. At the same time, the total profit and net profit attributable to shareholders of the state-owned enterprises increased by 12.3% and 11.2% respectively compared to the previous year, both reaching a five-year high. In addition, the comparable growth rate of industrial output value in Shanghai supervised enterprises, the weighted average growth rate of financial industry statistical indicators, and the growth rate of total import and export volume were 10.5%, 20.7%, and 7.9% respectively. The total market value of Shanghai local state-owned holding listed companies reached 3.2 trillion yuan, also reaching a historical high.