In 2024, the total assets of local state-owned enterprises in Shanghai exceeded 30 trillion yuan for the first time.

On January 20, 2025, the Shanghai State-owned Assets and State-owned Enterprises Reform and Development and Party Building Work Conference was held. It is reported that in 2024, the local state-owned enterprises in this city achieved a revenue of 3.5 trillion yuan, a total profit of 269.35 billion yuan, a net profit attributable to the parent company of 186.62 billion yuan, and the total assets exceeded 30 trillion yuan for the first time. At the end of the year, the total market capitalization of 94 state-owned listed companies reached 2.78 trillion yuan, a year-on-year rise of 28.5%.