Economics

"Night economy" is a barometer of urban vitality. As one of the national level night culture and tourism consumption clusters, since the opening of the 2023 Shanghai Nightlife Festival, the consumption scenes of "sports+", "local+", and "trend+" have continued to innovate in Xujiahui Nightlife Festival, bringing a new consumption experience of "more exciting the night" to the general public and tourists. As one of the first sports industry clusters in Shanghai, the "2023 Xuhui District Sports Consumption Carnival" was launched from June 9th to 11th in the Xujiahui commercial district. During this 3-day carnival, more than 30 famous sports brands, leading sports enterprises in Shanghai, and characteristic sports institutions were shortlisted for the event. In addition, Shanghai Free Fighting Amateur Open, China Coordinate Shanghai Xuhui Directional Outdoor Challenge, Xuhui District Basketball Season Finals, One Dart Throwing Victory Dart Challenge, etc

Recently, the competition among domestic airlines has further escalated. Hainan Airlines Group's 11 domestic airlines have launched a ticket combination product called "Feitong", which claims to allow passengers to obtain triple value rights in the form of "buy 1 get 1 get 1 get back 1", attracting attention. It is reported that this "Feitong" product includes four versions: black gold, platinum, gold, and silver. After purchasing the product, passengers can receive a corresponding value of transferable tickets, as well as an equal amount of physical gift points and reward points, enjoying the triple benefit of "buy 1 get 1 get 1 return 1". For example, after purchasing the black gold version of the "Flying Pass" product priced at 100000 yuan, in addition to obtaining a ticket worth 100000 yuan that can be signed and transferred, passengers will also receive 10 complimentary tickets that can be used in the "Flying Pass" product area based on the progress of using the delivered ticket

On the day of the Shanghai high school entrance examination, the plum blossoms are coming, and the rain is rushing to join the fun. According to the forecast of Shanghai center Meteorological Observatory, the first heavy rainstorm is coming! On June 17th, Shanghai officially announced the arrival of plum blossoms, slightly earlier than usual. At 16:45 today, the Shanghai Meteorological Bureau launched the rainstorm level 4 emergency response, strengthened emergency duty and carried out incidental meteorological services. At present, the Shanghai Zhejiang Anhui region has entered the rainy season. Affected by the plum rain belt, Shanghai entered a rainy and cloudy mode last night. As of 16:00 today, the rainfall map shows that the distribution of precipitation is uneven, with light rain mainly in the northwest and central urban areas, and obvious rainfall in the southeast with moderate rain. According to predictions, the rain bands in the early stage of this year's rainy season are unstable, showing a north-south oscillation trend. In the future, the atmospheric circulation situation will be adjusted, and the precipitation process will increase. Reminder from the Shanghai Meteorological Department,

On June 17th, the 9th China International Technology Import and Export Fair was successfully concluded. The exhibition area of this year's Shanghai International Fair is 35000 square meters, with 958 participating companies. It brings together innovative achievements from 11 countries and regions around the world, as well as 27 provinces and cities across the country. High tech enterprises, specialized and innovative enterprises, and unicorn enterprises from various fields across the country have made collective appearances with internationally leading technologies and products. 56 institutions have launched 61 innovative projects at the Shanghai International Fair. The world's first four arm laparoscopic surgical robot developed and approved for listing by a Chinese company was selected as the "treasure of the museum" at this year's Shanghai Stock Exchange. The 20 MW offshore semi direct drive permanent magnet synchronous wind turbine and the 2-ton manned electric vertical takeoff and landing aircraft were also awarded the "Top Ten Project Awards". Domestic four arm laparoscopic surgical robot. Li Maojun photographed the trading at this year's Shanghai Stock Exchange

On the afternoon of June 17, colorful flags were displayed on the central square of the "Bund Central" on Nanjing East Road. As a key activity of the fourth "Fifth five-year Shopping Festival", the launching ceremony of a series of activities of "Juyoupin Huiwanjia" Shanghai Aid to Youth "Fifth five-year Shopping Festival" kicked off. The first batch of "Shanghai Fruit Products" selected 28 products in seven categories, mainly yak meat and Tibetan mutton with the most characteristics of Guoluo. At the same time, it also gathered Maqin's organic yak yogurt and marinated yak tendon, Maduo's spicy mutton, Gande's red pine muck, Dari's hand-torn beef jerky and Tibetan incense, Banma's Tibetan snow tea, natural strontium-rich drinking water and yak milk and yak milk, and Jiuzhi Tibetan marinated yak meat. The first batch of "Shanghai Fruit Excellent Products" selected 28 commodities in seven categories. wang qiyang, a shanghai youth aid cadre and deputy secretary and deputy head of maduo county, guoluo prefecture, told reporters that,

To what extent has the rapidly warming tourism industry recovered since the beginning of this year? What changes have occurred? According to information released at the "National Tourism New Forces" press conference hosted by Tongcheng Travel on June 16th, the recovery trend of national tourism revenue and tourist arrivals since the first quarter has been very good, with tourism revenue reaching 97.7% of the same period in 2019, and there is still a slight gap in tourist arrivals. The stores and dedicated operators of travel agencies on the streets and alleys are rapidly returning, reflecting the full resilience of the tourism industry. Therefore, Tongcheng Travel announced the official launch of its offline store franchise plan to better meet the constantly upgrading travel service needs of the national new tourism era. Silver haired individuals and Generation Z have become the main force in tourism recovery. Long term attention has been paid to the leisure and vacation market. Cheng Chaogong, Chief Researcher of Tongcheng Research Institute, stated that this year's recovery of the entire tourism industry

Urban parks are products of the industrial era, providing an effective solution to urban problems caused by industrial production, especially meeting the urgent need of ordinary urban residents to temporarily escape from harsh living environments. It has been over 170 years since the opening of the world's first truly urban park. Although the urban environment has been greatly optimized, getting close to nature, temporarily avoiding the hustle and bustle of the city, relieving fatigue, and releasing pressure have always been the core function of urban parks since their inception. However, for pocket parks that cater to every opportunity, providing core functions is not enough. The oases in these urban deserts are highly anticipated by those living and working in their surroundings due to their higher accessibility. In Shanghai, the constantly emerging pocket parks are no longer like traditional parks, but more like a kind of stacked park

On June 15th, the Shanghai Municipal Government held a press conference to introduce the newly issued "Three Year Action Plan for Promoting High Quality Development of Manufacturing Industry in Shanghai". The core sentence of the entire text is that by 2025, the added value of Shanghai's industry will account for more than 25% of the regional GDP. A similar situation occurred 7 years ago. At the same press conference of the Shanghai Municipal Government, the newly prepared "Thirteenth Five Year Plan for the Transformation and Upgrading of Shanghai's Manufacturing Industry" was interpreted, clarifying that by the end of the "Thirteenth Five Year Plan", the goal of maintaining the proportion of manufacturing added value to GDP at around 25% will be achieved. So over the years, have we held onto the 25% bottom line? Let's first look at the end of the 13th Five Year Plan. According to public data from the Municipal Bureau of Statistics, in 2020, the gross domestic product of Shanghai was 3870.058 billion yuan; Value added of the secondary industry 10289.47

Where will we go during summer vacation? If you enjoy mountains, rivers, and nature, and also hope to appreciate the rich cultural scenery, there are many choices for the best of both worlds on the land of our motherland. Guizhou, which combines summer vacation, landscape, and cultural customs, as well as Zhangzhou, a cultural city with mountains and seas, and a long history, are all worth a visit. Zhangzhou: A Journey to the Mountains and Seas. Zhangzhou is a cultural city with a history of over 1300 years. Minnan culture and Hakka legends meet here, and Minyue relics and Haisi historical sites continue here. Recently, Zhangzhou, Fujian, with intangible cultural heritage such as "cloth puppet show", "Zhangzhou Paper Cuttings", "ancient early food", etc., made an appearance in Shanghai, inviting everyone to come to Flower Zhangzhou for an appointment with the mountains and seas. "Dong, Dong, Dong... demolding." At the promotion meeting, square shaped pastries were pressed flat and pressed firmly in the hands of workers, flipped over and knocked out neatly

Today, the first international route of China Merchants Viking cruise ship departed from the Shanghai Port International Passenger Transport Center on the North Bund, carrying more than 600 tourists for a 15 day and 14 night outbound cruise. This is the first international cruise route opened by the Shanghai Port International Passenger Transport Center since the announcement of the "orderly pilot resumption plan for international cruise transportation" by the Ministry of Transport. This route is operated by the luxury Chinese cruise ship "China Merchants Iton", which will stop at 9 destination ports in Japan, including Osaka, Kochi, Kagoshima, and Nagoya, creating a convenient and worry free high-end cruise ship "Freedom Travel" for Chinese passengers. Although it is a small and medium-sized cruise ship with a total tonnage of 47800, the "China Merchants Yidun" has the ability to sail around the world, and its software and hardware services benchmark against international high-end cruise ships, making it one of the "small and beautiful" sea vessels. As China's first ship to fly the Five Star Red

Since last Saturday night, rainstorm has witnessed torrential rain. The Shanghai Meteorological Department stated that a very typical "atypical plum rain" is affecting Shanghai. When can we bid farewell to the rain as the Dragon Boat Festival holiday approaches? It rained heavily in Shencheng last weekend, with rainstorm in some areas. From 8:00 to 20:00 on June 18, within 12 hours, the accumulated rainfall in Chongming reached 48.2 mm, reaching the level of rainstorm in the whole region, of which 158.2 mm in Zhixin Town of Chongming was the largest, reaching the level of heavy rainstorm. The cumulative rainfall in the central urban area is 30.2 millimeters. As of press release, the blue warning signal of rainstorm and the yellow warning signal of thunder and lightning in Shanghai, as well as the four level response action of flood control and typhoon prevention in the city, are still being maintained. However, this rain has not ended and will continue today. According to the forecast of Shanghai center Meteorological Observatory on the 18th, it will arrive at 1 on the evening of the 18th

The 618 Shopping Festival, which started in May, has finally ushered in a "positive day" today. Some people refer to this year's 618 as the "most popular" edition, and both e-commerce platforms and merchants hope to seize the opportunity of 618 to compete for orders and users. Besides internal competition, there are also new changes in this year's 618. As 618 draws to a close, major platforms have not released sales reports that often cost billions of yuan like in previous years. In the noisy live broadcast room, another voice has also emerged. As 618 approaches its end, various platform battle reports have also been released, weakening data. According to JD data, after the launch of 618, brands such as Midea, Haier, Xiaomi, and Gree quickly exceeded 100 million yuan in sales. Compared to last year, the number of brands that achieved sales of billions of yuan in just 10 minutes has increased by 23%. this

Sugar free Xiancao Oolong Tea, Northeast Daban Jasmine Fragrant Qingwang Green Grape Ice and Snow Mud, Thousand Layer Snow Red Velvet "Big Cake" Ice Cream... On this weekend, the first floor atrium of Wanda Plaza in Wujiaochang, Yangpu District is bustling with people, and various new drinks and cold drinks are being launched. As a key event of the 4th May 5th Shopping Festival, the 2023 18th China Beverage and Cold Drink Carnival Summer Marketing and Annual Conference was held here, with nearly 40 top international and domestic beverage, cold drink brands, and new consumer brands participating. After three years of the epidemic, pursuing health has become an important goal of consumption. The 0 sugar, 0 fat, and 0 calorie drinks that represent health stand out. At the event, Nongfu Spring brought the sugar free tea brand - Dongfang Ye, which has grown by over 50% in 2022 after 12 years of market accumulation; Uni President launches a new sugar free product

NO. 1 Dragon Boat Festival ticket prices fell 25% from May 1. Flight butler data show that as of June 14, the average domestic ticket transaction price for the 2023 Dragon Boat Festival holiday was 759.92 yuan, up 8.92 percent from last year and down 24.54 percent from the May 1 holiday. The top 5 most popular destinations in China during the 2023 Dragon Boat Festival holiday are Beijing, Shenzhen, Chengdu, Hangzhou and Chongqing. Not only is the price of air tickets reduced, according to the data of many tourism enterprises such as Ctrip, Tongcheng, where to go, Fliggy, Tuniu, donkey mother and spring and autumn, the average price of hotels in many popular destinations during the Dragon Boat Festival holiday this year is also lower than that during the May Day holiday, and the night price of hotels in some popular destinations is 20% lower than that during the May Day holiday. Fliggy data show that Shanghai, Beijing, Hangzhou, Chengdu, Guangzhou, Wuhan, Shenzhen, Xi'an, Qingdao, Chongqing, etc.

Japanese historian of science, Mitsukoshi Tang, once discovered a phenomenon: the world science center undergoes periodic shifts. In history, the center shifted from Italy to England, then to France and Germany, and finally to the United States. A series of subjective and objective factors, including economic development, flourishing education, talent gathering, and national support, have facilitated the handover of major scientific centers. It is worth noting that, driven by the power of technology, every technology center has without exception become a world power. Entering a new stage of development, technological innovation is undoubtedly the most powerful driving force for a country or city to achieve high-quality development. Joseph Needham, a British scholar, has always been puzzled: "Why did modern science not happen in China?" This is the famous "Joseph Needham problem" - China from the 1st century BC to

Recently, Jinjiang WeHotel, a subsidiary of Jinjiang International Group, signed a cooperation agreement with Shanghai Social Security Card Service Center. Both parties will leverage their own advantages and provide comprehensive and high-quality rights services for social security card users in transportation, tourism, and other fields through the exchange of membership and service resources. As leaders and pioneers in their respective fields, the Social Security Card Center and Jinjiang Members have both launched their first member exchange type government enterprise cooperation, which also means that both sides have taken a historic step in innovation in user service cooperation. After the cooperation is launched, Jinjiang member ecosystem will provide "Jinjiang exclusive membership identity" for social security card users through Alipay's "Shanghai Social Security Card" life account and "Jinjiang Member" APP, centering on core elements such as exchanging member rights and developing value-added services. At that time, social security card users will

Since the official arrival of Meiyu on June 17th, Shanghai residents have witnessed the "violence" of Meiyu's debut. Before the onset of the rainy season, the Shanghai Climate Center predicted that the rainfall in Shencheng this year was slightly less than the usual 262.5 millimeters. Many citizens thought they would have a dry rainy season, but as soon as the plum blossoms enter, the wind and rain come with a fierce force. Is that still true? Sometimes there are torrential rainstorm, sometimes there are thunder and lightning. Recently, such a plum rain weather has appeared in many provinces and cities. As the plum rain is too turbulent, even the Central Meteorological Station has issued a blue warning for rainstorm. From June 16th to 17th, five provinces and cities including Hubei, Jiangsu, Shanghai, Zhejiang, and Anhui announced the start of the plum blossom season, marking the beginning of this year's rainy season in China. Yesterday, the heavy rainfall belt was mainly distributed from Guizhou to the middle and lower reaches of the Yangtze River

The first commercial flight of the C919 aircraft, designed by the Chinese themselves, was a complete success. Behind this dazzling global wisdom, a "ruler" from Shanghai played a crucial role. The hundreds of thousands of components of C919 come from all over the world, and they need to be assembled perfectly, especially for large components, which cannot be separated from large-scale measurement equipment such as laser scanners, laser trackers, and large profilers. Previously, due to the limitations of domestic technological level, regular calibration of these devices had to be carried out abroad, which was time-consuming and costly. Shanghai's relevant institutions and enterprises have joined hands to tackle the problem of the inability to trace the measurement values of oversized geometric measuring instruments in China by creating "rulers" at their doorstep. Starting from this, more high-precision and cutting-edge "rulers" have been localized in Shanghai. National Commercial Aircraft Industry Metrology

At 9:00 am on June 19th, the world's first physically delivered alumina futures were officially listed for trading on the Shanghai Futures Exchange. The first batch of aluminum oxide futures was listed for trading, with a total of 8 contracts listed at a benchmark price of 2665 yuan/ton. On that day, the opening price of the main AO2311 contract was 2730 yuan/ton, and the closing price was 2721 yuan/ton, an increase of 56 yuan/ton or 2.10% from the listed benchmark price. Throughout the day, there were 100700 transactions with a total transaction amount of 5.462 billion yuan and a position of 14700. The aluminum industry is a fundamental industry that supports the development of the national economy, and aluminum oxide, also known as aluminum trioxide, is the main raw material for the aluminum industry. China has long been the world's largest producer and consumer of alumina, with numerous upstream and downstream enterprises in the industrial chain and a strong demand for risk management. Secretary of the Party Committee of Shanghai Futures Exchange

The 6.18 shopping festival has just come to an end, and express delivery is about to reach its peak. In the logistics warehouse of Whale Warehouse, 42 cargo boxes of Spider Man shuttle through the 9-meter-high shelf gap. AI is their brain, and their task is to "pick up the boxes". Once they receive an order instruction, these spidermen will accurately locate the location of the box where the goods are stored in milliseconds and quickly transport it to the picking table, the entire process only takes two minutes. Unlike in previous years, these spider humans have achieved "on chain" for the first time in the industry, with all operational data encrypted and circulated on the blockchain network, laying the foundation for the large-scale development and trustworthy collaboration of the warehousing and logistics industry. Having experienced the sharp rise and fall of Bitcoin and the temporary glory of NFT, domestic blockchain has seized the opportunity of digital transformation of the real economy and opened up its own technological "islands"

In the spring semester of 2023, the School of Public Economics and Management at Shanghai University of Finance and Economics offered a unique tax compulsory course, which has just concluded. In the past five months, department heads from the Third Taxation Branch of the Shanghai Municipal Taxation Bureau of the State Administration of Taxation have served as off campus mentors for this course, and together with 22 tax graduate students from Shanghai University of Finance and Economics, they conducted in-depth research on financial enterprises. The innovative thinking of the students, the theoretical support of the school, and the practical experience of the tax supervisor have sparked unexpected sparks in the course collision. A total of 6 groups of projects have been rated as excellent projects, and some suggestions will be attempted to be implemented under the promotion of the tax department in the second half of the year. The relevant person in charge of the Third Taxation Bureau also stated that the "Xinshui Research" project is a solid promotion of theme education,

The LPR, which has remained unchanged for 9 consecutive months, has finally been lowered. On June 20, 2023, the loan market quotation interest rate for June 2023 was announced - the one-year LPR was 3.55%, a 10 basis point decrease from before, and the five-year and above LPR was 4.2%, a 10 basis point decrease from before. This is the first downward adjustment of LPR since 2023. Prior to this, there were three downward adjustments in LPR throughout 2022, with the last adjustment occurring in August of that year and no further changes thereafter. Until June 15th, not long ago this year, the medium-term lending convenience rate was lowered by 10 basis points. The industry generally believes that the LPR is also likely to be lowered on June 20th. The full name of LPR is Loan Prime Rate, which is quoted by various quoting banks based on the open market operating interest rate plus points

The "Z generation", represented by the post-95s and post-2000s, is becoming the main force of market consumption. They have grown up with the accompaniment of movies, anime, comics, games, etc., and have a unique concept of dimensional consumption. Now, a "anime storm" is hitting the century old Nanjing Road - "Fun Four Block" has been settled in New World City, "Elegant Second Dimension Block" has been settled in the First Department Store Commercial Center, "Bailian ZX Fun Center" has been transformed from the original Hualian Commercial Building as a whole, and "Baji Island i-Land" of Jing'an Joy City adjacent to the Nanjing Road Business District... In just over a year, "anime storm" has unlocked the "Generation Z" circle in this Shanghai core commercial landmark with the People's Square as the center and a radiation range of less than 1 square kilometers, allowing the old brand business district to be placed into a "young heart". New World City

At 11:18 am today, the Long March 6 carrier rocket ignited and took off from the Taiyuan Satellite Launch Center, successfully launching the Test 25 satellite into the designated orbit. The launch mission was a complete success, and the first launch mission of the Long March 6 model for this year was successful. The Long March 6 carrier rocket is a low-temperature liquid three-stage carrier rocket developed by the Shanghai Institute of Aerospace Technology of China Aerospace Science and Technology Group. It has the ability to launch various types of satellites with different orbital requirements and can carry out single or multiple satellite launches. Its sun synchronous circular orbit has a carrying capacity of up to 1.0 tons and an orbital height of 700 kilometers. In order to adapt to the layout and interface requirements of the satellite inside the fairing, a new bracket has been developed for this launch mission based on the overall configuration of the satellite, providing effective "lifting+support" for the satellite. Meanwhile, in terms of satellite separation methods

It started to rain and clear up. Today, the temperature in Shencheng has risen sharply, and summer is approaching. Today, the Bihai Jinsha Scenic Area in Fengxian, Shanghai announced the official start of swimming, with a series of novel gameplay simultaneously, waiting for citizens and tourists to explore the dynamic and fashionable coastline. Bihai Jinsha has a water area of 2.81 square kilometers, and a 18000 square meter swimming area that can accommodate 10000 people swimming and playing at the same time. As a national 4A level tourist attraction, the Bihai Jinsha Scenic Area has functional areas such as a tourist area, entertainment area, and dining area, including summer sea friendly entertainment projects such as ocean swimming, children's water park, and water projects. Abundant sunshine, cool seawater, cool sea breeze, and golden beach, with both beauty and connotation, are suitable for both movement and stillness, making it a great place for summer water friendly leisure. At the Wave Riding Water Sports Center on the west side of the scenic area, tourists can also try it out

As summer approaches, Shanghai welcomes its annual lotus season amidst the humid heat. The 10th Shanghai Lotus and Water Lilies Exhibition will open for two months during the Dragon Boat Festival, according to a reporter from Shanghai Guyi Garden. This year, two parks featuring lotus and water lilies will collaborate with Guyi Garden to hold the Lotus and Water Lilies Exhibition, marking the first time in the history of the Shanghai Lotus and Water Lilies Exhibition. Guyi Garden has created 6 large horticultural attractions, showcasing over 2200 potted lotus flowers and approximately 5000 square meters of pond grown lotus flowers. There are over 500 varieties, in addition to 250 varieties and 350 pots of water lilies. The Drunken White Pond Park displays over 70 varieties of lotus, including nearly 300 potted lotus pots and 1000 square meters of potted lotus flowers. Chenjiashan Lotus Park showcases 8 varieties, totaling 7

Due to the limited recovery of international flights and the difficulty of visa reservations, the recovery of outbound travel during this summer is limited, and domestic travel will experience a peak. As a result, a new round of customer grabbing wars has already begun in multiple domestic destinations. However, during holidays, there are always negative public opinions in tourist destinations, which also makes people sweat about the upcoming summer passenger flow peak in many domestic tourist destinations. Faced with the summer "big exam" lasting for over two months, can popular domestic destinations not only gain popularity but also reputation like Zibo? Where will the Zibo barbecue, which is so popular, win? Before and after May Day this year, Zibo barbecue turned red to purple, and a series of topics related to Zibo were mostly praised. This scenario is unprecedented among domestic tourist destinations. In terms of tourism resources, Zibo, which has transformed from an industrial city

After two years of delay, the 23rd China International Industrial Expo has finally been scheduled to be held at the National Convention and Exhibition Center from September 19th to 23rd this year. The reporter learned from the organizer that as the most large-scale, high-level, and influential national level exhibition in China's equipment manufacturing industry, the China International Fair for Industry and Commerce will have more than 2600 enterprises from 27 countries and regions around the world participating in retaliation this year. Accumulate energy for 3 years, and bloom soon. On September 19, 2020, the 22nd China International Fair for Industry and Commerce came to an end, attracting 2238 exhibitors from 22 countries and regions to participate. Subsequently, the 23rd China International Fair for Industry and Commerce was rescheduled or postponed due to the epidemic, and was unable to be held in 2021 and 2022. This year, the China International Fair for Industry and Commerce has finally returned as the king. Yao Chunyu, Deputy General Manager of Donghao Lansheng Exhibition Group Shanghai Industrial and Commercial Exhibition Co., Ltd

Recently, the equipment renovation project for the ± 500 kV Nanqiao converter station in Shanghai has been officially completed and put into operation. Clean water and electricity from Gezhouba are continuously flowing into the Shanghai power grid, providing more reliable and abundant external clean energy for peak summer season. The project adopts the world's first controllable commutation valve technology with completely independent intellectual property rights, transforming this former "foreign substation" into a "Chinese high-end manufacturing" business card, providing continuous "green" support for Shanghai's economic development. The domestically produced core components replace the Ge'nan HVDC transmission project, which was completed and put into operation in 1989. It is China's first ± 500 kV ultra-high voltage direct current transmission line, and the Nanqiao converter station, which was put into operation at the same time, is also China's first ± 500 kV DC converter station. It is the main "foothold" for Shanghai Power Grid to enter Shanghai. As an important gateway for external power to enter Shanghai

Shanghai Huibao is exploring and promoting proactive claims settlement to help the public access services more quickly and conveniently. On June 20th, the Shanghai Insurance Industry Association and the Shanghai Insurance Society held a media research conference with the theme of "Focusing on One Old, One New, and One Youth 'Shanghai Huibao' to Continuously Optimize and Benefit the People". The reporter learned from the meeting that since the launch of "Shanghai Huibao" in 2023, a new record has been set for the renewal appointment of urban customized commercial medical insurance. As of now, more than 4.5 million people have participated in the insurance, with a participation rate of about 23%. About one in four Shanghai basic medical insurance participants has taken out the insurance. Li Yingjie, representative of Pacific Life Insurance, the chief underwriting company of the "Shanghai Huibao" co insurance body, introduced that over the past two years of operation, "Shanghai Huibao" has accumulated compensation of over 1.1 billion yuan, accepted over 390000 cases, benefited hundreds of thousands of families, and had an average settlement time