22 policies in Shanghai to help boost market mood, keep recovery pace

The Shanghai municipal government has given a solid boost to market confidence by announcing 22 favorable policies on Wednesday, which will help maintain the strong momentum in economic recovery, local officials said.

The 22 policies will boost market demand, stabilize growth, inject more vitality into market entities and further improve business environment, said Wu Qing, Shanghai's executive vice-mayor, at a news conference.

Industries hard hit by the resurgent COVID-19 cases, including cultural, tourism, sports, exhibition, advertising and civil aviation, will likely benefit the most, observers said.