Shanghai's actual use of foreign investment amounted to $20.23 billion in 2020, growing by 6.2 percent year-on-year.
The total value of imports and exports hit a historic high of 3.48 trillion yuan ($537.5 billion) in Shanghai last year, up 2.3 percent from the figure recorded in 2019.
Foreign direct investment in Shanghai hit a record high in 2020 despite the COVID-19 epidemic, according to data from the municipal government.
Two entrepreneurs from Japan received their Foreigner's Work Permit at the 2020 Shanghai Global Talent Innovation and Entrepreneurship Summit held in Shanghai's Pudong New Area on Dec 24.
The Pujiang Talent Program has granted nearly 900 million yuan ($137.8 million) to more than 4,400 overseas returnees who have contributed to Shanghai's science and technology innovation.
The Pudong New Area issued three new policies at the 2020 Shanghai Global Talents Innovation and Entrepreneurship Summit on Dec 24.