Chey Tae-won, chairman of SK Group, suggested that Shanghai formulate a set of evaluation mechanisms or supportive measures, such as favorable tax policies or other incentives, to help it grow into a benchmark demonstrating the social value of AI. The city will thus become home to more new ideas, capital, and talent, he said.

Jacob Wallenberg, chair of the board of Investor AB, suggested that Shanghai could create zones with simple licensing and clear incentives to further open up sectors such as green technology, healthcare, and digital services, which in itself could attract expertise and long-term investment to the city.

Continued efforts could be made to further streamline administration. A regular dialogue between regulators and business, as well as annual updates on policy clarity, could help build confidence or trust, he added.