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Shanghai enjoys unique advantages in AI categories such as connected cars, smart manufacturing and medical image recognition, said Mao Junfa, an academician of the Chinese Academy of Sciences. The advantages include having several leading companies for the sectors as well as pilot zones where such technologies can be piloted.

Shares of Magang rose 2.35 percent on Monday to 3.48 yuan (50 cents) and Baosteel stock closed at 6.38 yuan per share, up 1.27 percent.

Shanghai event reinforced nation's position on global stage

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Shanghai Ballet will make its debut at the Lincoln Center in New York with four performances of Swan Lake from Jan 17 to 19.

Sharing China's experiences, Xie said the huge amount of green investment by 2030 will help China transform its economy and generate new jobs, which could total as many as 69 million.

Several Chinese aluminum companies, including Aluminum Corp of China, the largest aluminum company in the world, and Shenhuo Group, based in Yongcheng city, Henan province, have been drawn to the region.

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Shares of the Shanghai-listed automaker shed 1.28 percent to close at 9.29 yuan apiece Friday.

Shanghai can also consider an underground maglev line from the downtown area to Pudong's Lingang area, the city's smart manufacturing base, to accelerate the development of the area, Wu suggested.

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Share prices in the A-share market have come to a reasonable level after fluctuations over the past few months, she said. Domestic consumption is showing robust growth, led by the rise in the textiles, garments, cosmetics, and food and beverage sectors. On top of that, the consumption potential in lower-tier cities will be further explored, injecting more vibrancy into the economy and thus stimulating the stock market in the long term, Zhou said.

Shanghai is among the Chinese cities that replaced business tax with a value-added tax earlier than others.