S4 Capital

Global CEOs urge Shanghai to scale AI across services and industry

Image
Global CEOs urge Shanghai to scale AI across services and industry

Shanghai – October 12, 2026 -- Forty-two multinational executives from 14 countries told Shanghai to use artificial intelligence to link services with manufacturing and consumption, at the 38th meeting of the International Business Leaders' Advisory Council for the Mayor of Shanghai (IBLAC) on Oct. 11.

The session was held under the theme of innovation-driven development of the service sector. IBLAC was initiated in 1989 and now serves as a think tank for Shanghai mayors.

PwC chairman points to Shanghai's industrial base and Yangtze River Delta ties

Mohamed Kande, global chairman of PwC, cited Shanghai's strong industrial base, close links with the Yangtze River Delta region and mature service industry as advantages. He urged the city to connect technologies, research and capital with international service providers to address real-economy challenges.