The event was introduced to the calendar during the 2007/08 campaign, making the competition the second to be hosted in China as a result of the growth of snooker in the country.
The Shanghai Masters is the first ranking event if the season as it takes place in September and is currently held at the Shanghai Grand Stage, Shanghai.
Since the Shanghai Masters launch in 2007 the format has always been a ranking event.
The Shanghai Masters is also known as the Bank of Communication Shanghai Masters since the 2011 event due to sponsorship purposes.
The Shanghai Masters consists of 32 players, 16 of which are seeded depending on their status in the snooker world rankings chart. Eight more players enter the tournament from the world rankings chart, however they are un-seeded.
The following eight places are filled by wildcard winners who have already participated in a four round qualifier, taking place on the July 31st to August 4th in the World Snooker Academy in Sheffield.
The 16 winners of this 32 player qualifying round battle it out for the eight wildcard spots on September 5th in Shanghai. This is similar to the Chine Open, including an extra wildcard round before the first round, featuring eight players.
The final 32 then compete for a last 16 and so on until the final for the prize money of $65,000 and the ranking points.
The previous winners of the tournament have been mainly dominated by English snooker players such as four-time World Champion Ronnie O’Sullivan, Current Shanghai Masters Champion Mark Selby and two time World Championship finalist Ali Carter.