The 2024 Shanghai Masters was a professional non-ranking snooker tournament that took place in the Shanghai Indoor Stadium in Shanghai, China from 15 to 21 July 2024. The 15th edition of the Shanghai Masters, first held in 2007, it was the fourth edition since the tournament became an invitational event in 2018. It featured 24 players, the top 16 players in the world rankings, as they stood after the 2024 Championship League, and eight invited Chinese players. The tournament was broadcast by local channels in China, Thailand and Hong Kong, by Eurosport and Discovery+ in Europe, and by Matchroom Sport in all other territories. The winner received £210,000 from a total prize fund of £825,000.

The defending champion was Ronnie O'Sullivan, who had defeated Luca Brecel 11‍–‍9 in the 2023 final to win his fifth Shanghai Masters title, and his fourth consecutively. O'Sullivan lost 3–10 in the semi-finals to Judd Trump, who went on to defeat Shaun Murphy 11‍–‍5 in the final, winning the title for the first time.

The inaugural 2007 Shanghai Masters was won by Dominic Dale, who trailed 2‍–‍6 in the final against Ryan Day, only to win eight consecutive frames for a 10‍–‍6 victory. Staged as a ranking event from 2007 to 2017, the Shanghai Masters in 2018 became a non-ranking invitational event comprising 24 players. Ronnie O'Sullivan is the tournament's most successful player to date, having won five previous titles in 2009, 2017, 2018, 2019, and 2023. The only other player to claim the title more than once is Ding Junhui, who won in 2013 and 2016.

The 2024 edition featured the top 16 players in the world rankings as they stood after the 2024 Championship League, the four highest-ranked Chinese players outside the top 16 (Si Jiahui, Zhou Yuelong, Pang Junxu, and Lyu Haotian), and four Chinese wildcard players (Cao Jin, Qiu Lei, Wang Xinbo, and Zhou Jinhao). O'Sullivan was the defending champion, having won the 2023 edition of the tournament with an 11‍–‍9 victory over Luca Brecel. Judd Trump defeated O'Sullivan 10‍–‍3 in the semi-final, and went on to win the tournament by beating Shaun Murphy 11‍–‍5 in the final.

The tournament took place at the Shanghai Indoor Stadium in Shanghai, China from 15 to 21 July 2024. Matches were played as the best of 11 frames, except for the semi-finals, which were the best of 19 frames, and the final, which was the best of 21 frames. Players were seeded in the tournament by their world ranking following the 2024 Championship League, with the defending champion (O'Sullivan) seeded one and the reigning World Champion (Kyren Wilson) seeded two, so that the top ranked player (Mark Allen) was seeded three. The top eight seeded players received byes to the second round. Each invited Chinese player faced one of the players seeded 9‍–‍16 in the first round.

The tournament was broadcast by local channels in China, Thailand, and Hong Kong, by Eurosport and Discovery+ in Europe, and by Matchroom Sport in all other territories.

The co-organiser of the tournament, the Chinese Billiards and Snooker Association (CBSA), has two nominated places for the top domestically ranked players and another two wildcards for the finalists of an open qualifier event. The qualifier was held at the CITIC Square [zh-cn] on 28th June.^{[citation needed]}

The total prize fund was £825,000, with the winner receiving £210,000. The breakdown of prize money is shown below: