Yes. Yes. There are many English films in the city with original voice and Chinese subtitle. As JH and I discussed under the article Mona Lisa Smile, China is following the international tradition to show the original film now. Many foreign films like Fanfan La Tulipe are introduced.
Here are some website you can get film information in Shanghai:
Tickets.com.cn (Chinese site)
My favorite is the Kodak Super Cinema in Metro City. They are so far the most professional theater I saw.
For example, the UME in Xintiandi I went the day before yesterday is not as professional. Why? The devil’s in the details. I see a big space for the management of the theater to improve. The design of the theater is very cool. So does the poster. But the schedule was printed in normal A4 paper causually and posted everywhere. Many of them are broken already. It is the minor things like this that damages the brand of UME or any theater.