At the opening of the 2025 Lujiazui Forum, Zhou Xiaoquan, Executive Deputy Director of the Shanghai Municipal Financial Office, and Christopher Hui, Hong Kong's Secretary for Financial Services and the Treasury, signed the "Action Plan for Coordinated Development of International Financial Centers in Shanghai and Hong Kong" in Shanghai.Under the action plan, both cities aim to jointly promote the complementary development and mutual empowerment of the international financial centers, enhancing China's voice and influence in the global financial system.Related NewsUBS: Some Foreign Banks' Absence from NWD's Refinancing May Spark Concerns; CN Banks Can Fill Funding GapWith a total of 38 initiatives, the action plan focuses on six areas, including promoting interconnectivity of infrastructure between Shanghai and Hong Kong, jointly building a financial product and service system, and strategic complementarity of offshore finance between the two cities.