To further deepen the financial cooperation between Shanghai and Hong Kong, the "Action Plan for the Coordinated Development of Shanghai Hong Kong International Financial Centers" was signed here on the occasion of the 2025 Lujiazui Forum. Wu Wei, member of the Standing Committee of the Shanghai Municipal Party Committee and Executive Vice Mayor, pointed out that we should continue to play the key role of Shanghai and Hong Kong in financial opening, financial development, and risk prevention, jointly promote market interconnection, innovative development of business models, and optimization and improvement of mechanisms, and jointly assist in the construction of a strong financial country. The Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan, stated that this action plan further clarifies the specific direction of Shanghai Hong Kong cooperation and injects new and richer content into the multi-level and multi field financial cooperation between the two places. Firstly, new measures to deepen interconnectivity; Secondly, highlight the support for mainland enterprises to "go global"; The third is to promote standard alignment and financial innovation. The action plan focuses on promoting infrastructure connectivity between Shanghai and Hong Kong, jointly building a financial product and service system, and strategic complementarity between Shanghai and Hong Kong's offshore finance, with a total of 38 measures. Next, Shanghai and Hong Kong will take the signing of the action plan as a new starting point, work together to promote mutual empowerment of the Shanghai Hong Kong International Financial Center, and jointly enhance China's voice and influence in the global financial system. In recent years, Shanghai and Hong Kong have continuously improved their financial cooperation mechanisms, worked together to promote the internationalization of the renminbi, strengthened infrastructure connectivity, and deepened cooperation in fields such as technology finance, green finance, and fintech. Shanghai and Hong Kong have played a key role in responding to changes in the external environment and promoting the construction of a new development pattern. (New Society)