Hong Kong and China are working together for dual development and cooperation to provide more coordinated financial services between Hong Kong and Shanghai.

The signing of the Memorandum of Understanding (MOU) acknowledges Hong Kong as a long standing international financial center but also, as quoted in the Ventures post, as experienced in facilitating financial institutions in Mainland China to become more international.  Shanghai brings to this relationship its ability to mobilize capital as well as talent. 

More information can be found on the Ventures website.