The article analyses the characteristics of financial services,trading and logistics,tourism,and other leading industry in Shanghai and Hong Kong after the financial crisis.It preliminary concludes the strategic positioning and decision-making,the stage process and target of the Shanghai Free Trade Zone,as well as,the challenges and the affection to the Hong Kong free trade port.It has summarized the trade policy,the developed financial systems,the efficient customs clearance measures,the investment environment,and other experiences that supporting the development of Hong Kong's free port for the Shanghai Free Trade Zone.Anymore,it also explores the new positioning and internationalization paths about the financial center of Shanghai and Hong Kong with the context of the internationalization of RMB. <<