The Shanghai Museum and the British Museum are to cooperate on a series of exhibitions.
An agreement signed during British Prime Minister Gordon Brown's visit to the city also includes exchanging items and sharing skills.
The exhibitions will include "Ancient Greece and the Olympic Games" in Shanghai in April, and "Ancient bronze and jade wares" in the UK in February 2009.
During the 2010 World Expo, the British Museum will hold an exhibition on Ancient India in Shanghai in conjunction with London's Victoria and Albert Museum.
Chen Xiejun, curator of the Shanghai Museum, said the two museums had been sharing expertise since last May.
Chinese painting and calligraphy experts are helping compile an index of Chinese painting and calligraphy masterpieces in the British Museum, giving more people the chance to see the works on the Internet, Chen said.