Director of Hong Kong Finance: Revised the CEPA service trade agreement to enhance Hon

Chen Maobo, director of the Financial Department of the Hong Kong Special Administrative Region Government, said that mainland China and Hong Kong have recently signed an agreement on the amendment of the "CEPA) Service Trade Agreement on Establishing a more close economic and trade relations (CEPA).Further enhances Hong Kong's competitiveness as a regional headquarters.

Chen Maobo published a blog on Sunday (October 13) stating that since the signing of CEPA in 2003, CEPA opened the convenient channel for the development of the mainland market to open up business for different industries and enterprises in Hong Kong.In response to market demand and the change of the industry, CEPA continues to optimize in exploration.In 2015, the mainland and Hong Kong signed a service trade agreement under the CEPA framework to basically achieve the service trade liberalization of the two places.In 2019, the first revision agreement was signed, which added open measures in multiple fields.

Chen Maobo said that this revision has made Hong Kong's advantages and attractions in service trade and professional services more prominent, further enhance Hong Kong's role in deepening economic and trade cooperation in mainland China and the world, and strengthen Hong Kong as "The functions of super contact "and" super -value -added people ".

Chen Maobo mentioned that since July this year, non -Chinese permanent residents can apply for a pass card in Hong Kong.Mainland Gongsan and Travel.According to the numbers of the Immigration Authority, as of the beginning of this month, the Hong Kong China Travel Institute has received about 48,000 relevant applications, and the Entry -Exit Administration has issued about 16,000 cards.

Chen Maobo said that this measure will further enhance the competitiveness of Hong Kong as the regional headquarters as a regional headquarters, and relax the entry threshold of Hong Kong -owned enterprises under CEPA, relax the major in financial and even legal arbitration in financial and legal arbitration.The qualification requirements in the service field will attract more foreign companies and professional service companies to choose to use Hong Kong as the stronghold to enter the mainland market; to provide entry convenience for non -Chinese permanent residents in Hong Kong, which can attract more overseas people to choose to choose Hong Kong in Hong Kong.For the residence so as to enter the mainland.