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China eases access for HK investors
By Wang Yanlin |
May 27, 2010, Thursday
|
Online Edition
Online Edition
CHINA'S easy access for Hong Kong investors will be further expanded to strengthen cooperation between the mainland and the city.
The Chinese central government today signed Supplement VII to the Mainland and Hong Kong Closer Economic Partnership Arrangement, representing its seventh expansion since 2004, with the government of the Hong Kong Special Administrative Region.
The deal takes effect from January 1 next year, giving Hong Kong firms greater and easier access to the mainland market in medical services, technical testing, specialty design, distribution, banking, securities, construction, and tourism sectors.
It provides 35 market liberalization and trade and investment facilitation measures across 19 sectors.
For example, medical service providers will be able to establish solely invested hospitals in Shanghai and Chongqing, and the provinces of Guangdong, Fujian, and Hainan under the deal.
Also, Hong Kong banks which have operated a representative office in the mainland for more than one year can apply to set up a branch in the mainland.
The Chinese central government today signed Supplement VII to the Mainland and Hong Kong Closer Economic Partnership Arrangement, representing its seventh expansion since 2004, with the government of the Hong Kong Special Administrative Region.
The deal takes effect from January 1 next year, giving Hong Kong firms greater and easier access to the mainland market in medical services, technical testing, specialty design, distribution, banking, securities, construction, and tourism sectors.
It provides 35 market liberalization and trade and investment facilitation measures across 19 sectors.
For example, medical service providers will be able to establish solely invested hospitals in Shanghai and Chongqing, and the provinces of Guangdong, Fujian, and Hainan under the deal.
Also, Hong Kong banks which have operated a representative office in the mainland for more than one year can apply to set up a branch in the mainland.
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