Mainland China'S Liberalization Of Trade In Services In The Late 12Th Five-Year

Due to global

On the morning of August 17th (August 17th), the Standing Committee of the Political Bureau of the CPC Central Committee and vice premier Li Keqiang announced a series of 36 policy measures by the central government to support Hongkong's further development and deepen cooperation between the mainland and Hongkong in the 12th Five-Year national plan for development of the two countries' economic and trade cooperation forum.

Two services in 2015

In terms of economic and trade, the "36 points" put forward that we will further expand the opening of trade in services to Hongkong, and propose that the mainland should basically realize the self service of trade in Hongkong through the "Closer Economic Partnership Arrangement" (CEPA) between the mainland and Hongkong at the end of 12th Five-Year.

He said he would hold consultations and sign the CEPA supplementary agreement eight this year.

It is understood that in June 29, 2003, the central government and the Hongkong SAR government signed the "mainland and Hongkong Closer Economic Partnership Arrangement", covering three aspects: goods trade, service trade and trade facilitation.

From 2004 to 2010, the first seven supplementary agreements were signed in turn.

In addition, the 36 article points out that it will continue to support

The central government will also support Hongkong railway to deepen cooperation with Beijing, Shanghai and Shenzhen on subway construction and operation, and expand to Hangzhou and other cities.

The 12 financial measures are "strong" in Renminbi.

In the financial field, the central government has introduced 12 measures related to finance, including 7 measures to facilitate offshore RMB business, including revising the management of foreign investment projects, allowing Hongkong to invest in the mainland by holding renminbi businesses, and allowing foreign investors to invest in the domestic securities market in the form of Renminbi qualified overseas institutional investors (RQFII).

In the development of offshore RMB bond market, the central government said that issuing Renminbi bonds in Hongkong would be a long-term institutional arrangement and would gradually expand the scale of issuance.

The central government also announced the increase of domestic financial institutions and the size of bonds issued by these institutions to the issuance of Renminbi bonds in Hong Kong, and allowed domestic non-financial enterprises to issue Renminbi bonds in Hongkong.

The above measures have greatly promoted the development of offshore RMB market and encouraged the creation of RMB financial products.

In the securities market, the central government will launch the Hong Kong stock portfolio ETF (Exchange Traded Fund) in the mainland and continue to support mainland companies to list in Hongkong.

These measures have released important signals for the Hongkong stock market as an important fund-raising platform for mainland enterprises and the indirect participation of mainland securities investors.

In the insurance industry, the central government explicitly supports Hongkong's insurance companies to enter the market by setting up business institutions or participating shares, which will help the industry open up more business opportunities.

"36 highlights of Hong Kong"

The mainland's establishment of Hong Kong stock ETF. HK enterprises can invest RMB FDI. HK capital can apply for RQFII, initial 20 billion yuan.