Ministry Of Finance: Zero Tariff Products Will Be Extended To Hong Kong.

Reporter J recently learned from the Ministry of finance that as of the end of July 2014, the Ministry of finance has issued 96 billion yuan RMB bonds in Hongkong for six consecutive years and seven times.

According to the approved RMB bond issuance plan approved by the State Council in 2014, the Treasury will continue to issue 12 billion yuan of treasury bonds in Hongkong in the following months.

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Hongkong's response to the impact and impact of the international financial crisis has consolidated and promoted the status of Hongkong's international financial centre. Since 2009, the Ministry of finance has continuously issued RMB bonds in Hongkong, combined with the needs of the development of Hongkong's RMB bond market.

He said that in line with the development needs of Hongkong's RMB market, we should reasonably determine the scale of issuance of RMB bonds, innovate and improve the issuing mechanism of RMB bonds, and better play the market benchmark role of RMB bonds.

In terms of fiscal and taxation policies, the Ministry of Finance said that after several years of intensive consultation and consultation, the mainland has imposed zero tariffs on 1799 Hongkong products so far.

In March 2014, the Ministry of Finance jointly formulated with the State Administration of taxation the "comprehensive experimentation area" of Hengqin New District, Fujian and Pingtan, Guangdong.

From January 1, 2014 to December 31, 2020, the enterprise income tax preferential policies and preferential catalogues of Qianhai Shenzhen Hong Kong modern service industry cooperation zone have been levied on tax incentives for industrial enterprises at a tax rate of 15%, so as to promote the investment of Hongkong enterprises and investors and promote the integration and development of the mainland and Hongkong.

At the same time, a series of preferential tax policies such as personal income tax, business tax, value-added tax and consumption tax of Qianhai Shenzhen Hong Kong modern service industry cooperation zone and Hengqin new area have been formulated and promoted the regional economic integration of Guangdong, Hong Kong and Macao.

The Ministry of Finance said that it will continue to carry out consultations on the zero tariff origin standards in accordance with the relevant provisions of CEPA and its supplementary agreements, further expand the scope of zero tariff products to Hongkong, support the sustainable development of its traditional industries and encourage the healthy development of new industries.