Page 50 - 2017 Special Report

Hong Kong Special Administrative Region
East Asia?? Logistics and Financial Hub
Situated at the southeastern tip of Chi-
of East Asia. Since its return to the Chinese Mainland in
1997, the special administrative region has been a model
for the success of the ??ne Country, Two Systems?? policy.
Hong Kong is the world?? 10th largest trading economy,
6th biggest foreign exchange market and, with its service
sector accounting for more than 90 percent of GDP, the
world?? most service-oriented economy, according to the
Hong Kong Development and Trade Council.
Hong Kong encompasses Hong Kong Island, the
Kowloon Peninsula and the New Territories. Parts of the
region consist of the most densely populated places in
the world, while others are quite rural. Approximately 88
percent of the population speaks Cantonese as their first
language, rather than the mainland?? official language of
Mandarin Chinese.
Economy
Major economic sectors of Hong Kong include: trade
and logistics, tourism, financial services, professional
services and other producer services. Mainland China
is Hong Kong?? largest trading partner and the largest
source of external direct investment into Hong Kong.
Its relationship covers a wide range of activities
ranging from traditional areas such as imports/exports,
wholesale and retail, banking and transport and
warehousing, to newer areas such as real estate, hotels,
financial services, manufacturing and infrastructure
development.
Spotlight on CEPA?? Tenth Supple-
ment
In December 2001, after China?? accession to the
WTO, Hong Kong proposed an arrangement with
mainland China similar to a free trade agreement. By
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2002, the official term, Closer Economic Partnership ä¸???©æ???????çº? 为ä???¼ºé¦?¸¯ä¸?¸­?½å¤§??????ä¸?????ï¼?¸­??
Arrangement (CEPA), was confirmed.CEPA promotes ä¸?¤®?¿å????æ¸??????¿å??¿å?äº?2013å¹?8??29??
closer integration and development of the PRD through é¦?¸¯???äº?¸­?½å¤§??????ï¼??äº??äº???ºç?ä¸?? 签署?? na, Hong Kong is at the center trade in goods and services, investment facilitation and ?°å¸¦???ä»?1997å¹´å?å½?¸­?½å¤§??????é¦?¸¯?¹å?è¡?? ï¼?EPAï¼?>è¡¥å?????????该å?è®?·²äº?2014å¹?1??1?¥æ?
tourism. ?ºå·²ç»??为â????½ä¸¤?¶â???ç­?????è¡???¸è??????? å¼???½ã??
æ¸?´¸???å±????????é¦?¸¯????????¤§è´¸æ?ç»??ä½??
The basic objectives of CEPA are to phase out ç¬??大å?æ±???ºï??¶æ??¡è?ä¸??»å?¼å??¨æ¸¯??º§?»å?¼ç?æ¯? ??EPAè¡¥å??????????°æ???28ä¸?????ä¸?æ­¥æ?å®?
tariffs and non-tariff barriers on trade in commodities, ???è¿?90%ï¼??ä¸??ä¸???¡è?ä¸?????大ç?ç»??ä½???
liberalize trade in services and reduce and eliminate all äº???ºå??¥ç??¡ä»¶ï¼?
discriminatory measures to boost trade and investment é¦?¸¯?°å????é¦?¸¯å²????é¾??å²???°ç????æ¸????
in the Greater PRD.For manufacturing industries, CEPA ?°å???????人å???å¯??????ºä?ä¸?ï¼????ä»???ºå??? ???ï¼???EPAè¡¥å?????????å¢????????é¢??
allows the vast majority of manufactured goods that 常å??»ã???æ¸?¤§çº?88%人å????ä¸?è¯????²¤è¯?????å¤?
meet Hong Kong rule of origin and CEPA specifications ???å®??è¯????????? ????¾æ??½ã???è¡¥å????è¿??许é?æ¸??æ¾³é?????¡æ?ä¾?
into the Chinese mainland duty-free. In the service
sector, CEPA gives Hong Kong companies in specified ç»????? æ³?? ???
sectors preferential access to markets.
é¦?¸¯ä¸»è?ç»??产ä????è´¸æ?ä¸??æµ????游ã????? 建ç? ???
To enhance cooperation between Hong Kong and ??????ä¸???¡å??¶ä???º§???ç­???¸­?½å¤§???é¦?¸¯??
Mainland China in the services sector, the Chinese 大ç?è´¸æ?ä¼?¼´ï¼?????大ç?å¤???´æ?????¥æ???¤§??? 计ç??ºå??¶ç??³æ??? ?¶è?
central government and the government of the Hong é¦?¸¯ä¹?????ä½??????´å¹¿æ³?????å¦???ºå???????
Kong Special Administrative Region signed the ??enth ?????è¡?????è¾??ä»??ç­??ç»?????????°äº§??? ?¿å?äº? è¯??
Supplement to the Mainland and Hong Kong Closer åº????????¡ã?????????ç¡?设æ?建è?ç­??é¢????
Economic Partnership Arrangement?? (CEPA) on August å¸??è°?? ?»é????
29, 2013, which took effect on January 1, 2014. ???ï¼?EPAè¡¥å??????
?????éª???????? 社ä????
The Tenth Supplement further relaxes the market 2001å¹?12???继中?½å??¥ä???´¸???ç»?????é¦?¸¯
access conditions in 28 existing sectors, namely: ?¹å?è¡???ºæ??ºä?ä¸?????建ç?ä¸?ä¸?±»ä¼¼è??±è´¸???å®?? 人å????ä¸???? ??¸¸
å®????2002å¹´ï?å®??ç¡??æ­¤å?å®????§°ä¸ºâ??»ºç«??ç´§å?
· Legal ç»?´¸?³ç³»????????CEPAï¼???EPA?´å?äº??强é?æ¸?? 建ç??©æ?æ´? ??¨±
· Construction ???è§???ºç????ä¸???¡è´¸???ä¿??è´¸æ????便å??????
· Computer and related services 强æ?游å?ä½??使ç?ä¸???°å?????´å¿«ï¼??ç³»æ???´§å¯??? ??½± ä½??
· Real estate
· Market research CEPA????????????段å?æ¶?????è´¸æ????ç¨?? ?°å? æµ·ä?è¿??
· Technical testing & analysis services ???ç¨?????ä¿?????è´¸æ??????????????¤æ????è§?
· Placement and supply services of personnel ?§æ??½ï??¨è?大ç?ä¸???°å???´¸????????¸ºäº??è¿?? ä¼?? ??©ºè¿??
· Building-cleaning ??????ï¼?EPA???大é?满足é¦?¸¯??º§?°è?å®??CEPA
· Photographic è¦????????????³ç?è¿??ä¸?????å¸????????ä¸?? ç¬?????è¯? ??·¯è¿??
· Printing CEPAä¼?????ä»????????è¡?????æ¸???¸è??¥ä¸­?½å?
· Convention and exhibition ?°å??ºã?? ?µä¿¡ è´§è?代ç?
· Translation and interpretation services
· Telecommunications è§?? ???代ç?
· Audiovisual
· Distribution ???æ·±å?å¸??æµ·å????æµ·å?æ¨???°å?è¯??设ç????娱ä?
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