Signing of document to further enhance opening-up

The Ministry of Commerce and the Hong Kong Special Administrative Region government on Wednesday signed amendments to further enhance the mainland's level of liberalization of trade in services with Hong Kong under the framework of the Closer Economic Partnership Arrangement.

The amendments, slated to take effect on March 1, gave finishing touches to a new round of revision consultations on the CEPA among the ministry, relevant departments and the HKSAR government that were initiated by the Ministry of Commerce last year and completed in July.

At the heart of the revision is a whole package of new opening-up measures making it easier for Hong Kong service suppliers and professionals to set up enterprises and develop businesses on the Chinese mainland, with most measures piloted in the Guangdong-Hong Kong-Macao Greater Bay Area to facilitate the regional institutional connectivity before putting it into practice across the nation.