Vice Minister of Commerce Gao Yan said at the signing ceremony that in 2003, the Mainland and Hong Kong signed CEPA. Over the past decade or so, CEPA's preferential measures have achieved remarkable results. CEPA is a successful practice of the principle of "one country, two systems" in the economic field, which has deepened the economic and trade cooperation between the mainland and Hong Kong and promoted the economic prosperity of Hong Kong and the reform and opening up of the mainland.
The Investment Agreement is a brand-new sub-agreement of CEPA, which comprehensively covers investment access, investment protection and investment promotion, conforms to the principle of "one country, two systems", conforms to international rules, has a high degree of openness and great protection, and will provide a more systematic and institutionalized guarantee for economic and trade exchanges and cooperation between the two places.
The Economic and Technical Cooperation Agreement covers the comprehensive arrangement and update of CEPA and its supplementary agreement 10, and puts forward new cooperation contents according to the actual needs of economic and trade cooperation between the two places, including setting up a separate chapter on "Belt and Road" cooperation for the two places to participate in the "Belt and Road" construction, and further deepening the cooperation between the two places in finance, culture, small and medium-sized enterprises and intellectual property rights.
Extended data:
Strengthening financial cooperation between Hong Kong and the Mainland;
With the closer cooperation between Hong Kong and the Mainland, many first-tier cities in the Mainland, such as Shenzhen, Guangzhou and Shanghai, have developed financial services. We can consider opening up cooperation between local financial institutions and Hong Kong financial institutions, and setting up joint ventures or wholly-owned companies locally to help mainland enterprises issue bonds and financing guarantees overseas.
Approved qualified overseas financial institutions can provide consumer finance, financial leasing, microfinance and other services; Promote opportunities for cross-border fund cooperation, enhance the internationalization level of mainland fund business and global asset allocation capacity, and strengthen cooperation between Hong Kong and mainland fund platforms. On the one hand, it can improve product development and management capabilities, on the other hand, it can promote mutual recognition of funds, strengthen the construction of its own investment platform, and attract overseas capital inflows with the help of overseas fund sales platforms.