English Story

大陆与香港签署新合作协议

The Chinese mainland and Hong Kong inked two agreements on investment as well as economic and technical (Ecotech) cooperation in Hong Kong on Wednesday.
 
本周三,中国大陆与香港签署两份关于投资和经济技术合作方面的协议。
 
Signed between the Hong Kong Special Administrative Region government and the Ministry of Commerce, the new agreements were under the framework of the mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA).
 
Chinese Vice Minister of Commerce Gao Yan said at the signing ceremony that the two new deals were important to upgrade the content of CEPA, and reflected the central government's support to Hong Kong's economic development and long-term prosperity and stability. 
 
Financial Secretary of the HKSAR government Paul Chan said this year marks the 20th anniversary of Hong Kong's return to the motherland, and the huge economic benefits brought by CEPA highlighted the successful implementation of the "one country, two systems" policy, showing Hong Kong and mainland can achieve win-win outcome based on complementary advantages. 
 
The two agreement came into effect on the day of signing, with that on investment to be implemented from January 1, 2018.