Which
Service Sectors Covered by CEPA?
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| 1. |
Accounting: Permits
allowing Hong Kong companies to conduct auditing services in Mainland China. Accounts from Hong Kong who
have qualified and practised on the mainland will be treated as
Mainland accountants.
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| 2. |
Advertising: Firms
from Hong Kong can establish wholly-owned advertising companies
on the mainland.
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| 3. |
Audiovisual: Chinese
language movies produced in Hong Kong can be distributed on the
mainland and be exempted from the quota of 20 films per year under
China's World Trade Organization commitments. Movies co-produced
with the mainland will be treated as mainland films.
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| 4. |
Banking: The asset
requirement for banks to establish branches on the mainland is reduced from US$20 billion to US$6 billion only.
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| 5. |
Conventions: Hong Kong
companies can set up wholly owned operations, convention and exhibition
services.
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| 6. |
Construction and Real Estate:
Hong Kong firms can set up wholly-owned operations.
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| 7. |
Distribution (excluding tobacco):
Hong Kong firms providing distribution services such as retailing
or franchising can set up wholly-owned operations. Hong Kong car
dealers can set up wholly-owned retail operations in the mainland
with up to 30 outlets.
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| 8. |
Freight Forwarding:
Hong Kong firms can operate on a wholly-owned basis and enjoy equal
treatment as mainland companies for the minimum registered capital
requirements.
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| 9. |
Insurance: Maximum
limit of capital participation by a Hong Kong insurance firm in
a mainland insurance firm is 24.9%. Hong Kong insurance
agents with mainland professional qualifications can practise there.
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| 10. |
Legal: Hong Kong lawyers
can work for mainland firms. Minimum requirements for Hong Kong
representatives on the mainland are waived for those operating in
Shenzhen and Guangzhou and shortened to two months for other areas.
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| 11. |
Logistics: Hong Kong
companies can set up wholly-owned operations on the mainland.
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| 12. |
Management and Consultancy:
Most companies can set up wholly-owned enterprises on the mainland.
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| 13. |
Medical and Dental:
Hong Kong doctors can work on the mainland for up to three years.
Hong Kong medical workers can sit exams to work on the mainland.
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| 14. |
Securities: Hong Kong
Exchanges and Clearing can set up a representative office in Beijing.
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| 15. |
Storage and Warehousing:
Hong Kong companies can operate on a wholly-owned basis on the mainland.
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| 16. |
Telecommunications:
Hong Kong companies can set up joint-venture enterprises on the
mainland. There will be no geographic restriction for joint-venture
enterprises formed by Hong Kong service suppliers and the mainland
to provide value-added services.
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| 17. |
Tourism: Hong Kong
companies can run hotels or restaurants on the mainland on a wholly-owned
basis.
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| 18. |
Transport: Hong Kong
companies can operate on the mainland on a wholly-owned basis.
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