PartnershipArrangement.PDFVIP

FSDC Paper No. 10 Policy Development Proposals on the “Mainland and Hong Kong Closer Economic Partnership Arrangement” 有關 《內地與香港關於建立更緊密經貿關係的安排》 的政策發展建議 September 2014 2014 年9月 1 Introduction 1. The Financial Services Development Council (“FSDC”) has conducted a study on the “Mainland and Hong Kong Closer Economic Partnership Arrangement” (“CEPA”), with a view to compiling a roadmap for enhancing the implementation of measures related to financial services under CEPA. The FSDC consulted industry professionals through questionnaires, seminars and interviews, on how to deepen the development of CEPA, especially in terms of providing support to the banking, securities, futures, asset management and insurance industries of Hong Kong. 2. During the consultation, we noted that there were views in the market that the establishment of the Shanghai Free Trade Zone might bring competitions to CEPA. However, from the opinion of industry professionals, our consultation concluded that the current CEPA framework still contains considerable room for development which can be further explored. We believe that the Shanghai Free Trade Zone should be seen as a sign that China is willing to accelerate and deepen its economic and financial reforms, which also implies that more liberalisation measures would be introduced in the future under CEPA. 3. This repor