The tricky business of trading places, thanks to Hong Kong-mainland Cepa deal
The sweeping changes in Causeway Bay are one of the most visible signs of the effects of the Closer Economic Partnership Arrangement (Cepa), a free-trade agreement between the central government and Hong Kong signed a decade ago this month. The deal, agreed in the wake of the severe acute respiratory syndrome outbreak that left Hong Kong on its knees, was intended to pry open the expanding mainland market for Hong Kong businesses.