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CEPA

CEPA
The Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) is an economic agreement between the government of Hong Kong and the Central People's Government of the People's Republic of China. Signed on June 29, 2003, it is a free trade agreement that allows qualifying products, companies and residents of Hong Kong preferential access to the mainland Chinese market.
The challenge for Hong Kong is to begin by clarifying our unique differentiating strengths, and leverage these in ways that will benefit the whole.
Greater Bay Area

Inside Out | Opinion: We must be part of Bay Area's rapid growth, or be left behind

Trade

Is Cepa dead? Hong Kong ‘must innovate’ to profit from China trade deal

HK handover 20th anniversary

Hong Kong gains China investment access with two trade deals

China's services market opens up further to Hong Kong professionals as finance officials sign expanded Cepa pact

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Service-oriented trade pact further opens Guangdong to Hong Kong firms

Hong Kong firms now have greater access to Guangdong and more freedom to operate there, under a new trade liberalisation agreement.

Jake's View | The joke is on Hong Kong in endless talks on Guangdong trade deal

It's 11 years and 17 talk shops since Hong Kong secured a so-called Closer Economic Partnership Arrangement (Cepa) with the mainland, and the sum total of the achievement so far is a photo of Guangdong party secretary Hu Chunhua laughing in delight with Hong Kong's Leung Chun-ying over some secret joke.

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CY Leung says Hong Kong is in discussions with Beijing over latest Cepa trade deal

Hong Kong and Guangdong are still working to tear down more barriers to cross-border trade in services, leaders of the two governments said, as business chiefs bemoaned the long wait for details.

Leung with Guangdong Party chief Hu Chunhua. Photo: SCMP

Cepa no help as Beijing set to ban city's accountants

First brokers, now accountants. Its been 10 years since the Closer Economic Partnership Arrangement (Cepa) was introduced, but the mainland market seems to be as elusive as ever for Hong Kong professionals.

China approves study of Hong Kong’s mutual product recognition study

Beijing has endorsed the study of a Hong Kong government plan for the mutual recognition of fund products that would allow Hong Kong-domiciled funds to be sold on the mainland and vice versa.

Opinion | Bar set too high for Hong Kong firms wanting mainland China access

The Closer Economic Partnership Arrangement (Cepa) has been a bit of a disappointment to city businesses seeking access to potentially lucrative mainland markets. To bring any real benefit to Hong Kong, the mainland regulator must be willing to cut the red tape.

Under Cepa, Hong Kong firms still have to go through painful approval procedures to access mainland market. Photo: Mandy Tse

Making the best of Hong Kong's free-trade deal

Of all the changes Hong Kong has gone through since the handover, the shift in the economy is the most remarkable.

Our economy risks becoming overdependent on the mainland. The influx of cash-rich mainland visitors has fuelled tension and animosity. Photo: SCMP
Focus

Beijing will maintain sweeteners in Cepa pact with Hong Kong, say analysts

While questions are raised about the diminishing effectiveness of the Closer Economic Partnership Arrangement, analysts do not expect the economic goodies from the mainland to dry up any time soon.

Focus

Beijing fails to win hearts and minds of Hongkongers with Cepa trade pact

From the very beginning, the Closer Economic Partnership Arrangement was more than simply helping out Hong Kong's battered economy in the wake of severe acute respiratory syndrome (Sars) and the Asian financial crisis.

Cepa not a big success story for many Guangdong enterprises

The popular belief was that Hong Kong capital and professional expertise would help upgrade the neighbouring province's service and financial sectors, improve its industrial infrastructure and support manufacturing, keeping the Pearl River Delta at the forefront of the nation's economic reform.

For many Guangdong enterprises, Cepa has failed to bring the expected economic benefits.

Pioneering doctor answers the call to head to mainland China

Despite complicated procedures and high start-up costs, Dr Hubert Wong Chi-ho has no regrets about opening his pioneering clinic in Shenzhen.

Dr Hubert Wong Chi-ho

We're second-class citizens in mainland China, says Hong Kong lawyer Thomas So

Veteran solicitor Thomas So Shiu-tsung has a legal qualification from the mainland, but says he and fellow Hong Kong lawyers are nothing more than "second-class citizens" across the border.

Hong Kong architects of mainland China projects don't have total control

It has been a steep learning curve for Hong Kong architects like Felix Li Kwok-hing, who has spent half his time working on the mainland since Hong Kong qualifications were recognised across the border.

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Cepa doesn't add up to much for accountants

Hong Kong's accountants no longer have to spend quite so long with their heads in books to qualify to work on the mainland. But Cepa has yet to help them get senior roles.

Philip Tsai Wing-chung
Focus

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.

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