New Measures Announced to Boost Economic Ties with Hong Kong
The Central Government announced new measures that will boost economic ties with Hong Kong. The move will push forward joint ventures between stock exchanges in Hong Kong, Shanghai and Shenzhen as the city prepares to mark its 15th year anniversary of its return to the motherland.
The Chinese mainland will also be encouraging more foreign investors to make trade settlements and invest further in renminbi and the yuan in Hong Kong. Other financial policy that will improve the variety of any offshore yuan services and facilitates long term investment from Hong Kong is also being discussed. The terms of trade and economic cooperation, the Chinese mainland will be signing a new appendix agreement in the Closer Economic Partnership Arrangement with Hong Kong.
Hong Kong enterprises will be encouraged by the Central Government to invest more and coordinate promotions with airports, train systems and harbors around the Pearl River Delta. The Mainland will also ease restrictions on SMEs that are operated by Hong Kong residents and will allow then to expand offices and hire additional staff.
Hong Kong along with mainland universities will expand their campuses and encourage exchanges between students and faculty. Colleges in Hong Kong are also invited to set up institutions in Guangdong.