24 Oct 2018
In the case of Hong Kong businesses looking to invest on the Chinese mainland, which takes precedence - CEPA or the overall Negative List for foreign investment access?
China’s Special Administrative Measures for Foreign Investment Access (Negative List) (2018 Edition) came into effect on 28 July this year and outlines the sectors of the mainland economy where overseas investment is prohibited. By default, overseas investors in all non-specified sectors are granted the same rights and entitlements as local business operators.
In the case of Hong Kong companies, in line with the stipulations of CEPA - The Mainland and Hong Kong Closer Economic Partnership Arrangement - and its supplements, in those instances where preferential terms are specified, these take precedence over those specified with regard to the overall Negative List.
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