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Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA)
Supplement II to CEPA (signed on 18 October 2005) (CEPA III)
Note : The Mainland and Hong Kong submitted a joint communication regarding the provisions of the Supplement II to CEPA to the World Trade Organisation (WTO) on [3 January 2006.] The English translation of the Supplement II to CEPA circulated to other WTO members is posted on this webpage.
The Supplement II to CEPA was signed in Chinese language, and only the Chinese version is authentic.
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Note:
With effect from 18.1.2006, the average level of operating funds required of individual Mainland branches of Hong Kong incorporated banks for offering reminbi and foreign currency businesses to local customers has been revised from RMB 500 million to RMB 400 million with effect from 18.1.2006. The minimum level of operating fund of RMB 300 million required of an individual branch, however, remains unchanged.
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