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Trade and Industry Department The Government of the Hong Kong Special Administrative Region
Brand Hong Kong - Asia world city

Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA)

Investment Agreement (signed on 28 June 2017)

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Main text 1,2 Word format Pdf format
Annex 1 : Relevant Requirements on the Definition of "Investor" Word format Pdf format
Annex 2 : Schedules of the Mainland and Hong Kong Word format Pdf format
Annex 3 : Expropriation Word format Pdf format

1 When the Hong Kong Special Administrative Region ("HKSAR") adopts a measure of "expropriation" under Article 11 (Expropriation) of the Investment Agreement, the HKSAR shall be considered as having fulfilled its obligation of providing "real value" compensation for the expropriated investment under paragraphs 1 and 2 of Article 11 (Expropriation) if compensation equivalent to the real value of the expropriated investment at the time is provided to the Mainland investor in accordance with Article 105 of the Basic Law of the HKSAR of the People's Republic of China.

2 The Mainland and Hong Kong have established the mediation mechanism in accordance with sub-paragraph 1(v) of Article 19 (Dispute Settlement between a Hong Kong Investor and the Mainland) and sub-paragraph 1(iv) of Article 20 (Dispute Settlement between a Mainland Investor and Hong Kong) of the Investment Agreement.