Bilateral Agreement Hong Kong

IIA Mapping Project The IIA Mapping Project is a cooperative initiative between UNCTAD and universities around the world to represent the content of IIAs. The resulting database serves as a tool to understand trends in the development of the IIA, assess the prevalence of different policy approaches and identify examples of contracts. The “Mapping of IIA Content” allows you to browse the results of previous projects (the page will be updated regularly when the new results are updated). Please cite as: UNCTAD, Mapping of IIA Content, available under investmentpolicy.unctad.org/international-investment-agreements/iia-mapping For more information: Project page Mapping Project description and methodological document WASHINGTON – The Trump administration on Wednesday suspended or denounced three bilateral agreements with Hong Kong regarding extradition and tax exemptions, the latest in a series of measures that have exacerbated tensions between Washington and Beijing. The agreement highlights the Chinese government`s desire to give Hong Kong privileged access to the Chinese banking market by 2007. CEPA facilitates Hong Kong banks` access to the Chinese market and gives them a comparative advantage over foreign banks until the end of the wto implementation schedule (see Annex 3). However, it does not remove all restrictions that apply in the banking sector, in particular for renminbi transactions. for Hong Kong CEPA banks: it must have an essential activity, the proof of which is based on an analysis of four different criteria: the nature and extent of the operations carried out in Hong Kong, the liability vis-à-vis Hong Kong income tax, at least three years of existence and activity (five years in the construction and mechanical engineering sector, B. no such conditions for real estate agencies) and the presence of fully owned or rented offices; simple “mailboxes” being excluded from the benefits of the agreement. List of multilateral agreements in force and applicable to the Hong Kong Special Administrative Region (situation at 9.9.2020) 19The definition of “Hong Kong enterprises” has been a central theme in the negotiations on this clause of the agreement, especially since the GATT and WTO texts on this subject are not very detailed. The two sides finally agreed on a pragmatic and open definition based on participation in the economic activity of the SAR and not on the nationality of the owners of capital. Annex 5 of CEPA contains a definition of a Hong Kong enterprise with variable parameters depending on the service sector concerned, based on three criteria: Hong Kong residents of Chinese nationality may practise their profession in mainland China without prior agreement after obtaining the professional diploma of actuaries in mainland China.

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