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  CHINA WORLD 中國世界
Since 1 January 2020, setting up an enterprise on the Mainland has become more streamlined due to the introduction of an information reporting system to replace the examination and approval, record-filing and joint annual report systems for foreign-invested enterprises (FIEs). As a result, the procedures for setting up Hong Kong or other foreign-funded enterprises have been simplified. Except in certain restricted sectors – setting up a Hong Kong or other foreign-funded enterprise will no longer require examination, approval
or record-filing on the part of the relevant commerce department. Instead, records relating to the establishment of (and
any subsequent changes to) such an enterprise can be filed directly via a
one-stop e-government platform, with all required investment information submitted online to the relevant commerce department.
Trade pact set to widen market
co-operation and collaboration
Both locally and globally, the alignment
between political, economic and business
interests have suffered some drawbacks
due to the coronavirus crisis and other
geopolitical developments, there are also positive signs of countries and jurisdictions working together, particularly in Asia. Signed in November 2020, the RCEP brings together 15 economies in the Asia-Pacific region including China, Japan and South Korea — in a trade pact for the first time — plus Australia, New Zealand and Southeast Asia’s 10-member Association
of Southeast Asian Nations (ASEAN) to form a trading block that covers a market of 2.2 billion people. Equivalent to nearly 30% of the world’s population and accounting for one-third
of global GDP, RCEP is the largest ever trade association.
While Hong Kong is not a member economy of the RCEP, the city has expressed an interest in entering negotiations to
join, which has gained support from Beijing plus a number
of RCEP member states. While Hong Kong has long had close economic ties with individual RCEP members, including 13 Free Trade Agreements (FTAs), full membership could simplify trade between Hong Kong and virtually the entire APAC region. In the meantime, as trade between RCEP members increases, as one of the most externally-oriented economies on the planet, Hong Kong could extract gains from the pact in terms of additional logistics, trade and supply chain business.
貿易協定擴大市場合作和協作
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儘管新冠疫情和其他地緣政治發展打擊了本 地和全球政治、經濟和商業利益的協調,但不 同國家和司法區也有謀求合作的積極進展, 尤以亞洲區為然。在2020年11月簽訂的全面 夥伴關係協定,首次匯集包括中國、日本和韓 國在內的亞太地區15個經濟體,與澳洲、新西 蘭和東南亞國家聯盟10個成員國組成一個覆 蓋22億人口的貿易體系。佔相當於世界人口 近30%、全球生產總值三分之一的全面夥伴 關係協定,是有史以來規模最大的貿易同盟。 香港目前並非全面夥伴關係協定的成員,但 已表示有興趣加入談判,並已獲得北京和多 個協定成員國的支持。香港雖然長期以來與 個別協定成員國保持緊密的經濟聯繫,亦已 與協定中13個成員經濟體簽訂了自貿協定, 但成為正式成員可以簡化香港與整個亞太區 之間的貿易。同時,隨著全面夥伴關係協定成 員之間的貿易增加,香港作為全球最外向經 濟體之一,可以藉加入協定在物流、貿易和供 應鏈業務中發揮優勢。
ISSUE 119 • 2021
 “Since 1 January 2020, setting up an enterprise on the Mainland has become more streamlined due to the introduction
of an information reporting system to replace the examination and approval, record-filing and joint annual report systems for foreign-invested enterprises (FIEs).
 











































































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