Off the wire
• China expected to revise securities law in 2015  • S. African woman appears in court for allegedly murdering musician  • First phase design complete for world's largest telescope project  • Another Bangladeshi national abducted from Libyan oil field  • Indonesian central bank: Weakening rupiah risks small on inflation, good for current account  • First fixed-wing aircraft for Antarctic research delivered to China  • Uganda's Mbabazi to coach Somalian national football teams  • Air force uses supersonic fighters to train pilots  • Dutch Minister and State Secretary quit following crime deal  • Uganda's FA renews contract of Serbian coach Sredojevic  
You are here: 　 Home

HK, Macao service providers to enjoy easier market access in Guangdong

Xinhua, March 10, 2015 Adjust font size:

South China's Guangdong Province will further facilitate market access for service providers from Hong Kong and Macao, the State Council, or the cabinet, announced on Tuesday.

Local authorities in Guangdong are required to make adjustments to regulations on administrative approval in order to boost service trade liberalization for investors from Hong Kong and Macao, according to a decision released by the State Council.

Businesses owned by Hong Kong and Macao investors will no longer be treated as foreign companies whose establishment or business conversion usually need to undergo examination and approval procedures, it said.

According to the decision, Guangdong will further open the local services industry to investors from Hong Kong and Macao under the Closer Economic Partnership Arrangement.

Adjustment is required for rules that regulate industries of telecommunications, joint school operation, sea transportation, entertainment, video gaming and civil aviation. Endi