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Mainland Announces 16 Facilitation Measures for Hongkongers in Greater Bay Area

Following the meeting of the Leading Group for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) chaired by Chinese Vice Premier Han Zheng in Beijing on 6 November, the Central Government announced 16 policy measures to offer further convenience to Hongkongers developing their careers, working and living in the mainland cities of the GBA, as well as enhance the convenient flow of people, goods and capital within the GBA.

The 16 measures are outlined below:

Policies and measures benefiting members of the public

1. Facilitating property purchases by Hong Kong residents in the mainland cities of the GBA

2. Supporting the use of mobile electronic payment by Hong Kong residents on the mainland

3. Pilot scheme for Hong Kong residents to open mainland personal bank accounts in the GBA remotely by attestation

4. Ensuring that the children of Hong Kong and Macao residents enjoy the same education as those of mainland residents

5. Exploring the establishment of a cross-boundary wealth management scheme

6. Facilitating non-Chinese Hong Kong permanent residents to travel to and from the mainland cities in the GBA

7. Permitting the use of Hong Kong-registered drugs and common medical devices in designated Hong Kong-owned healthcare institutions in the GBA  

Policies and measures supporting professional services

8. Measures on partnership associations by Hong Kong and mainland law firms, legal consultants and special examination

9. Further extending the scope of mutual recognition of qualifications for construction professionals

10. Expanding the scope of liberalisation measures for construction professionals from Hong Kong and Macao to practise on the mainland 

11. Preferential treatment on insurance regulation

12. Removing the requirement on years of operating experience for Hong Kong service suppliers to provide insurance loss adjusting services on the mainland

13. Supporting bond market development in Hong Kong and Macao (catastrophe bonds)

Innovation and technology

14. Supporting the development of the Shenzhen-Hong Kong Innovation and Technology Co-operation Zone

15. Facilitating customs clearance of imported animal-derived biomaterials

16. Relaxing the limitation on exporting mainland human genetic resources to Hong Kong and Macao

The HKSAR Government said in a statement that it would follow up with the relevant central ministries and the Guangdong Provincial Government in a practical manner to implement relevant policies.

Source: HKSAR Government

Content provided by Picture: HKTDC Research
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