Government of the Hong Kong Special Administrative Region (HK) will allow the qualified securities firms of Mainland China which are approved by the China Securities Regulatory Commission (CSRC) to establish branches in HK.
Under the Supplementary Agreement VI of the Closer Economic Partnership Arrangement (CEPA) between the Mainland China and Hong Kong (Agreement), which was signed in HK on May 9, 2009, the mainland China will broaden the areas for HK service trade provider and improve economic and trade cooperation with HK. Also, number of the service fields covered by the CEPA is increased from 40 to 42.
Besides, the Mainland China also agreed to release 29 market opening measures, which will cover 20 service fields, including such major industries with development potential as tourism, banking, securities, exhibition, law, transportation, creative industries and etc.
The Agreement will take effect as of October 1, 2009.

(Source: Xinhua News Agency) (June.2th 2009)