The CEPA Subsidiary Agreement achieves basically free trade with Guangdong for Hong Kong services suppliers. The agreement further widens the transportation and tourism services market in Guangdong for Hong Kong companies. It adopts a negative-list approach, stipulating that Hong Kong companies are accorded the same rights as mainland companies in Guangdong, except for those restrictions laid down in the negative list.
The “One Belt, One Road” initiative aims to promote connectivity in infrastructure, resources development, industrial co-operation, financial integration and other fields along the Belt and Road countries. These strategic objectives are also closely connected to the “going out” strategy. The “One Belt, One Road” initiative, with its extensive reach across a number of regions, represent clear development opportunities for Hong Kong.
The growth of video-on-demand services, both in Asia and beyond, has had huge impact on the film industry over the last 12 months, while the next year may well be focussed on assessing the impacts of China's streaming legislation.