CEPA boosting Hong Kong´s economic prosperity

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Alan Wong, dep. exec. director HK Trade & Development council, said, "CEPA's terms are much better than the WTO conditions. And now the Chinese mainland is our No. 1 market with the greatest potential. Especially for the service industry. The arrangement really opened a new market for us."

Figures show CEPA induced additional capital investment of just under 5 billion HK dollars in the service sector in 2005 and 2006. That's a rise of nearly 400 percent over 2004.

Tourism has also regained vitality because of the Individual Visit Scheme under CEPA. In 2006 alone, more than half of the 25 million visitors to Hong Kong came from the Mainland.