Under the agreement, 273 classes of goods of Hong Kong origin will be exempt from tariffs from January 1. These include electrical and electronics products, plastic and paper articles, textiles and clothing, chemical products, pharmaceuticals, clocks and watches, jewellery, cosmetics and metal products. By January 1, 2006, all manufacturers in Hong Kong will enjoy zero tariffs. The agreement also liberalises market access for Hong Kong companies in 17 commercial services including: management consulting, conventions, advertising, accounting, construction and real estate, medical and dental, distribution, logistics, freight forwarding, storage and warehousing, transport, tourism, audiovisual, legal services, telecommunications, banking, securities and insurance. Residents of Dongguan, Foshan, Zhongshan, Guangzhou, Shenzhen, Zhuhai, Beijing and Shanghai are allowed to apply for travel to Hong Kong on an individual basis. By July, all Guangdong residents will be allowed to do so. Hong Kong banks will be able to offer yuan-denominated services in deposits, credit cards, remittances and foreign exchange starting next year. The Trade and Industry Department has received 38 applications from service companies wanting to be certified under Cepa and has approved 10.