Guangdong launches consultation on free-trade zone measures, with focus on cooperation with Hong Kong and Macau

Guangdong has launched a public consultation on how to manage its planned free-trade zone, with a focus on cross-border collaboration with Hong Kong and Macau and the setting up of a supervisory body.

But an expert has already cast doubts on its proposed measures, questioning its complicated governance structure and whether the Guangdong FTZ has any chance of doing better than China's first FTZ in Shanghai.

Guangdong's Legislative Affairs Office released its proposed China [Guangdong] Free Trade Zone Pilot administrative measures on Monday.

The proposed measures feature moves to eliminate or relax restrictions targeting Hong Kong and Macau investors and allow more recognition for professionals from the two territories to practise in the Guangdong FTZ.

The Guangdong government will also explore ways to bridge the social security systems of Hong Kong and Macau residents who live and work in the FTZ.

These moves are in keeping with the province's Closer Economic Partnership Agreement with Hong Kong and Macau.