Attract Investment from the Mainland and Overseas
108. Competition among various economies in the aftermath of the pandemic will definitely intensify. We must step up our efforts in investment promotion to attract foreign enterprises to Hong Kong. Starting from the next financial year, the Government will provide an additional recurrent provision of around $90 million in phases to strengthen InvestHK's work and our investment promotion network in the Mainland and overseas.
109. At present, Hong Kong has signed 45 Comprehensive Avoidance of Double Taxation Agreements (CDTAs) and is in negotiations with 14 tax jurisdictions, with a view to minimising the risk of double taxation borne by foreign enterprises doing business in Hong Kong. We will continue to proactively expand our CDTA network.
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