October 10th, KeLongHui ｜ TVB television broadcasting (0511.HK) surged by 25.08% to 3.89 Hong Kong dollars during the session, hitting a new high since May 23rd. The Hong Kong government and the Ministry of Commerce of the People's Republic of China signed a revised new agreement on the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) service trade agreement, which mentioned relaxation in audiovisual services, including co-production of TV dramas no longer requiring approval from the State Administration of Radio, Film, and Television (SARFT), only needing approval from the provincial broadcasting administration. According to the latest announcements from the Hong Kong and Mainland governments, the new CEPA service agreement will be released this week, with the new agreement taking effect on March 1, 2025. Some measures will be piloted first in Guangdong Province before being extended to the entire Mainland. The mentioned audiovisual services (movies, television) in the content include: lifting restrictions on Hong Kong service providers investing in filmmaking to promote the mutual development of the film industries of the two regions; co-produced TV dramas no longer requiring approval from SARFT, only needing approval from the provincial broadcasting administration, can be considered for domestic TV drama broadcasts and distribution; Hong Kong-produced imported dramas approved by SARFT can be aired during prime time on Mainland television stations; and lifting the limit on the number of Hong Kong individuals participating as key creative personnel in web TV dramas.