|2019/07/19||Consultation Paper on Review of the Environmental, Social and Governance (ESG) Reporting Guide and Related Listing Rules|
The Chamber welcomes the Hong Kong Exchanges and Clearing Limited‘s efforts to improve the quality of ESG reporting through this consultation exercise. We believe that such enhancements should be supplemented by further investments in education and training to promote better understanding of the intentions behind and benefits of ESG reporting .
|2019/04/16||Consultation Paper on Statutory Cooling-Off Period For Beauty and Fitness Services Consumer Contracts|
The Chamber appreciates that the intent behind the Government’s proposals is to address questionable sales tactics and protect Hong Kong consumers. However, we have reservations about the measures, as there is an existing piece of law that already addresses aggressive trade practices, and also due to the lack of a rigorous review that would assess the impact of introducing such a legislative change.
|2019/04/16||Proposed Amendments to the raising penalties of Occupational Safety and Health (OSH) Legislation |
The Chamber agrees with the Government's objective to lower rate of industrial accidents. However, the Chamber queries whether the proposed substantial increase in the maximum statutory level of penalties on businesses can achieve such objective. The Government should take a holistic approach and focus on other approaches to reducing industrial accidents, instead of simply increasing penalties and fines.
|2019/04/02||Trade Marks (Amendment) Bill 2019|
The Chamber supports the updating of Hong Kong’s laws to allow the implementation of the Madrid Protocol domestically.
|2019/03/29||Consultation Paper 2 on 2018 Draft Convention on the Recognition and Enforcement of Foreign Judgments|
The Chamber has called for clarification of a few matters outstanding from the last round of consultation in 2016. The Chamber has also suggested that instead of a selective approach, all antitrust (competition) matters should be excluded from the Convention.
|2019/03/05||Law Reform Commission's Consultation Paper on Archives Law|
The Chamber supports the proposal to introduce legislation on the management of government information subject to a number of conditions. These include clarification on the definition of “public interest” where an application for exemption under the Personal Data (Privacy) Ordinance is made, and that the proposed Law be applicable to all government and public bodies rather than on a selective basis.
|2019/03/05||Law Reform Commission's Consultation Paper on Access to Information|
The Chamber welcomes the proposal to provide statutory backing to the access of government-held records. At the same time, the Chamber has drawn attention to the need to protect business information and accord the latter with the same level of protection as personal data, while calling for a definition of “public bodies” and those subjecting these the proposed Access to Information Law. The Chamber has also argued that no fee should be levied on requests for information.
|2019/02/27||Review of Telecommunications Regulatory Framework|
The Chamber suggests the need for a comprehensive review of the Telecommunications Ordinance to ensure that regulations keep pace with technological advancements and to facilitate the rollout of 5G mobile networks.
|2019/02/19||The second draft of the “Law of the People's Republic of China on Foreign Investment (Draft)|
The second draft of the “Law of the People's Republic of China on Foreign Investment (Draft)”was released for public opinion and comment at the end of 2018. The Draft aims to boost the Mainland’s economic development by attracting more foreign capital. Most members of the Chamber generally support the provisions contained within the Draft. However, the Chamber has some concerns about whether the proposed law will apply to Hong Kong and Macao enterprises, as the Draft does not clarify this issue. In its submission, the Chamber also shared its thoughts on a number of other areas in the Draft.
|2019/01/24||HKGCC Budget Proposals for 2019-2020|
The Chamber has urged the Financial Secretary to help Hong Kong prepare for economic challenges ahead and hone our competitiveness. In its submission to the Government’s 2019-20 Budget, the Chamber also reiterated that it is crucial that a proper regulatory impact assessment framework be established, and recommended replicating the preferential tax treatment for Hong Kong residents practised in Qianhai and Hengqin across the Greater Bay Area on an incremental basis.