|2017/03/03||Consultations on Legislative Proposals to Enhance Regulatory Regime for Combating Money Laundering and Terrorist Financing |
The Chamber has submitted its views to a government consultation on proposals to reinforce legislation and regulate certain non-financial businesses and occupations for combating money laundering and terrorist financing in Hong Kong. In its submission of 3 March, the Chamber agrees in principle with the spirit to promote business compliance but points to questions regarding the practicality, reasonableness and proportionality of the Government’s approach to achieving such goals.
|2017/02/15||Hong Kong Smart City Blue Print Consultancy Study|
The Chamber supports the HKSAR Government’s initiative to embrace and adopt technology more widely as an accelerator to develop Hong Kong into a smart city, and emphasize the fundamental importance of Smart Government and Smart Citizen among the six themes for the development of an innovative and sustainable smart city.
|2017/01/04||Developing Kowloon East into a Smart City District－Feasibility Study Stage 1 Public Engagement |
The Chamber supports the Government’s initiative to embrace and adopt technology more widely as an accelerator to develop Hong Kong into a smart city (or a “livable city”), and the selection of Kowloon East to trial run some feasible initiatives.
|2016/12/30||Consultation on Measures to Counter Base Erosion and Profit Shifting |
The Chamber has submitted its views to a government consultation on proposed measures to counter Base Erosion and Profit Shifting (“BEPS”) in Hong Kong. The Chamber calls on the Government to do its utmost in striking a balance between protecting local interests and aligning with international standards when implementing the BEPS package in Hong Kong so as to avoid undue compliance burden to enterprises.
|2016/12/29||Proposals to Enhance the Financial Dispute Resolution Scheme|
The Chamber generally supports the FDRC’s proposals to enhance the service features of the current Financial Dispute Resolution Scheme. The Chamber has also flagged a number of issues that the FDCR should pay attention to if and when its proposals are implemented.
|2016/12/14||2017- 2018 Policy Address cum Budget Submission|
Hong Kong must return to its roots and regain its reputation of being a business-friendly, free market economy with light-touch regulation. Any policy intervention be accompanied by a rigorous regulatory impact assessment. A holistic approach should be taken in this regard.
|2016/12/14||Consultation under section 16 of the Competition Ordinance regarding a proposed block exemption order for certain liner shipping agreements|
The Chamber has suggested the need for a more thorough evaluation on the impact of granting (whether in full or partially) or dismissing the Hong Kong Liner Shipping Association’s application for a block exemption order. The Chamber also expressed concerns over the Competition Commission’s approach to the application process.
|2016/12/07||Regulating the Sales of First-hand Residential Properties in Hong Kong|
The Chamber has put forth its views to the Government subsequent to a meeting with the Sales of First-hand Residential Properties Authority in respect of the regulation of the sales of first-hand residential properties in Hong Kong. The Chamber believes that the Ordinance, which has been in effect for three years, would benefit from a comprehensive and thorough review.