The Chamber recognizes the efforts of the Government to continue to enhance Hong Kong’s regulatory frameworks for virtual asset (VA) dealing and custodian services, which are pivotal to fostering sustainable industry growth and reinforcing the city’s status as a leading global financial hub. We call for a pragmatic approach for shaping a regulatory environment that is both agile and internally competitive – one that balances strong investor protection with the need to foster innovation. Our recommendations are centered on proposals relating to the scope of permissible services under the VA regime and regulatory oversight, as well as transitional arrangements, amongst others.

In the face of rising trade and economic policy uncertainty, Hong Kong must continue to reinforce its role as a free port and further cultivate its business-friendly environment. In its submission to the 2025 Policy Address, the Chamber has called on the Chief Executive to adopt a three-tiered approach to seize the opportunities in these uncertain times: creating confidence for immediate action, accelerating the transformation to a smart city in the medium term, and building long-term resilience to adapt to the evolving economic landscape.

The Chamber expresses broad support for the Government’s overarching vision for the development of the areas surrounding Hung Hom Station and its adjacent waterfront (“the Zone”), with particular emphasis on improving connectivity and commuting, and transforming the Hung Hom and Victoria Harbour area into a prominent harbourfront landmark; thereby reinforcing Hong Kong’s position as a world-class international city. We also offer specific comments on land use planning and design strategies to further enhance the Zone’s development. These include the adoption of a holistic and integrated development approach, a review of the residential-to-commercial ratio, and recommendations to further strengthen connectivity, branding, as well as the overall visibility and sustainability of the Zone.