Amidst the unprecedented challenges confronting Hong Kong, the Chamber has put forward five key recommendations on which the Government should be addressing as a matter of priority for the coming year. The Chamber has also included proposals that the Government should be looking at over the medium to long term.

The Chamber supports the HKEX’s proposals to go paperless although, in the process of doing so, consideration should be given to maintaining paper-based options so that some degree of flexibility is provided to the investing public.

The Chamber welcomes measures which are conducive to the development of international trade such as the proposal to apply the UN Convention on CISG to Hong Kong. While there are apparent benefits of doing so, a proper cost-benefit analysis should be conducted to better assess the impact this may have on the Hong Kong business community and our status as a leading international trading centre.