The Chamber welcomes and appreciates opportunity to comment on measures to promote the use of electric vehicles (EVs) in Hong Kong. We believe Hong Kong should look to EVs as a viable means to achieve carbon neutrality by 2050 and play to our advantages with respect to the city’s size, compactness and developed infrastructure in popularising the use of EVs.

The Ministry of Finance of the People's Republic of China and the State Taxation Administration announced in November that it was seeking public opinion on the "Law of the People's Republic of China on Value-added Tax (Draft for Consultation)." The draft reduces the uncertainty in the current VAT law, and is a significant step in the reform of Chinese tax laws. The Chamber submitted a number of suggestions to the authorities on 20 December, after consolidating members’ opinions on the draft.

The aim of the “Regulations for the Implementation of the Foreign Investment Law” is to provide implementational details of the regulatory framework of the “Foreign Investment Law”. The “Regulations for the Implementation of the Foreign Investment Law” and the “Foreign Investment Law” will be in effect on 1 January 2020.