|2018/05/18||Public Consultation on the Review of the Statutory Minimum Wage Rate (“the Review”): Response by Hong Kong General Chamber of Commerce ("HKGCC")|
In view of Hong Kong’s strong economic performance and a positive outlook, HKGCC agrees that a moderate increase in SMW could be considered. Nevertheless, we should note that an excessive hike in the level of SMW could have a number of dire consequences. Therefore, attention should be given to a basket of factors such as the economic conditions, supply and demand, impact to businesses and cost of living, among others when reviewing SMW.
|2018/05/16||Review of Television and Sound Broadcasting Regulatory Regimes|
The Chamber welcomes the Government’s decision to launch a review of the Broadcasting Ordinance and Telecommunications Ordinance, although we are surprised that it has taken six years to carry out this review. We would therefore like to resubmit our previous proposals for the Government’s consideration and call on it to expedite the process of updating these two pieces of legislation through a holistic rather than narrow approach.
|2018/04/26||Chamber’s View and Recommendations on CEPA Implementation ( Trade in Goods )|
The Chamber submitted its proposals on facilitating Trade in Goods under Closer Economic Partnership Arrangement (CEPA) to Ministry of Commerce of PRC and Trade and Industry Department of HKSAR on 26 April 2018.
|2018/04/19||Consultation Paper on Proposed Amendments to the Codes on Takeovers and Mergers and Share Buy-backs|
The Chamber has called on the SFC to carry out a comprehensive evaluation before implementing its proposals to amend the codes on takeovers and mergers and share buybacks.
|2018/03/23||Consultation on a Proposed New Listing Regime for Emerging and Innovative Companies|
The Chamber welcomes and supports the proposal to broaden capital market access in Hong Kong and to enhance the competitiveness of its listing regime by allowing the listing of companies with weighted voting rights. In addition to ensuring that the new listing conditions serve their intended purpose of attracting quality issuers from the emerging and innovative sectors, the Chamber also advocates fairness, investor protection and education.
|2018/03/15||Consultation on “Guideline on Authorisation of Virtual Banks”|
In its response, the Chamber welcomed the proposal to promote wider options for customers and foster innovation in Hong Kong but also called for clarification in certain areas to ensure a level playing field for virtual and conventional banks.
|2018/03/05||Meeting the Growing Use of Liquefied Natural Gas as a Marine Fuel|
As the International Maritime Organization has set a sulphur cap of 0.5% for shipping emissions by 2020, the Chamber urges the Government to establish Hong Kong a LNG-ready port that is capable of supporting the shipping industry as it makes the transition to cleaner fuels. Measures put forward include provision of the necessary infrastructure, sufficient trained personnel and relevant policies.
|2018/02/23||Submission on Inland Revenue (Amendment) (No. 6) Bill 2017|
In its submission to the LegCo Bills Committee on implementing a legal framework to combat Base Erosion and Profits Shifting (BEPS) practices in Hong Kong, the Chamber has raised concerns over a number of outstanding issues with the Government’s proposed approach to align with international standards.
|2018/01/31||HKGCC Budget Proposals for 2018-2019|
HKGCC has urged the Financial Secretary Paul Chan Mo-Po to make Hong Kong’s competitiveness the top priority in his forthcoming Budget on 28 February. In its submission to the Government on 31 January, the Chamber stressed the importance of reinforcing our low and simple tax regime, and the need to remove unnecessary regulations.
|2018/01/17||Submission on Model Non-Collusion Clauses and Non-Collusive Tendering Certificate|
The Chamber has raised concerns over the contents of the Model Non-Collusion Clauses and Non-Collusive Tendering Certificate published by the Competition Commission in December 2017 and has suggested possible solutions to address these concerns.