|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.
|2016/11/29||Consultation Paper on the 2016 Preliminary Draft Convention on the Recognition and Enforcement of Foreign Judgments|
The Chamber believes that public discussion should focus on the potential merits and demerits of implementing the Convention rather than the Convention’s provisions, which is the approach adopted in the consultation paper. The Government should also take stock of existing measures for enforcing foreign judgments before consideration is given to Convention accession.