|2022/06/10||Discussion Paper on e-HKD from Policy and Design Perspective|
The Chamber welcomes the notion of an e-HKD as a digital legal tender given the associated benefits that would go towards consolidating the city’s standing as an international financial centre. The Chamber has also put forward design and implementation recommendations on the development of such a Central Bank Digital Currency.
|2022/06/06||Competition Commission Consultation on the Proposal to Vary (Renew) the Competition (Block Exemption for Vessel Sharing Agreements) Order 2017|
The Chamber welcomes the Commission’s proposals to extend the Block Exemption for Vessel Sharing Agreements) Order 2017 (“the Order”). At the same time, we continue to advocate for the extension of the Order for five years, as well as the removal of the market share limit for vessel sharing agreements currently imposed under the Order.
|2022/06/01||Submission on Public Consultation on the Review of the Statutory Minimum Wage Rate |
HKGCC welcomes the opportunity to comment on the review of the Statutory Minimum Wage (“SMW”) rate, which we recommend to be left unchanged at the current level of $37.5 per hour.
|2022/04/27||Chamber Submission to the 2022 Chief Executive Candidate|
In its letter to the sole CE Candidate John Lee, the Chamber has made a range of recommendations including the call for a clear roadmap to restore links with the rest of the world.
|2022/04/08||Consultation Paper on Proposal to Provide Tax Concession for Family-owned Investment Holding Vehicles|
The Chamber welcomes the proposal to grant qualifying entities the right to enjoy tax concessions as this would further consolidate Hong Kong’s position as a premier international financial centre. At the same time, the Chamber calls on the government to also address non-taxation issues to better position Hong Kong as a preferred destination for family offices.
|2022/03/18||Fighting the Pandemic Together|
The Chamber appeals to the Government to give due attention to protecting economic viability and maintaining business stability in the interest of maintaining the city’s status as it steers Hong Kong out of the fifth wave of the pandemic. To achieve these goals, the Chamber has called for the formulation of a clear and predictable action plan for recovery and restoration to normality. This also includes ensuring continuity in the delivery of critical services should such extraordinary measures as compulsory universal testing and a citywide lockdown be implemented.
|2022/02/23||Consultation Paper on Updating Hong Kong's Copyright Regime|
The nature of the consultation, which concerns copyright owners and users, mean that the Chamber was unable to achieve unanimity when responding to some of the Government’s proposals to update Hong Kong’s existing copyright law. As such, the Chamber has called for a balanced approach that takes into account the rights of owners and users, while reflecting views from both perspectives on such proposals as adopting an exhaustive approach on copyright exceptions and introduction of a judicial site-blocking mechanism.
|2022/02/18||HKGCC’s Survey on Talent Exodus|
The Chamber has called on the Government to address the loss of talent resulting from the recent wave of emigration. Based on findings from a Chamber survey conducted in January, companies of all sizes and across the business spectrum have been adversely affected by a dwindling workforce.
|2022/01/21||Covid-19 Quarantine Arrangements for Aircrew|
Although protecting public health is of critical importance, consideration should also be given to mitigating associated costs and maintaining connections to the outside world. In its letter to the government, the Chamber has called on the government to provide airline and air cargo operators with the adequate operational flexibility to ensure continuity in Hong Kong’s ability to obtain critical supplies in a stable and timely manner.
|2022/01/18||HKGCC Budget Proposals for 2022-2023|
In its latest recommendations to the upcoming Budget, the Chamber has called on the government to continue to provide support for businesses especially those badly affected by measures to contain the pandemic. The Chamber’s submission also included proposals on policy initiatives to respond to changes in the international landscape, namely, developments with BEPS 2.0 and the inclusion of Hong Kong on EU’s grey list, as well as in enhancing Hong Kong’s standing as a place for doing business.