Submissions and Reports

A clear and effective energy policy that is conducive to the reliability and stability of supplying power while also promoting affordability and environmental performance is vital. With regard to Government’s proposal to tighten emission allowances from 2022, a cost-benefit analysis would allow both consumers and businesses to make informed and meaningful assessments.

The Chamber supports the Government’s efforts to comply with the Financial Action Task Force’s recommendations on countering money laundering and terrorist financing activities but also reiterates the need to ensure that such undertakings do not affect our ability to compete.

The Chamber has all along been supporting the Government’s initiative to embrace and adopt technology more widely to develop Hong Kong into a smart city. While the business sector would like to see prompt and concrete actions of a smart government, we therefore urge the Government to be more swift and resolute in breaking through the bureaucratic routine and take the lead to scale up the momentum immediately.

The Chamber supports the proposal on the reallocation of the frequency spectrum 3.4 – 3.7 GHz band from fixed satellite service to mobile service. We believe the arrangement can enable the adoption of 5G services in Hong Kong, facilitate our development as a smart city, foster Internet of Things initiatives and achieve parity in mobile service standards with Mainland China and other jurisdictions.

In its submission to Carrie Lam’s maiden Policy Address, the Chamber offers suggestions on enhancing the “Be the Smart Regulator” Programme to serve as an effective instrument for conducting Regulatory Impact Assessments (RIA) in the review of existing and prospective laws. The Chamber also provided recommendations on improving the tax competitiveness, human capital and labour supply, and better utilisation of the Greater Bay Area concept.

The Chamber considers enhanced, and preferably seamless, cross-border movements of capital, people, goods and services within the Guangdong-Hong Kong-Macao Greater Bay Area essential ingredients for its successful development. The Chamber calls on the Government to focus on the areas where Hong Kong possesses competitive advantages, leveraging its established expertise as an international financial, shipping and logistics, offshore RMB, and dispute resolution centre.

In its response to the Hong Kong Stock Exchange’s consultations on the New Board and Review of the Growth Enterprise Market and Main Board Listing Rules, the Chamber has extended qualified support to the proposals for attracting more companies to list in Hong Kong.

The Chamber supports the Government’s pursuit of CDTA especially with jurisdictions that fall within the scope of the Belt and Road Initiative as this could further enhance Hong Kong’s role as a super-connector between Mainland China and economies in Asia, Europe and Africa.

The Chamber would like to provide our views on the report submitted by the Standard Working Hours Committee to the Chief Executive in January 2017 for the Legislative Council Manpower Panel’s consideration.