|2020/09/17||Follow-up Submission on Proposed Companies (Corporate Rescue) Bill|
The Chamber has made a follow-up response to the Financial Services and the Treasury Bureau based on the latest draft of the Companies (Corporate Rescue) Bill. The response provides further suggestions on the appointment of a provisional supervisor during the corporate rescue procedure and reiterates points made in the Chamber’s earlier submission.
|2020/09/10||Proposal to Provide Tax Concession for Carried Interest|
The Chamber supports the Government’s proposal to provide tax concession for carried interest as this could further strengthen Hong Kong’s status as an international asset management hub and has put forward views on the proposed measures in response to an invitation from the Financial Services and the Treasury Bureau.
|2020/08/07||Submission on Companies (Corporate Rescue) Bill Proposals |
In response to the Financial Services and the Treasury Bureau’s invitation, the Chamber has submitted its views on the Government’s latest proposals to introduce a statutory corporate rescue procedure and insolvent provisions in Hong Kong. The Chamber believe there is a pressing need to provide companies in financial difficulties with an alternative to liquidation especially under the sustained difficulties that Hong Kong has been experiencing since the middle of last year.
|2020/07/31||Potential Tax Treaty Partners for Hong Kong|
The Chamber supports the government’s continuing efforts to expand Hong Kong’s CDTA network and, to that end, has put forward a number of suggested jurisdictions in response to an invitation from the Financial Services and the Treasury Bureau.
|2020/06/16||Submission on Public Consultation on the Review of the Statutory Minimum Wage Rate|
The Chamber welcomes the opportunity to respond to the public consultation regarding the review of Statutory Minimum Wage rate. We recommend the Minimum Wage Commission to keep the Statutory Minimum Wage rate unchanged at the current level of $37.5 per hour in consideration of Hong Kong’s economic outlook and pressure facing by local businesses.
|2020/06/09||Submission on Tax Relief Measures for Businesses affected by COVID-19|
The Chamber has made a number of recommendations to the government on providing tax relief measures to further assist businesses that have been hard-hit by the effects of COVID-19. Although the government has rolled out two rounds of anti-epidemic relief measures, in addition to those announced in this year’s Budget, we believe more could be done in the area of taxation policy to help companies weather the severe economic downturn.
|2020/06/05||Submission to the Legislative Council Panel on Commerce and Industry on the Development of Innovation and Technology, and Re-industrialisation in Hong Kong|
In response to an invitation by the LegCo Panel on Commerce and Industry to submit views on innovation and technology development and re-industrialization policy in Hong Kong, the Chamber has put forward a number of recommendations. These include, among other things, enhancing existing regulations and funding programmes, grooming local and attracting international talent, and creating synergies within the Greater Bay Area through a division of labour approach.
|2020/04/29||Consultation Paper on Corporate Weighted Voting Rights Beneficiaries|
The Chamber welcomes the opportunity to comment on the HKEX’s proposed introduction of corporate WVR structures. Prior to committing our support for this proposal, we recommend that the HKEx provide further elaboration on the necessity for establishing such a regime as well as the effectiveness of investor safeguards raised in the consultation paper.
|2020/01/22||HKGCC Budget Proposals for 2020-2021|
The Chamber has sent its proposals to the Financial Secretary Paul Chan for his upcoming Budget. We urge him to implement measures to help SMEs badly battered by the challenging business environment. We also recommend that the Government should give serious consideration to improving its policy-making process by making it more transparent and inclusive. Read the full report online.
|2020/01/13||Submission on Promoting the Use of Electric Vehicles |
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.