|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.
|2022/01/03||Consultation on the Draft Guidelines on Work near Underground Telecommunications Lines|
The Chamber supports the issuance of a set of guidelines to help businesses in the relevant sectors avoid potential damage to underground telecommunications lines. At the same time, such guidance should be practicable and not overly prescriptive. The Chamber has also put forward recommendations on other aspects of the draft guidelines while noting that more time should have been made available for collecting feedback.
|2021/11/26||Enhancing Hong Kong’s status as a hub for Family Offices|
The rise of family offices provides considerable opportunities especially for international financial centres such as Hong Kong, which offers considerable advantages whether in terms of managing assets and investments or as a place to live. In its recommendations to the government, the Chamber has identified a number of policy areas that should be addressed if Hong Kong were to respond to the needs of global families and compete as a location of choice.
|2021/11/04||Competition (Block Exemption for Vessel Sharing Agreements) Order Consultation Paper|
The Chamber supports the extension of the Competition (Block Exemption for Vessel Sharing Agreements) Order (“the Order”) in its current form for another term of five years. We believe that the existing Order and proposed period of extension will provide a stable and predictable regulatory environment for and in sustaining the competitiveness of Hong Kong’s shipping and logistics sector– a major pillar of our economy. We also continue to advocate for the removal of the market share limit for vessel sharing agreements currently imposed under the Order for the reasons set out in our response.
|2021/10/29||HKEX Consultation Paper on Special Purpose Acquisition Companies (SPACs)|
The Chamber notes that despite the recent interest in and use of Special Purpose Acquisition Companies (SPACs) as a listing vehicle, there have been growing concerns and regulatory scrutiny in early adopter jurisdictions such as the United States. Should SPACs be approved in Hong Kong, the Chamber recommends that such instruments be subject to the HKEX’s Listing Rules to the greatest extent possible.
|2021/10/15||Public Consultation on Proposed Code of Practice for Third Party Funding of Mediation|
The Chamber believes that there are a number of fundamental issues which should be addressed before consideration is given to the issue of whether a Code of Practice for Third Party Funding of Mediation is needed. Should the decision be made to proceed with the implementation of such a code, we would suggest against the replication of contents of the existing code for arbitration given that there are fundamental differences between these two forms of alternative dispute resolution.
|2021/09/13||Chamber Submission to the 2021/22 Policy Address|
The Chamber has called on the Chief Executive to balance Hong Kong’s stringent quarantine and other pandemic-related restrictions against the need to protect public health. The Chamber has also put forward, on behalf of members, other recommendations that span such issues as capitalizing on the Greater Bay Area, addressing manpower needs, optimizing land and housing supply, and building resilience.
|2021/09/08||Submission on Regulating the Sale and Use of Disposable Plastic Tableware |
The Chamber supports the use of legislation to eliminate disposable plastic tableware from the waste stream, but suggests that consideration should also be given to viable substitutes as an interim means of transitioning away from plastics. Over the long term, there is the need for a holistic approach to eliminating the use of single-use items.