|2018/03/15||Consultation on “Guideline on Authorisation of Virtual Banks”|
In its response, the Chamber welcomed the proposal to promote wider options for customers and foster innovation in Hong Kong but also called for clarification in certain areas to ensure a level playing field for virtual and conventional banks.
|2018/03/05||Meeting the Growing Use of Liquefied Natural Gas as a Marine Fuel|
As the International Maritime Organization has set a sulphur cap of 0.5% for shipping emissions by 2020, the Chamber urges the Government to establish Hong Kong a LNG-ready port that is capable of supporting the shipping industry as it makes the transition to cleaner fuels. Measures put forward include provision of the necessary infrastructure, sufficient trained personnel and relevant policies.
|2018/02/23||Submission on Inland Revenue (Amendment) (No. 6) Bill 2017|
In its submission to the LegCo Bills Committee on implementing a legal framework to combat Base Erosion and Profits Shifting (BEPS) practices in Hong Kong, the Chamber has raised concerns over a number of outstanding issues with the Government’s proposed approach to align with international standards.
|2018/01/31||HKGCC Budget Proposals for 2018-2019|
HKGCC has urged the Financial Secretary Paul Chan Mo-Po to make Hong Kong’s competitiveness the top priority in his forthcoming Budget on 28 February. In its submission to the Government on 31 January, the Chamber stressed the importance of reinforcing our low and simple tax regime, and the need to remove unnecessary regulations.
|2018/01/17||Submission on Model Non-Collusion Clauses and Non-Collusive Tendering Certificate|
The Chamber has raised concerns over the contents of the Model Non-Collusion Clauses and Non-Collusive Tendering Certificate published by the Competition Commission in December 2017 and has suggested possible solutions to address these concerns.
|2017/12/11||Working Towards a More Efficient Town Planning Process|
The Chamber proposes the setting up of a one-stop shop and harmonization of standards and requirements with respect to town planning applications, as well as enhancing the effectiveness and efficiency of the Town Planning Board.
|2017/11/27||Consultation on the Guideline on the Keeping of Significant Controllers Register by Companies|
In its response to the Company Registry on the consultation on the Guideline on the Keeping of Significant Controllers Register by Companies, the Chamber supports for the publication of the Guideline to provide clarity and certainty to businesses in complying with the relevant legal requirements but has cautioned against giving statutory backing to the Guideline.
|2017/11/09||Seventh Technical Memorandum for Allocation of Emission Allowances|
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.
|2017/10/20||Submission on Anti-Money Laundering and Counter-Terrorist Financing |
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.
|2017/09/20||HKGCC’s Response to “Smart Hong Kong Consultancy Study Report”|
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.