|2016/08/22||Some Proposed Amendments to the Companies Ordinance (Cap. 622) and its subsidiary legislation|
The Chamber’s response to the Government’s proposed amendments to the Companies Ordinance and its subsidiary legislations is as given in the attached paper.
|2016/08/19||HKGCC proposals on Belt-and-Road Opportunities for Hong Kong’s Financial Services Sector|
The Chamber’s proposals for Hong Kong to capitalise on the national initiative of Belt and Road by leveraging on its competencies in the field of financial services are set out in the attached.
|2016/07/20||Consultation on Working Hours Policy Directions|
The Hong Kong General Chamber of Commerce supports, in principle, the concept of having a “big frame”. We believe this option would adequately address employers and employees’ concerns about working hours, overtime and compensation arrangements without resorting to legislation. We object to the “small frame” as this artificial manipulation of employment terms for part of the labour force might weaken the flexibility of the labour market, thereby undermining our economy’s ability to adjust in adverse market conditions.
|2016/07/12||Development of Trade Single Window in Hong Kong|
The Chamber is supportive of the proposal to introduce a one-stop IT platform for the submission and processing of all business-to-government documents and would like to see this implemented as soon as possible. On the other hand, it is not in favour of replacing the existing arrangement with post-shipment declaration with the requirement for pre-shipment declaration.
|2016/06/21||Public Engagement Exercise on Retirement Protection|
In its submission on retirement protection, the Chamber has expressed support for directing our finite resources to helping the less well-off including the poor elderly in Hong Kong. This would necessarily entail a means-tested approach to determine eligibility. The Chamber has also called for a wholistic review of the MPF system to enhance this very important retirement pillar. Mere focus on the MPF’s offsetting mechanism would be too narrow and of limited use to be effective.
|2016/06/02||Free Trade Agreement Negotiations with Georgia and Maldives|
Hong Kong General Chamber of Commerce welcomes the Government’s initiative to negotiate a Free Trade Agreement (FTA) with Georgia and the Maldives, respectively. Securing an FTA with these two emerging markets will open up new opportunities for Hong Kong companies and also facilitate the development of the Belt and Road initiative.
|2016/05/20||Review of Statutory Minimum Wage Rate|
Regarding the Minimum Wage Commission’s consultation exercise on the review of the Statutory Minimum Wage (SMW) rate, given the recent economic slowdown and gloomy outlook, the Hong Kong General Chamber of Commerce believes that the Commission should pay particular attention to keeping the appropriate balance of not having unduly low wages, minimizing job loss and sustaining Hong Kong’s economic growth and competitiveness in determining the wage rate. Therefore, we would like the Commission to consider maintaining the SMW rate unchanged at the current level.
|2016/04/06||Public Consultation on Biodiversity Strategy and Action Plan|
The Chamber welcomes HKSAR’s initiatives of developing the first five-year Biodiversity Strategy and Action Plan for Hong Kong, and emphasizes the critical importance of providing certainty and predictability so that businesses can plan well ahead in response to any policy changes and new requirements.
|2016/04/05||Hong Kong’s Programme for Tax Treaty Negotiations in 2016|
The Chamber support the pursuit of CDTA with the jurisdictions on the attached list for the purpose of further enhancing Hong Kong’s role as a “super connector” for the flow of trade and investments from Mainland China to countries along Asia, Europe and Africa.
|2016/03/24||Application for a block exemption order under section 15 of the Competition Ordinance from the Hong Kong Liner Shipping Association|
The Chamber supports the Hong Kong Liner Shipping Association’s application for a Block Exemption Order with respect to Vessel Sharing Agreements (VSAs) under the Competition Ordinance. The Chamber also supports the exemption of Voluntary Discussion Agreements (VDAs) if it can be shown that any harm this may bring is clearly outweighed by efficiencies, which benefit Hong Kong.