The Voice of Business in Hong Kong since 1861
The Chamber is broadly supportive of the Government’s Lung Kwu Tan (LKT) and Tuen Mun West (TMW) "Smart and Green Industrial Port" proposals, viewing them as a strategic opportunity to boost Hong Kong's industrial capabilities and align with sustainability goals. In terms of execution, we advocate for integrated planning and advocacy of a phased development approach with publicly accessible timelines for business certainty, as well as suggesting the need for streamlined inter-authority coordination and thorough provisioning of essential utilities and infrastructure. We also call for the Government to leverage the Port's strategic location for high value-added industrial growth in green energy, advanced construction, and logistics; supported by specialized innovation hubs and enhanced port connectivity. Our response also addresses environmental sustainability, and community well-being and liveability considerations, amongst others.
The Chamber recognizes the efforts of the Government to continue to enhance Hong Kong’s regulatory frameworks for virtual asset (VA) dealing and custodian services, which are pivotal to fostering sustainable industry growth and reinforcing the city’s status as a leading global financial hub. We call for a pragmatic approach for shaping a regulatory environment that is both agile and internally competitive – one that balances strong investor protection with the need to foster innovation. Our recommendations are centered on proposals relating to the scope of permissible services under the VA regime and regulatory oversight, as well as transitional arrangements, amongst others.
In the face of rising trade and economic policy uncertainty, Hong Kong must continue to reinforce its role as a free port and further cultivate its business-friendly environment. In its submission to the 2025 Policy Address, the Chamber has called on the Chief Executive to adopt a three-tiered approach to seize the opportunities in these uncertain times: creating confidence for immediate action, accelerating the transformation to a smart city in the medium term, and building long-term resilience to adapt to the evolving economic landscape.