The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is one of China’s most open and dynamic economies, with a vast market that drives continuous innovation. Leveraging its unique advantages under the “One Country, Two Systems” framework, Hong Kong plays a vital role in “going global and attracting foreign investment” within the region. The city also serves as an essential bridge between the Chinese Mainland and the international community, anchored by its irreplaceable role in global finance, professional services, technological innovation and talent flow.

The Chamber acknowledges the need for the Competition Commission’s initiation of a second review of the Competition (Block Exemption Order) for Vessel Sharing Agreements) Order 2017 (“BEO”), whilst reaffirming the importance of its continuance in maintaining regulatory stability for Hong Kong’s shipping and logistics sector.

To support long-term planning and regional alignment, the Chamber recommends renewing the BEO for at least five years. It also respectfully suggests removing the 40% market share threshold, which may hinder efficient industry collaboration and competitiveness.

These proposals aim to strengthen Hong Kong’s role as a global trade hub by fostering a predictable, growth-oriented regulatory environment for its maritime and logistics industries.

The Chamber broadly supports the proposed enhancements to the HKMA’s Prototype of the Hong Kong Taxonomy for Sustainable Finance (Phase 2A), whilst putting forward other suggestions on its practical implementation, to achieve the objectives of enhancing Hong Kong’s position as a leading green finance hub and meeting carbon neutrality goals.

We commend the Taxonomy’s alignment with international frameworks — such as those adopted in the EU — in establishing a common language for identifying environmentally sustainable activities. At the same time, we recommend that continued attention is given to Hong Kong’s specific circumstances, particularly in relation to its energy landscape, infrastructure, and market developments. This would help maintain the Taxonomy's relevance and adaptability in the face of evolving market dynamics.

To maximise the Taxonomy’s effectiveness, we also advocate for a practical and proportionate approach to implementation, especially in sectors where decarbonisation pathways are still evolving.