The Chamber welcomes the opportunity to respond to the public consultation regarding the review of Statutory Minimum Wage rate. We recommend the Minimum Wage Commission to keep the Statutory Minimum Wage rate unchanged at the current level of $37.5 per hour in consideration of Hong Kong’s economic outlook and pressure facing by local businesses.

The Chamber has made a number of recommendations to the government on providing tax relief measures to further assist businesses that have been hard-hit by the effects of COVID-19. Although the government has rolled out two rounds of anti-epidemic relief measures, in addition to those announced in this year’s Budget, we believe more could be done in the area of taxation policy to help companies weather the severe economic downturn.

In response to an invitation by the LegCo Panel on Commerce and Industry to submit views on innovation and technology development and re-industrialization policy in Hong Kong, the Chamber has put forward a number of recommendations. These include, among other things, enhancing existing regulations and funding programmes, grooming local and attracting international talent, and creating synergies within the Greater Bay Area through a division of labour approach.