Submissions and Reports

As the premier business organization of Hong Kong, the Chamber is a leader in promoting business interests and integrity. These policy statements and Code of Ethics represent what the Chamber stands for in the respective areas.

They are approved by the Chamber’s General Committee and we urge all of our members to observe these statements and to incorporate the principles stated in the statements into their business practices as much as possible.

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DateTitle
2022/09/09Chamber Submission to the 2022/23 Policy Address
In anticipation of John Lee’s inaugural Policy Address, the Chamber has submitted recommendations on 9 key policy areas on which it feels the current administration should be focusing on as a matter of priority.
2022/07/28International Sustainability Standards Board (ISSB) Consultation on Sustainability-related Financial Information and Climate-related Disclosures
The Chamber welcomes and supports the ISSB’s initiative to formulate a comprehensive set of global sustainability disclosures to serve as performance guideposts for businesses, while providing consistent, comparable and high-quality ESG reporting designed to meet investor needs. However, questions over the approach to and with the proposed standards, such as the lack of clarity on when the ISSB will be fully quorate and the absence of the principle-based GRI standard, will have to be addressed before the new standards are introduced.
2022/07/22Consultation on Proposed Refinements to Hong Kong’s Foreign Source Income Exemption (FSIE) Regime for Passive Income
The Chamber supports the Government’s efforts to remove Hong Kong from the European Union’s watchlist by introducing changes to our FSIE regime while upholding the key principles of our taxation policy. However, more clarity should be provided on certain issues including the interpretation and application of covered income and economic substance requirement, as well as the eligibility criteria for the proposed participation exemption.
2022/07/19HKGCC’s Survey on Travel and Quarantine Restrictions
The Chamber has called on the Government to normalize international connectivity. Based on findings from a Chamber survey conducted in May 2022, an overwhelming majority of respondents have been affected by restrictive travel measures.
2022/07/18Consultation on Occupational Safety and Occupational Health Legislation (Miscellaneous Amendments) Bill 2022
HKGCC supports the Government’s policy objective of improving health and safety at work. However, we believe that it can be achieved more effectively by means other than significantly raising penalties, and doubling the period for summons from six months to one year as proposed.
2022/06/10Discussion Paper on e-HKD from Policy and Design Perspective
The Chamber welcomes the notion of an e-HKD as a digital legal tender given the associated benefits that would go towards consolidating the city’s standing as an international financial centre. The Chamber has also put forward design and implementation recommendations on the development of such a Central Bank Digital Currency.
2022/06/06Competition Commission Consultation on the Proposal to Vary (Renew) the Competition (Block Exemption for Vessel Sharing Agreements) Order 2017
The Chamber welcomes the Commission’s proposals to extend the Block Exemption for Vessel Sharing Agreements) Order 2017 (“the Order”). At the same time, we continue to advocate for the extension of the Order for five years, as well as the removal of the market share limit for vessel sharing agreements currently imposed under the Order.
2022/06/01Submission on Public Consultation on the Review of the Statutory Minimum Wage Rate
HKGCC welcomes the opportunity to comment on the review of the Statutory Minimum Wage (“SMW”) rate, which we recommend to be left unchanged at the current level of $37.5 per hour.
2022/04/27Chamber Submission to the 2022 Chief Executive Candidate
In its letter to the sole CE Candidate John Lee, the Chamber has made a range of recommendations including the call for a clear roadmap to restore links with the rest of the world.
2022/04/08Consultation Paper on Proposal to Provide Tax Concession for Family-owned Investment Holding Vehicles
The Chamber welcomes the proposal to grant qualifying entities the right to enjoy tax concessions as this would further consolidate Hong Kong’s position as a premier international financial centre. At the same time, the Chamber calls on the government to also address non-taxation issues to better position Hong Kong as a preferred destination for family offices.
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