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| 2025/03/26 | Consultation Exercise on Proposed Amendments to District Cooling Services Ordinance (Cap.624) We recognize the Government's commitment to achieving carbon neutrality and achieving energy efficiency as part of its roadmap for consolidating Hong Kong’s competitiveness as a leading international city – with the District Cooling Services (DCS) mechanism and its proposed expansion to cover the Kwu Tung North New Development Area (KTN NDA) , Tung Chung New Town Extension (East) (TCNTE(E)), as well as additional new areas within the Kai Tak DCS, part and parcel of these objectives. At the same, we put forward several general recommendations regarding the proposals' design, user implications and cost recovery considerations. We also suggest that in implementing the legislative amendments, a comprehensive assessment of consumer and business needs, as well as evaluation of the commercial viability of the proposed expansions of the DCS, be conducted to maximize the scheme’s efficacy. |
| 2025/03/24 | Recommendations on the Development of the Northern Metropolis Initiative The Chamber commends the Government's ongoing efforts to advance the Northern Metropolis (NM) mega-project and have submitted our latest general recommendations to support its comprehensive development in the short and medium term. Specifically, we have conveyed our members' perspectives on the design and execution of the Pilot Large-Scale Land Disposal Scheme, emphasizing key considerations such as financial and investment aspects, as well as land supply and management challenges. These insights aim to encourage industry participation and foster effective collaboration with the Government in building this new metropolis. |
| 2025/03/18 | HKEX Consultation Paper (CP) on Proposals to Optimise IPO Price Discovery and Open Market Requirements The Chamber expresses in principle support to the HKEX’s proposals to enhance its IPO Price Discovery and Open Market Requirements framework, recognizing that this approach aligns with internationally recognized best practices for regulation, focusing solely on instances where a clear and demonstrable need for regulation is necessary. As part of our recommendations, we advocate that the requirement of enhanced disclosure in the IPO listing prospectus of a possible downward adjustment of up to 10 per cent below the indicative offer price be removed, as investors’ interests are sufficiently protected by present rules. |
| 2025/03/18 | Development Bureau's Development Proposals for New Territories North (NTN) New Town and Ma Tso Lung (MTL) The Chamber welcomes the opportunity to comment on the proposals for the latest two development areas of the Northern Metropolis blueprint – New Territories North (NTN) New Town and Ma Tso Lung. We highlight in our submission comments spanning land use and planning, financing channels, as well as infrastructural support and sustainability, and housing and liveability considerations, to facilitate the Government’s formulation of more detailed plans for these development areas. In particular, we recommend a forward-looking approach with the design of the NTN New Town – with its close proximity to Shenzhen - and seek for clarity on the design and purpose for the proposed land allocations. We also call for the setting of strategic priorities for the development of target industry clusters and enterprises within these areas. |
| 2025/03/10 | Potential Tax Treaty Partners for Hong Kong It is crucial to accelerate the expansion of Hong Kong’s tax treaty network to enhance our attractiveness as a preferred destination for international business operations amid evolving global tax landscapes. We are hopeful that meaningful progress can be made in the short term by actively engaging with the jurisdictions listed in the attached document. Furthermore, we highly recommend that the Government allocate additional resources to expedite the process.
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| 2025/02/27 | Development Bureau's Proposals to Amend the Buildings Ordinance (Cap. 123) The Chamber is broadly in favour of the Development Bureau’s proposed enhancements to the Buildings Ordinance (Cap. 123) (“CP”), recognizing the importance of such amendments in addressing societal concerns on building and construction safety, and maintaining Hong Kong’s competitiveness as an international city. In terms of implementation, we encourage building owners to take proactive steps in maintaining their properties, whilst advocating for the Government to offer sufficient support, to help the industry achieve compliance, and implement balanced enforcement interventions. |
| 2025/01/21 | HKGCC Budget Proposals for 2025-2026 The Chamber has urged the Financial Secretary to adopt a multi-pronged approach to raise revenue and reduce expenditure in response to current fiscal challenges. In its submission to the Government’s 2025-26 Budget, the Chamber suggested increasing the issuance of government-backed bonds for long-term investments and imposing taxes on non-Hong Kong resident digital service suppliers. Additionally, the Chamber has called on the Government to review civil servant establishments and adjust the Public Transport Fare Concession Scheme (HK$2 Scheme) to contain the growth of expenditure. |
| 2025/01/03 | Industry Consultation on Preferential Tax Regimes for Privately-offered Funds, Family-owned Investment Holding Vehicles and Carried Interest The Chamber supports the proposed enhancements to the preferential tax regimes for the asset and wealth industry. These enhancements are crucial for maintaining Hong Kong’s competitiveness as a global financial hub. We believe, however, that there is still room for further refinements to the proposed measures. We suggest, among others, expanding the definition of qualified assets and applying these enhancements on a retrospective basis. |
| 2024/10/18 | HKEX Consultation Paper on Proposals to Further Expand the Paperless Listing Regime and Other Rule Amendments The Chamber expresses general support for the HKEX’s proposals to expand its paperless listing regime, thereby elevating Hong Kong’s regulatory framework for listed companies to align with global sustainability objectives. Taking note of the current market landscape, we nevertheless advocate for the incorporation of a degree of flexibility into the regime, with consideration of the practicability of some of the digitalisation proposals, such as that related to corporate communications, payments and web accessibility. Such an approach would facilitate a balanced addressing of the needs of listed issuers, securities holders and investors. |
| 2024/09/06 | Public Consultation on Copyright and Artificial Intelligence The Chamber is generally supportive of the Government’s latest proposed enhancements to the Copyright Ordinance (Cap 528) to keep pace with the rapidly developing global artificial intelligence innovation trajectory. Such proposals would be beneficial to advancing Hong Kong’s position as a leading hub for innovation, intellectual property trading, and cultural exchange. To sustain a vibrant business landscape in the area of AI, we believe that a clear, proactive, and balanced legal framework would be beneficial.
We also put forward our views on two key issues raised in the consultation - the issue of copyright protection for AI-generated original works and the introduction of a new exemption for the use of copyrighted works in computational data analysis and processing - and note that there is a divergence of views on the concept of originality and the rights of copyright owners and users which we suggest would merit consideration in the course of implementing the revised law.
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