|2020/09/30||Chamber Submission to the 2020/21 Policy Address|
Amidst the unprecedented challenges confronting Hong Kong, the Chamber has put forward five key recommendations on which the Government should be addressing as a matter of priority for the coming year. The Chamber has also included proposals that the Government should be looking at over the medium to long term.
|2020/09/30||Consultation Paper on Proposals to Introduce a Paperless Listing & Subscription Regime, Online Display of Documents and Reduction of the Types of Documents on Display|
The Chamber supports the HKEX’s proposals to go paperless although, in the process of doing so, consideration should be given to maintaining paper-based options so that some degree of flexibility is provided to the investing public.
|2020/09/18||Consultation Paper on the proposed application of the United Nations Convention on Contracts for the International Sale of Goods to the HKSAR|
The Chamber welcomes measures which are conducive to the development of international trade such as the proposal to apply the UN Convention on CISG to Hong Kong. While there are apparent benefits of doing so, a proper cost-benefit analysis should be conducted to better assess the impact this may have on the Hong Kong business community and our status as a leading international trading centre.
|2020/09/17||Follow-up Submission on Proposed Companies (Corporate Rescue) Bill|
The Chamber has made a follow-up response to the Financial Services and the Treasury Bureau based on the latest draft of the Companies (Corporate Rescue) Bill. The response provides further suggestions on the appointment of a provisional supervisor during the corporate rescue procedure and reiterates points made in the Chamber’s earlier submission.
|2020/09/10||Proposal to Provide Tax Concession for Carried Interest|
The Chamber supports the Government’s proposal to provide tax concession for carried interest as this could further strengthen Hong Kong’s status as an international asset management hub and has put forward views on the proposed measures in response to an invitation from the Financial Services and the Treasury Bureau.
|2020/08/07||Submission on Companies (Corporate Rescue) Bill Proposals |
In response to the Financial Services and the Treasury Bureau’s invitation, the Chamber has submitted its views on the Government’s latest proposals to introduce a statutory corporate rescue procedure and insolvent provisions in Hong Kong. The Chamber believe there is a pressing need to provide companies in financial difficulties with an alternative to liquidation especially under the sustained difficulties that Hong Kong has been experiencing since the middle of last year.
|2020/07/31||Potential Tax Treaty Partners for Hong Kong|
The Chamber supports the government’s continuing efforts to expand Hong Kong’s CDTA network and, to that end, has put forward a number of suggested jurisdictions in response to an invitation from the Financial Services and the Treasury Bureau.
|2020/06/16||Submission on Public Consultation on the Review of the Statutory Minimum Wage Rate|
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.
|2020/06/09||Submission on Tax Relief Measures for Businesses affected by COVID-19|
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.
|2020/06/05||Submission to the Legislative Council Panel on Commerce and Industry on the Development of Innovation and Technology, and Re-industrialisation in Hong Kong|
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.