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
2021/01/12HKGCC Budget Proposals for 2021-2022
The Chamber has called on the Financial Secretary Paul Chan to implement near-term measures to help businesses hurt by the prolonged pandemic. In its submission to the Government’s 2021-2022 Budget, the Chamber also suggested, among other measures, issuing government debt to preserve fiscal strength, promoting Hong Kong as a leader in green finance and conducting a comprehensive review of the MPF system.
2021/01/04Statement of Support for a Municipal Solid Waste (MSW) Charging Scheme
The Chamber is pleased to note that a Legislative Council’s Bills Committee was formed on 16 October 2020 to again study a bill to implement a charging scheme for the purpose of reducing MSW following a previous attempt to do so during the previous legislative term. The Chamber believes that such a charging scheme would lay a useful foundation for Hong Kong to manage waste in a more responsible and effective manner.
2020/12/14Securities and Futures Commission’s Consultation Paper on Proposed Amendments to its Anti- Money Laundering and Terrorist Financing Guideline (the Guideline) September 2020
The Chamber does not object to the Commission's proposal to amend its guidelines under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, but suggests that any additional compliance requirements should be facilitative and reasonably practicable to achieve.
2020/09/30Consultation 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.
2020/09/30Chamber 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.
2020/09/18Consultation 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.
2020/09/17Follow-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.
2020/09/10Proposal 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.
2020/08/07Submission 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.
2020/07/31Potential 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.
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