|2021/09/13||Chamber Submission to the 2021/22 Policy Address|
The Chamber has called on the Chief Executive to balance Hong Kong’s stringent quarantine and other pandemic-related restrictions against the need to protect public health. The Chamber has also put forward, on behalf of members, other recommendations that span such issues as capitalizing on the Greater Bay Area, addressing manpower needs, optimizing land and housing supply, and building resilience.
|2021/09/08||Submission on Regulating the Sale and Use of Disposable Plastic Tableware |
The Chamber supports the use of legislation to eliminate disposable plastic tableware from the waste stream, but suggests that consideration should also be given to viable substitutes as an interim means of transitioning away from plastics. Over the long term, there is the need for a holistic approach to eliminating the use of single-use items.
|2021/08/17||Statement of Support for a Member’s Bill to Tackle Wildlife Crimes|
The Chamber welcomes and supports a Member’s Bill as proposed by Ms Elizabeth Quat to incorporate wildlife trafficking and illegal trade crimes into the Organised and Serious Crimes Ordinance. We believe that by vesting the authorities with greater investigative and punitive powers, this would have the desired effect of reducing wildlife crimes committed in Hong Kong.
|2021/06/17||Consultation Paper on Review of Corporate Governance Code and Related Listing Rules|
The Chamber welcomes the HKEX’s proposals to enhance its existing framework on corporate governance and related listing rules. At the same time, we recommend that such changes be implemented on an incremental and flexible basis, with consideration given to their potential costs and benefits for businesses, particularly with regard to the impact on small and medium sized issuers.
|2021/06/02||Protection of Personal Information on the Companies Register|
The Chamber welcomes the Government’s proposals regarding amendments to public access to personal information on the Companies Registry. At the same time, we recommend that the public be consulted on the scope of persons authorized to access protected information, and that the proposed timeline for implementation of the new measures be shortened.
|2021/05/28||Consultation Paper on Listing Regime for Overseas Issuers|
The Chamber agrees with the HKEX that the existing listing requirements should be streamlined through the introduction of a common set of core shareholder protection standards (“Core Standards”) especially in respect of overseas issuers. The Chamber has also made a number of observations and recommendations on certain aspects of the Core Standards to facilitate issuer compliance, and enhance the city’s status as a place to list.
|2021/05/21||Producer Responsibility Scheme on Plastic Beverage Containers|
The Chamber supports the introduction of a Producer Responsibility Scheme on Plastic Beverage Containers to reduce waste and create a circular economy in Hong Kong. The Chamber agrees with the general aspects of the scheme but suggests certain areas be adjusted to promote broader buy-in and participation.
|2021/04/12||Vaccination as a means to save lives, hasten the end of the pandemic and accelerate economic recovery|
The Chamber considers achieving herd immunity in Hong Kong to be critical in bringing the coronavirus pandemic under control and restoring normalcy. To that end, a number of recommendations has been made to the Government to promote public buy-in and achieve a higher vaccination rate.
|2021/03/19||Consultation Paper on Real-name Registration Programme for SIM Cards|
The Chamber agrees with the Government that there is the need to address the abuse of SIM Cards for criminal purposes, but suggests that consideration should also be given to attendant issues such as data privacy implications and efficacy of a mandatory registration system. In light of the social impact that such regulatory changes may bring, the Chamber recommends that efforts be made to better define the rights and responsibilities of stakeholders, namely, users, operators, and regulators under the proposed programme.
|2021/03/16||Consultation Paper on Outcome Related Fee Structures for Arbitration|
The Chamber agrees with the Law Reform Commission’s proposals to relax the current prohibition of outcome-related fee structures for arbitration to enhance Hong Kong’s competitiveness as an arbitration centre, but suggests that a phased approach be adopted to the implementation of flexible fee structures. Due consideration should also be given to the protection of the interests of smaller businesses opting for such a means of dispute resolution.