|2021/11/04||Competition (Block Exemption for Vessel Sharing Agreements) Order Consultation Paper|
The Chamber supports the extension of the Competition (Block Exemption for Vessel Sharing Agreements) Order (“the Order”) in its current form for another term of five years. We believe that the existing Order and proposed period of extension will provide a stable and predictable regulatory environment for and in sustaining the competitiveness of Hong Kong’s shipping and logistics sector– a major pillar of our economy. We also continue to advocate for the removal of the market share limit for vessel sharing agreements currently imposed under the Order for the reasons set out in our response.
|2021/10/29||HKEX Consultation Paper on Special Purpose Acquisition Companies (SPACs)|
The Chamber notes that despite the recent interest in and use of Special Purpose Acquisition Companies (SPACs) as a listing vehicle, there have been growing concerns and regulatory scrutiny in early adopter jurisdictions such as the United States. Should SPACs be approved in Hong Kong, the Chamber recommends that such instruments be subject to the HKEX’s Listing Rules to the greatest extent possible.
|2021/10/15||Public Consultation on Proposed Code of Practice for Third Party Funding of Mediation|
The Chamber believes that there are a number of fundamental issues which should be addressed before consideration is given to the issue of whether a Code of Practice for Third Party Funding of Mediation is needed. Should the decision be made to proceed with the implementation of such a code, we would suggest against the replication of contents of the existing code for arbitration given that there are fundamental differences between these two forms of alternative dispute resolution.
|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.