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2024/02/27 | Safeguarding National Security: Basic Law Article 23 Legislation The Chamber fully supports the Government’s proposed implementation of the Basic Law Article 23 Legislation, which is a welcomed step in the right direction for Hong Kong as it seeks to fulfill its constitutional duty and safeguard national security under the principle of “one country, two systems”. Whilst Hong Kong’s economic and social prosperity, as well as competitiveness as an international business hub rests upon such developments, sufficient clarity on the legal provisions and solid education and support from the Government for businesses and the public should also be considered to facilitate awareness and consensus building for the new legislation. |
2024/01/25 | Public Consultation on Promoting Paperless Corporate Communication for Hong Kong Companies The Chamber is largely supportive of the Government’s latest proposals to further promote paperless corporate communications amongst Hong Kong's businesses to meet sustainability and efficiency objectives, which is also timely to facilitate further digital transformation within both the public and private sphere.
At the same time, we recommend that a more detailed consultation of industry stakeholders on the legislative proposals, prior to their taking effect, would be beneficial to addressing potential uncertainties associated with these proposals, thereby meeting business needs whilst protecting investor interests.
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2023/11/06 | HKEX Consultation Paper on GEM Listing Reforms The Chamber welcomes the HKEX’s proposals to enhance the GEM Listing regime in light of the recent significant decline of listings. We nevertheless suggest that greater strides should be taken to attract GEM’s main intended beneficiaries – growth and small and medium sized companies (SMEs), who are crucial contributors to Hong Kong’s economy and prosperity as an international financial city – so as to facilitate the success of such reforms. Recommendations on how to achieve such objectives, comprising cost reduction and relaxing financial eligibility requirements for GEM listing, reducing the profit requirement for entry to the Main Board, as well as enhanced promotion and outreach, are also outlined in the response. |
2023/03/31 | Consultation Paper on the Proposed Regulatory Requirements for Virtual Asset Trading Platform (VATP) Operators licensed by the Securities and Futures Commission (SFC) The Chamber welcomes the SFC’s introduction of a new regulatory framework for licensed virtual asset trading platform (VATP) service operators as well as proposals to allow retail investors to access services delivered by the former, provided that there is balance between supporting the development and demands in virtual asset trading, and providing robust protection to investors and market integrity. At the same time, the Chamber notes that there exist differences in industry views on the necessity and sufficiency of certain proposed investor protection mechanisms. |
2023/03/08 | Review of the Talent List The Chamber welcomes the Government’s initiative to update the Talent List to address Hong Kong’s acute talent shortage situation and sustain a competitive economy, and puts forward recommendations on the necessary high-skilled professions for inclusion in the same. |
2022/10/19 | Consultation Paper on Cyber-dependent Crimes and Jurisdictional Issues The Chamber welcomes the HKLRC’s proposals to introduce a bespoke law that deals with the proliferation of cyber-dependent crimes given the risks of such illegal acts on Hong Kong’s businesses. The Chamber has also called for a balanced approach in the design of the new law so that other than the objective of protecting public interest, consideration should also be given to upholding business’ legitimate needs. |
2022/06/06 | Competition Commission Consultation on the Proposal to Vary (Renew) the Competition (Block Exemption for Vessel Sharing Agreements) Order 2017 The Chamber welcomes the Commission’s proposals to extend the Block Exemption for Vessel Sharing Agreements) Order 2017 (“the Order”). At the same time, we continue to advocate for the extension of the Order for five years, as well as the removal of the market share limit for vessel sharing agreements currently imposed under the Order. |
2022/02/23 | Consultation Paper on Updating Hong Kong's Copyright Regime The nature of the consultation, which concerns copyright owners and users, mean that the Chamber was unable to achieve unanimity when responding to some of the Government’s proposals to update Hong Kong’s existing copyright law. As such, the Chamber has called for a balanced approach that takes into account the rights of owners and users, while reflecting views from both perspectives on such proposals as adopting an exhaustive approach on copyright exceptions and introduction of a judicial site-blocking mechanism. |
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. |
2021/10/15 | 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. |