China Committee

Louis Lam, Lawrence Lui and Samuel Lai from Vialto Partners highlighted relevant tax cases during a seminar on 11 July to help companies effectively manage cross-border recruitment and evaluate practical considerations in talent mobility and remuneration policies.

In today’s challenging economic environment, businesses are working hard to attract and retain talent to grow. This involves implementing global mobility and compensation policies, including long-term incentive plans, to deploy talent locally, regionally and globally.

The speakers also discussed how salary tax issues can arise from talent relocation, cross-border double taxation, the taxing location of incentive awards, and dual employment arrangements to fulfil work permit requirements and minimize permanent establishment risk.

Chamber Chairman Agnes Chan, CEO Patrick Yeung and China Committee Chairman Felix Lee attended a luncheon meeting on 3 July with Zhou Qiang, newly appointed Head of the Commercial Office of Economic Affairs Department, Liaison Office of the Central People’s Government in the HKSAR. Zhou took up the position in May this year.     

Guo Xinjing and Yin Shanyi, representatives of the Guangdong-Hong Kong-Macao Greater Bay Area Economic and Trade Exchanges and Promotion Association, called on the Chamber on 12 July. During a meeting with Wendy Lo, Assistant Director of China Affairs & Projects, they discussed how to enhance bilateral exchanges and explore possible areas of collaboration.

Qiu Jichun, Deputy Secretary General of the Qinghai Provincial Government, visited the Chamber on 17 July. China Committee Vice Chairman Edmond Yew received the delegation. Qiu introduced Qinghai’s latest economic and trade policies and said he hoped more enterprises would visit for tourism, investment and business.

GBA Working Group

A 35-member delegation led by China Committee Chairman Felix Lee and GBA Working Group Convenor Petrina Tam visited Shenzhen, Zhongshan and Jiangmen on 18-19 July to explore business opportunities in the cities along the Shenzhen-Zhongshan Bridge.

The mission included excursions to various companies and sites of interest. Read the report on "A Bridge to GBA Cities".