The new CGCC Committee has been elected last month. I am much obliged to CGCC members for their trust in me as Chairman for another term, during which I will continue to partner with our member enterprises to brave challenges and capture the new opportunities that arise from China’s rapid development and regional economic cooperation.
After months of preparation, the Shanghai-Hong Kong Stock Connect scheme (“Stock Connect”) will be implemented soon. We believe that the scheme is highly significant for the longterm development of financial sectors in the Mainland and Hong Kong
The NPC Standing Committee (NPCSC) has decided on the framework for electing the Chief Executive (CE) by universal suffrage in Hong Kong, making clear provisions on the composition of the Nominating Committee (NC), the nomination threshold for candidates and the maximum number of candidates, among other issues.
An efficient and competitive international airport is of crucial importance for Hong Kong as a hub for global commerce and trade. Nevertheless, the existing two-runway system of the Hong Kong International Airport (HKIA) in Chek Lap Kok will reach its full capacity in a few years’ time.
This July, Hong Kong celebrates the 17th anniversary of its reunification with China and the establishment of the HKSAR. The Chinese General Chamber of Commerce (CGCC) has arranged an array of celebrations to share the joy with all Hong Kong people and add more positive energy to society.
Swiss voters overwhelmingly rejected a proposal to introduce what would have been the highest minimum wage in the world in a referendum last month, worrying that rising wages would seriously erode the country’s competitiveness. The Swiss experience has triggered concern and discussion in Hong Kong’s society.
The HKSAR Government completed the first round of consultation on the Methods on Selecting the Chief Executive in 2017 and for Forming the Legislative Council in 2016 earlier this month, in which various sectors of society eagerly presented their proposals and demands. In the past few months, CGCC has held seminars, forums and other activities to encourage our members and the business community to express their views.
Premier Li Keqiang stated in his first work report that Hong Kong must promote democracy in accordance with the law. During the NPC and CPPCC sessions, Zhang Dejiang, Chairman of the National People’s Congress Standing Committee (NPCSC), reiterated the Central Government’s stance that it firmly supports Hong Kong’s democratic development in accordance with the law.
The consultation paper issued by the Steering Committee on Population Policy predicts that as the population is gradually aging, Hong Kong’s workforce will begin to shrink in 2018, which will have a crucial impact on the sustainability of Hong Kong’s long-term economic and social livelihood development.
Ushering in the Year of the Horse, I would like to wish all Committee Members, members and friends of CGCC great success in their every endeavor.