AmCham Welcomes “Smart” moves in the 2017 Chief Executive Policy Address

thumb_1511_news_normal.jpeg

Hong Kong – January 19, 2017 – The American Chamber of Commerce in Hong Kong (“AmCham”) appreciates the HKSAR government’s response to the need of promoting smart living at the community level and expanding Hong Kong’s reach to opportunities in partnership with mainland Chinese cities in areas of professional services and trade and investment.

Smart City

“Smart city is a collaborative concept. AmCham is delighted that the Policy Address allocated resource to fuel bottom-up drivers to develop Hong Kong as a smart city,” said Chairman Walter Dias.

“This is a good start to ‘unravel the spirit of smart living’ as the Chamber advocated in our submission. The successful experiences of other cities informed us that the people component is essential to mobilize ideas of innovation technology to apply it in everyday life. The allocation of HK$500 million to the Innovation and Technology Fund for Better Living will help greatly to realize smart living,” Dias noted.

AmCham also welcomes the government’s offer of tax and financial concessions to attract innovation and technology enterprises from mainland China and overseas.  However, Hong Kong must adopt a public-private, cross-sectoral and cross-border collaborative approach when developing the smart city blueprint in order to live and breathe the essence of “connectivity” for a smart city.

AIIB & CEPA

AmCham is pleased to learn that Hong Kong has been invited to join the Asia Infrastructure Investment Bank (AIIB) later this year. We look forward to seeing an AIIB office in Hong Kong soon. The HKSAR’s intention to negotiate agreements with mainland authorities for the city to join cross-boundary infrastructure development projects is welcomed.

“We are encouraged by further expansion and enhancement of Closer Economic Partnership Arrangement (CEPA) in areas of investment, economic and technical cooperation. Expanding Hong Kong’s management model through CEPA to other mainland cities including Nansha and Hengqin, following the trial of Qianhai, is also very encouraging news,” Dias added.

AmCham views the expansion of the Belt & Road Office a logical step ahead to meet the expected growth in investment and trade activities in the region.

Filming Industry

The Chamber is pleased to see Hong Kong’s soft power and the filming industry being recognized in the Address, as well as the proposed expansion into Belt & Road markets in film production training.

The United States is a leading country in film production with advanced technology and well-established film production brands and enterprises in the world. AmCham views the U.S. movie industry, as a key global market driver, to be an ideal partner of Hong Kong both in production training and internship opportunities. Such a partnership will position Hong Kong as a first-class film production hub in Asia with state-of-the-art facilities, top talent and technical know-how.

AmCham’s 2017 Policy Address submission

 

Contact:

Agnes Tsang (Ms.)
Director, Government Relations & Public Affairs
Tel: (852) 2530 6927
E-mail: atsang@amcham.org.hk

 

*****

ABOUT AMCHAM HONG KONG

Visit:    http://www.amcham.org.hk/amcham/advocacy/press-room
Join:     http://www.facebook.com/AmChamHK /
             https://twitter.com/AmChamHK
             https://www.linkedin.com/company/american-chamber-of-commerce-in-hong-kong

With close to 1,600 members, the American Chamber of Commerce in Hong Kong (AmCham) is one of the largest American Chambers outside the United States, the largest international chamber in Hong Kong, and one of the most dynamic and influential international business organizations in the Asia-Pacific region. AmCham’s mission is to foster commerce among the United States, Hong Kong, and Mainland China; and to enhance Hong Kong's stature as an international business center.