CE gauges views from chambers

July 30, 2019
Business outlook
Business outlook:

Chief Executive Carrie Lam (third right) hosts a lunch for representatives of international and local chambers of commerce at Government House.

Chief Executive Carrie Lam hosted a lunch today for representatives of international and local chambers of commerce to exchange views on Hong Kong's challenges and opportunities aimed at formulating policy measures in the upcoming Policy Address that would better meet the community’s needs.


Mrs Lam said due to the China-US trade friction and uncertainties in the external environment, Hong Kong's economic momentum has weakened in recent months, with only a modest growth of 0.6% in the first quarter of this year and no room for optimism for the second quarter and the entire year.


She noted the Hong Kong Special Administrative Region Government has been closely monitoring the global and local economic situations and maintaining close contact with the business sector to understand their needs.


She added that the HKSAR Government will introduce measures in a timely manner to help companies cope with the economic downside risks.


Mrs Lam stated the disputes in society in recent months are not conducive to Hong Kong's continued development and that she would spare no effort to deal with them.


Emphasising that the rule of law is the cornerstone of the city's success and violence is not a solution to any problem, she expressed hope that various sectors would jointly uphold the rule of law in Hong Kong.


She pointed out that everyone should continue to have confidence in the city and she firmly believes that with the concerted efforts of various sectors, Hong Kong would find opportunities amid difficulties.


Mrs Lam arranged the chamber representatives luncheon for the first time at Government House this year.


More than 40 leaders or senior representatives of major chambers of commerce attended.

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