The Arab Chamber of Commerce & Industry delightfully attended the Hong Kong Chief Executive, Mrs Carrie Lam Cheng Yuet-ngor, GBM, GBS, luncheon for representatives of international and local Chambers of Commerce, hosted for the first time at Government House to exchange views on Hong Kong’s challenges and opportunities with a view to formulating policy measures that would better meet the needs of the community in the upcoming Policy Address.
In attendance were also the Honorable, Paul MP Chan, Financial Secretary; Matthew Cheung Kin-chung, Chief Secretary for Administration; Teresa Cheng Yuek-wah, Secretary for Justice; Edward Yau, Secretary for Commerce and Economic Development; among other key Government officials.
Mrs Lam said that 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 per cent in the first quarter of this year and no room for optimism for the second quarter and the entire year. She said that the Government of the Hong Kong Special Administrative Region (HKSAR) has been closely monitoring the global and local economic situations and maintaining close contact with the business sector, including numerous local small and medium enterprises, 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 also said that the disputes in society in recent months are not conducive to Hong Kong’s continued development and that she would spare no efforts to deal with them. Emphasizing that the rule of law is the cornerstone of the city’s success and violence is not a solution to any problem, she expressed the 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.
About 40 leaders and senior representatives of major Chambers of Commerce were in attendance.
Lord Edwin E. Hitti on behalf of Chamber members addressed various issues of pressing interest with the Chief Executive and the Secretary for Justice, expressing great concern and support for the people of the Hong Hong SAR, while offering every mean to assist wherever necessary.