Chairman
Economic Policy Committee
The committee's brief is to study and advise the General Committee and Chamber Directorate on broad economic policy and draft legislation likely to affect trade, commerce, industry, finance or services, and the general economic environment, competitiveness and future of Hong Kong.
Past Events
Economic Policy Committee Meeting: the Evolving Landscape Shaped by the New US Presidency
4 June 2025
Steve Vickers, Founder and Chief Executive Officer of Steve Vickers and Associates, and Carlos Casanova, Managing Director and Senior Economist for Asia at Union Bancaire Privée, provided valuable insights into the Asia-Pacific’s geopolitical and economic landscape at the committee meeting. Vickers stressed the critical implications of Sino-US tensions for the region’s stability and business environment, while Casanova highlighted tariff uncertainties continue to put downward pressure on global economy. With the newly elected President of South Korea and China’s upcoming five-year plan, members discussed the challenges for businesses amid the region’s continuously adapting dynamics.
Government Budget 2025-26: Beyond the Deficits
4 March 2025
We had a full house at the roundtable luncheon, with Carlos Casanova, Managing Director and Senior Economist for Asia at UBP, Stanley Ho, Tax Partner at KPMG, and Heiwai Tang, Director at Asia Global Institute, engaged in a lively discussion on the latest Budget. Jim Taylor, the chairman of the economic policy committee, is serving as the moderator for the discussion.
Carlos shared the challenges of diversifying the economy and creating new revenue streams for Hong Kong. Meanwhile, Stanley presented the tax policies in the Budget and provided an overview of the global minimum tax mechanism. Heiwai highlighted the trend of Hong Kong's fiscal reserves, emphasizing the importance of not only examining the figures but also considering the overall trend, which serves as a crucial reminder to focus on long-term economic development.
Post-Budget Meeting
28 February 2025
The Economic Policy and Taxation committees co-hosted a post-Budget briefing on 28 February featuring Bruno Luk, Deputy Secretary for Financial Services and the Treasury, and Joyce Cheung, Principal Economist of the Financial Secretary’s Office. They engaged in discussions with members regarding the recently announced Budget and addressed various issues related to bond issuance, as well as exploring potential strategies to enhance public finances.
Committee Members
Leadership
Chairman
Mr Ivan Chan
General Manager Corporate Affairs, Cathay Pacific Airways Ltd
Vice Chairman
Mr Benson Luk
Chief Strategy Officer, Chairman’s Office, Lai Sun Development Co Ltd
Vice Chairman
Mr Roy Ng
Chairman and CEO, Star Lite (HK) Ltd
Committee Members
Member
Mr Carlos Casanova
Senior Economist Asia, Union Bancaire Privee UBP SA
Member
Mr Steve Siu Cheong Choi
Partner, JCMarkinze Ltd
Member
Prof Terence Chong
Associate Professor of Economics, CUHK Business School, Chinese University of Hong Kong, The
Member
Mr Johnny Chu
Director, Audit and Assurance / Financial Advisory, Baker Tilly Hong Kong
Member
Mr Peter Churchouse
Managing Director, Portwood Co Ltd
Member
Dr Mo Ji
Managing Director, Chief China/HK Economist, DBS Bank (Hong Kong) Ltd
Member
Dr Jayson Shi Jia
Associate Professor in Marketing, Faculty of Business & Economics The University of Hong Kong
Member
Mr Mark C Kwok
Director, Wing On Co Ltd, The
Member
Mr Kelvin Lau
Chief Economist, Head of Economic Research, Hang Seng Bank Ltd
Member
Dr Felix Kar Chung Lee
Co-CEO, GBA Healthcare Group (HK) Ltd, The
Member
Mr Hans Leung
Deputy General Manager - Group Corporate Affairs, CK Hutchison Holdings Ltd
Member
Ms Peggy Liu
Senior Consultant, ONC Lawyers
Member
Ms Elaine Yuen Man Lo, MH
Senior Managing Partner, Jingtian & Gongcheng LLP
Member
Dr Mark C Michelson
Chairman, Asia CEO Forum, IMA Asia Ltd
Member
Mr John Anthony Miller
Senior Consultant, Sun Hung Kai Properties Ltd
Member
Mr Frederick Mocatta
Executive, Sir Elly Kadoorie & Sons Ltd
Member
Mr Christopher Murphy
General Manager, Hong Kong, Compagnie Francaise d'Assurance pour le Commerce Exterieur, branch in Hong Kong
Member
Mr Alan Ng
Senior Director-Planning & Development, CLP Holdings Ltd
Member
Mr Samuel Chiu Mo Tsang
Executive Chairman, Century Legend (Holdings) Ltd
Member
Ms Lydia Tsui
Director, Brunswick Group Ltd
Member
Ms Sally Wan
Governing Committee Member, Hong Kong Federation of Insurers, The
Member
Mr Marco Wong
Senior Vice President, PCCW Ltd
Member
Miss Catherine Yen
Partner, Ernst & Young
Member
Mr Edmond Kwok Yin Yue
Director, Wo Hing Construction Co Ltd
Observer
Ms Teresa Ng
Hong Kong Statistical Society
* In alphabetical order
1) Mission
To study and advise the General Committee and Chamber Directorate on Government economic policy, economic reports and draft legislation likely to affect trade, commerce, industry, finance or services, and the general economic environment and future of Hong Kong.
2) Membership
The Committee is open to any Full Member of the Chamber. Committee members should be qualified professional economists, or individuals working in the field of economics or economics-related work in the in the business or financial sectors.
Chamber individual associate members who wish to apply as observers to the Committee should possess similar professional background.
Committee membership is subject to agreement by the committee chairman and the Chamber CEO.
Members may nominate others similarly qualified to attend meetings on their behalf by prior arrangement with the Committee Chairman.
Members should observe the “Guidelines for HKGCC Committees”.
3) Objectives
To initiate general studies and specific research projects on economic issues affecting, or likely to affect, trade, commerce, industry, finance or the general economy of Hong Kong.
To initiate studies of the economies of Hong Kong’s Asian neighbours and major trade, investment or business partners to assess the relative competitiveness and performance of the Hong Kong economy and/or economic initiatives undertaken by them which may directly or indirectly affect Hong Kong.
To prepare reports and submissions for presentation to Government on various aspects of the Hong Kong economy and the future economic policy options available to Government.
To liaise, where necessary, with other Committees of the Chamber and with outside commercial, industrial and professional associations, and with government, both locally and internationally.
To direct the formulation of an independent Chamber economic view and ensure its dissemination to relevant bodies, both within and outside Hong Kong.
To carry out any other related work the General Committee or the Directorate, might, from time-to-time, request.
