Panel on Financial Affairs

Meeting on
Tuesday, 15 November 2016, at 9:00 am
in Conference Room 1 of the Legislative Council Complex

Revised agenda
(as at 10 November 2016)

I.

Confirmation of minutes of meeting and matters arising


(9:00 am - 9:02 am)

LC Paper No. CB(1)67/16-17
(issued on 4 November 2016)

-Minutes of the meeting on 18 October 2016

II.

Information papers issued since the meeting on 6 June 2016



LC Paper No. CB(1)1118/15-16(01) and (02)
(issued on 11 July 2016)

-Letter dated 27 June 2016 from Hon Dennis KWOK on issues relating to referendum results of the United Kingdom to leave the European Union (English version only), and an information note entitled "Responses to repercussions arising from the referendum result of the United Kingdom's membership of the European Union" prepared by the Government

LC Paper No. CB(1)1121/15-16(01)
(issued on 13 July 2016)

-Second quarterly report of 2016 on "Employees Compensation Insurance - Reinsurance Coverage for Terrorism"

LC Paper No. CB(1)1124/15-16(01)
(issued on 13 July 2016)

-Information note on "Follow-up work in the area of financial services under the National 13th Five-Year Plan - Dedicated Chapter on Hong Kong and Macao"

LC Paper No. CB(1)1161/15-16(01)
(issued on 15 August 2016)

-Second Quarter Economic Report 2016 and the press release

LC Paper No. CB(1)47/16-17(01)
(issued on 28 October 2016)

-Third quarterly report of 2016 on "Employees Compensation Insurance - Reinsurance Coverage for Terrorism"

LC Paper No. CB(1)61/16-17(02)
(issued on 4 November 2016)

-Letter dated 20 October 2016 from Hon Alice MAK (Chinese version only) on issues relating to "regulatory arrangements adopted by the Government to tackle malpractices by financial intermediaries for money lending"

LC Paper No. CB(1)61/16-17(03)
(issued on 4 November 2016)
and
LC Paper No. CB(1)86/16-17(01) and (02)
(issued on 8 November 2016)

-Written submission from the public received on 13 October 2016 on issues relating to "regulatory arrangements adopted by the Government to tackle malpractices by financial intermediaries for money lending" (Chinese version only), and the written replies dated 4 November 2016 from the Financial Services and the Treasury Bureau and the Money Lenders Unit of the Companies Registry to it (both in Chinese version only)

LC Paper No. CB(1)61/16-17(04)
(issued on 4 November 2016)

-Letter dated 18 October 2016 from Hon Dennis KWOK (English version only) on issues relating to "consultation on the proposed enhancements to the Stock Exchange of Hong Kong Limited's decision-making and governance structure for listing regulation"

LC Paper No. CB(1)61/16-17(05)
(issued on 4 November 2016)

-Letter dated 28 October 2016 from Hon Charles Peter MOK (Chinese version only) on issues relating to "development of financial technologies in Hong Kong"

III.

Date of next meeting and items for discussion


(9:02 am - 9:05 am)

LC Paper No. CB(1)78/16-17(01)
(issued on 8 November 2016)

-List of outstanding items for discussion

*Legend symbol denoting All other Hon Legislative Council Members are invited to join the discussion of Agenda Items IV to VIII. Items IV and VIII involve legislative proposals while item VI is a staffing proposal.IV.

Briefing on the proposed Members' Bill to amend the Professional Accountants Ordinance


(9:05 am - 9:30 am)

LC Paper No. CB(1)78/16-17(02)
(issued on 8 November 2016)

-Background brief and the draft bill provided by Hon Kenneth LEUNG (English version only)

LC Paper No. CB(1)78/16-17(03)
(issued on 8 November 2016)

-Extract of minutes of meeting of Panel on Financial Affairs held on 6 June 2016

*Legend symbol denoting All other Hon Legislative Council Members are invited to join the discussion of Agenda Items IV to VIII. Items IV and VIII involve legislative proposals while item VI is a staffing proposal.V.

Briefing on the work of Hong Kong Monetary Authority


(9:30 am - 10:55 am)

LC Paper No. CB(1)78/16-17(04)
(Chinese version issued on 9 November 2016, English version issued on 10 November 2016)

-Paper provided by the Hong Kong Monetary Authority ("HKMA")

LC Paper No. CB(1)37/16-17(01)
(issued on 27 October 2016)

-Letter dated 18 October 2016 from Dr Hon Fernando CHEUNG on issues relating to the lack of sufficient bank branches for the socially disadvantaged in the community (Chinese version only)

*Legend symbol denoting All other Hon Legislative Council Members are invited to join the discussion of Agenda Items IV to VIII. Items IV and VIII involve legislative proposals while item VI is a staffing proposal.VI.

Proposed creation of a non-civil service Executive Director position in the Financial Services Development Council Secretariat of the Financial Services Branch of the Financial Services and the Treasury Bureau


(10:55 am - 11:25 am)

LC Paper No. CB(1)78/16-17(05)
(issued on 8 November 2016)

-Administration's paper on "Creation of a non-civil service Executive Director position in the Financial Services Development Council Secretariat of the Financial Services Branch of the Financial Services and the Treasury Bureau"

LC Paper No. CB(1)78/16-17(06)
(issued on 9 November 2016)

-Background brief on Financial Services Development Council prepared by the Legislative Council Secretariat

*Legend symbol denoting All other Hon Legislative Council Members are invited to join the discussion of Agenda Items IV to VIII. Items IV and VIII involve legislative proposals while item VI is a staffing proposal.VII.

Difficulties encountered by certain enterprises in opening bank accounts


(11:25 am - 12:05 pm)

LC Paper No. CB(1)78/16-17(07)
(issued on 9 November 2016)

-HKMA's paper on "Difficulties encountered by certain enterprises in opening bank accounts"

LC Paper No. FS01/16-17
(issued on 10 November 2016)

-Fact sheet on challenges in opening bank accounts faced by certain enterprises prepared by the Research Office of Legislative Council Secretariat

*Legend symbol denoting All other Hon Legislative Council Members are invited to join the discussion of Agenda Items IV to VIII. Items IV and VIII involve legislative proposals while item VI is a staffing proposal.VIII.

Collection of levy on insurance premiums and various fees by the independent Insurance Authority


(12:05 pm - 12:40 pm)

LC Paper No. CB(1)78/16-17(08)
(issued on 8 November 2016)

-Administration's paper on "Collection of levy on insurance premiums and various fees by the independent Insurance Authority"

LC Paper No. CB(1)78/16-17(09)
(issued on 9 November 2016)

-Updated background brief on the establishment of and financial arrangements for the independent Insurance Authority prepared by the Legislative Council Secretariat

IX.

Any other business


(12:40 pm - 12:45 pm)

* All other Hon Legislative Council Members are invited to join the discussion of Agenda Items IV to VIII. Items IV and VIII involve legislative proposals while item VI is a staffing proposal.

Council Business Division 1
Legislative Council Secretariat
10 November 2016