Panel on Financial Affairs

Meeting on Monday, 1 November 2010 at 9:00 am
in Chamber of the Legislative Council Building

Agenda
(as at 28 October 2010)

I.Confirmation of minutes of meeting and matters arising

LC Paper No. CB(1)130/10-11
(issued on 21 October 2010)

-Minutes of the meeting on 14 October 2010

II.Information papers issued since the last regular meeting on 5 July 2010

LC Paper No. CB(1)2449/09-10(01)
(issued on 5 July 2010)

-Administration's information note on "Government injection of contribution exercise - Summary Report"

LC Paper No. CB(1)2479/09-10(01) and (02)
(issued on 7 July 2010)

-List of outstanding follow-up actions for the Panel and Administration's response on tobacco duty, depreciation allowances under "import processing" arrangements and tax appeal mechanism

LC Paper No. CB(1)2608/09-10(01)
(issued on 20 July 2010)

-Administration's paper on second quarterly report of 2010 on Employees Compensation Insurance Reinsurance Coverage for Terrorism

LC Paper No. CB(1)2613/09-10
(issued on 21 July 2010)

-Hong Kong Monetary Authority's information folder containing materials about the launch of a new series of Hong Kong banknotes

LC Paper No. CB(1)2633/09-10(01) and CB(1)2743/09-10(01)
(issued on 23 July and 17 August 2010)

-Submission from a member of the public dated 8 July 2010 concerning the regulation of leveraged foreign exchange activities and Hong Kong Monetary Authority's reply

LC Paper No. CB(1)2676/09-10(01), (02) and (03)
(issued on 30 July 2010)

-Administration's summary note and publication on "Hong Kong Population Projections 2010-2039", and a publication entitled "Hong Kong Life Tables 2004-2039"

LC Paper No. CB(1)2685/09-10(01)
(issued on 3 August 2010)

-Referral from the Complaints Division of the Legislative Council Secretariat concerning the regulation of the sale of complex and high risk investment products

LC Paper No. CB(1)2742/09-10(01)
(issued on 16 August 2010)

-Second Quarter Economic Report 2010 and the press release

LC Paper No. CB(1)2793/09-10(01) and (02)
(issued on 2 September 2010)

-Hon Mrs Regina IP's letter dated 5 August 2010 regarding the HKMC and HKMC's response

LC Paper No. CB(1)3029/09-10(01)
(issued on 12 October 2010)

-Process Review Panel for the Securities and Futures Commission Annual Report to the Financial Secretary for 2009-2010

LC Paper No. CB(1)113/10-11(01) and (02)
(issued on 20 October 2010)

-Submission from a member of the public dated 25 and 26 September 2010 regarding assessment of properties tax and the Administration's response

LC Paper No. CB(1)114/10-11(01)
(issued on 20 October 2010)

-Submission from a member of the public dated 29 September 2010 regarding the assessment of rates

LC Paper No. CB(1)241/10-11(01)
(issued on 27 October 2010)

-Administration's paper on third quarterly report of 2010 on Employees Compensation Insurance - Reinsurance Coverage for Terrorism

III.Date of next meeting and items for discussion
(9:00 am - 9:05 am)

LC Paper No. CB(1)217/10-11(01)
(issued on 28 October 2010)

-List of outstanding items for discussion

LC Paper No. CB(1)217/10-11(02)
(issued on 28 October 2010)

-List of follow-up actions

*IV.Briefing on the work of Hong Kong Monetary Authority
(9:05 am - 10:35 am)

LC Paper No. CB(1)217/10-11(03)
(issued on 26 October 2010)

-Administration's paper on Hong Kong's recent economic situation and near-term outlook

*V.Companies Ordinance Rewrite
(10:35 am - 11:05 am)

LC Paper No. CB(1)217/10-11(04)
(issued on 26 October 2010)

-Administration's paper on Companies Ordinance rewrite

LC Paper No. CB(1)214/10-11
(issued on 28 October 2010)

-Background brief on Companies Ordinance rewrite prepared by the Legislative Council Secretariat

*VI.Joint consultation conclusions on a proposed operational model for implementing a scripless securities market in Hong Kong
(11:05 am - 11:35 am)

LC Paper No. CB(1)217/10-11(05)
(issued on 26 October 2010)

-Administration's paper on a consultation conclusions proposed operational model for implementing a scripless securities market

LC Paper No. CB(1)215/10-11
(issued on 28 October 2010)

-Background brief on proposal to implement a scripless securities market in Hong Kong prepared by the Legislative Council Secretariat

*VII.Legislative proposals to provide profits tax deduction for capital expenditure on intellectual properties
(11:35 am - 12:05 pm)

LC Paper No. CB(1)217/10-11(06)
(issued on 26 October 2010)

-Administration's paper on legislative proposals to provide profits tax deduction for capital expenditure on intellectual properties

LC Paper No. CB(1)216/10-11
(issued on 26 October 2010)

-Background brief on proposed profits tax deduction for capital expenditure on intellectual property rights prepared by the Legislative Council Secretariat

*VIII.Creation of a supernumerary directorate post in the Inland Revenue Department
(12:05 pm - 12:25 pm)

LC Paper No. CB(1)217/10-11(07)
(issued on 26 October 2010)

-Administration's paper on creation of a supernumerary post of Chief Assessor in the Inland Revenue Department

IX.Any other business
(12:25 pm - 12:30 pm)

* All other Hon Members of Legislative Council are invited to join the discussion of agenda items IV to VIII. Items V to VII involve legislative proposals. Item VIII is a staffing proposal.

Council Business Division 1
Legislative Council Secretariat
28 October 2010