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HKGCC appoints Betty Yuen as chairman

HKGCC appoints Betty Yuen as chairman

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The Hong Kong General Chamber of Commerce (HKGCC) has appointed CLP Holdings' group director Betty Yuen as chairman.

Yuen will take over from Peter Wong who retired from the chairmanship after serving for two years. Upon being elected, Yuen said, “I am truly honoured to be elected as the new chairman of HKGCC. The position comes with a great deal of responsibility, especially during a very challenging economic environment. However, with the fifth wave of COVID being contained and social-distancing restrictions being eased, we will be working towards helping Hong Kong’s economy recover and reinforcing our global competitiveness.”

Wong added that over the past two years the chamber had provided constructive proposals to the government during his term on enhancing Hong Kong’s competitiveness and helping businesses survive the pandemic.

Victor Li, chairman and group co-managing director of CK Hutchison Holdings, and Douglas Woo, chairman and managing director, Wheelock and Co, were re-elected as vice chairmen, while Guy Bradley, Chairman, John Swire & Sons (HK), was elected as vice chairman.

Previously, HKGCC did a survey about Hong Kong's brain drain. For example, the sales and marketing industry is losing skilled workers as more than 10% of practitioners have left the city. The survey also unveiled that among the surveyed businesses in the city, they had lost about 11% of sales and marketing practitioners. However, the sales and marketing industry was not the most severely impacted sector, as the engineering and technical sector had lost 28% of labours in total, the highest category among all industries, followed by finance and accounting (21%), IT (21%), and senior and general management (20%).

A total of 38% of respondents said they had been adversely affected by the loss of emigrating workers to varying degrees, ranging from medium (24%), high (12%), to very high (2%). Large companies suffered from a greater impact than SMBs as 45% of these organisations said they had been adversely affected. Comparatively, only 29% of SMBs said they had been impacted.


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