Panel on Financial Affairs

Meeting on
Tuesday, 3 January 2017, at 9:00 am
in Conference Room 1 of the Legislative Council Complex

Revised Agenda
(as at 30 December 2016)

I.

Confirmation of minutes of meeting and matters arising


(9:00 am - 9:02 am)

LC Paper No. CB(1)364/16-17
(issued on 29 December 2016)

-Minutes of the meeting on 15 November 2016

II.

Information papers issued since last meeting




LC Paper No. CB(1)277/16-17
(issued on 8 December 2016)

-Quarterly Report of the Securities and Futures Commission (July to September 2016)

LC Paper Nos. CB(1)272/16-17(01) and (02)
(issued on 9 December 2016)

-Letter dated 10 November 2016 from Dr Hon Fernando CHEUNG on issues relating to the operation of the Future Fund (Chinese version only) and the Administration's response (i.e. an information note on "Update on the operation of the Future Fund")

LC Paper No. CB(1)306/16-17(01)
(issued on 13 December 2016)

-2015-2016 Annual Report of the Process Review Panel for the Securities and Futures Commission

LC Paper No. CB(1)320/16-17(01)
(issued on 16 December 2016)

-Press release on accrual-based consolidated financial statements of the Government for the year ended 31 March 2016

III.

Date of next meeting and items for discussion


(9:02 am - 9:05 am)

LC Paper No. CB(1)363/16-17(01)
(issued on 28 December 2016)

-List of outstanding items for discussion

LC Paper No. CB(1)363/16-17(02)
(issued on 28 December 2016)

-List of follow-up actions

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

Briefing by the Financial Secretary on Hong Kong's latest overall economic situation


(9:05 am - 10:05 am)

LC Paper No. CB(1)123/16-17(01)
(issued on 14 November 2016)

-Third Quarter Economic Report 2016 and the press release

LC Paper No. CB(1)190/16-17(04)
(issued on 29 November 2016)

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

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

2017-18 Budget Consultation


(10:05 am - 11:05 am)

LC Paper No. CB(1)190/16-17(05)
(to be tabled at the meeting)

-Information pack for the Financial Secretary's consultations on the 2017-2018 Budget

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

Proposed amendments to the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance to enhance the regulation of certain designated non-financial businesses and professions, and the Companies Ordinance to enhance transparency of the beneficial ownership of companies


(11:05 am - 11:45 am)

LC Paper No. CB(1)363/16-17(05)
(issued on 23 December 2016)

-Administration's paper on "Enhancing Hong Kong's Regulatory Regime for Combating Money Laundering and Terrorist Financing"

LC Paper No. CB(1)363/16-17(06)
(issued on 28 December 2016)

-Background brief on proposed amendments to the Anti-Money Laundering and Counter-Terrorist financing (Financial Institutions) Ordinance 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, V, VI, VII and IX. Item VI involves legislative proposals. Item VII is a funding proposal while item IX is a staffing proposal. VII.

Asian Development Bank - Contribution of Hong Kong to the 11th Replenishment of the Asian Development Fund


(11:45 am - 12:10 pm)

LC Paper No. CB(1)363/16-17(07)
(issued on 23 December 2016)

-Administration's paper on "Asian Development Bank - Contribution of Hong Kong to the 11th Replenishment of the Asian Development Fund"

LC Paper No. CB(1)363/16-17(08)
(issued on 28 December 2016)

-Background Brief on Hong Kong's contribution to the 11th replenishment of the Asian Development Fund prepared by the Legislative Council Secretariat

VIII.

Briefing on the work of the Financial Services Development Council


(12:10 pm - 12:50 pm)

LC Paper No. CB(1)363/16-17(03)
(issued on 23 December 2016)

-Paper provided by the Financial Services Development Council

LC Paper No. CB(1)363/16-17(04)
(issued on 29 December 2016)

-Updated 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, V, VI, VII and IX. Item VI involves legislative proposals. Item VII is a funding proposal while item IX is a staffing proposal. IX.

Proposed creation of one post of Administrative Officer Staff Grade C in the Treasury Branch of the Financial Services and the Treasury Bureau and one post of Chief Assessor in the Stamp Office of the Inland Revenue Department


(12:50 pm - 1:20 pm)

LC Paper No. CB(1)363/16-17(09)
(English version issued on 28 December 2016, Chinese version issued on 29 December 2016 vide LC Paper No. CB(1)379/16-17)

-Administration's paper on "Proposed creation of one post of Administrative Officer Staff Grade C in the Treasury Branch of the Financial Services and the Treasury Bureau and one post of Chief Assessor in the Stamp Office of the Inland Revenue Department"

X.

Any other business


(1:20 pm - 1:25 pm)

* All other Hon Legislative Council Members are invited to join the discussion of Agenda Items IV, V, VI, VII and IX. Item VI involves legislative proposals. Item VII is a funding proposal while item IX is a staffing proposal.

Council Business Division 1
Legislative Council Secretariat
30 December 2016