The Asia-Pacific Antitrust Review 2013

Hong Kong: Overview

23 January 2013

Introduction In June 2012, Hong Kong welcomed the long-awaited Competition Ordinance (the CO), the first competition law that applies to the entire economy of Hong Kong. The CO adopts a ‘three pillars’ approach, prohibiting anti-competitive agreements and abuse of a substantial degree of market power, as well as establishing an antitrust merger control regime (although this will, for the time being, be limited to mergers involving telecommunications carriers). Despite the broad similarities between the CO and legislation in jurisdictions such as the EU, England, Canada and Singapore, it has been drafted to take into account the economic and social circumstances of Hong Kong and therefore takes a different approach to other jurisdictions, in some respects.