The Asia-Pacific Antitrust Review 2014

Hong Kong: Procedural Issues

13 February 2014

When the Competition Ordinance (Cap 619) (the Ordinance) is fully implemented in 2014, Hong Kong will become one of the last major advanced economies to enact comprehensive competition legislation. Hong Kong has long relished its reputation as ‘the most business-friendly city in the world’ with low personal and corporate tax rates and responsible government spending. Its free market principles espouse that light touch government intervention enables competition, which ultimately leads to more choice and better prices for the consumer. As in other major economies, however, experience has shown that competition needs a helping hand and after a nearly two-decade nascence the Ordinance is finally on the statute books.