On China’s Heels, Hong Kong Mulls Competition Law

Law360, New York (April 19, 2006, 12:00 AM EDT) -- As China prepares to unveil its first full-fledged competition law, Hong Kong may soon be mimicking the mainland by introducing its own broad-based competition policy.

"We have an entirely open view towards this issue," said Stephen Ip Shu-kwan, the Secretary for Economic Development and Labor, on Tuesday.

The statement came in response to an independent study’s recommendation that Hong Kong adopt either a general competition policy or sector-specific legislation, following an examination into possible petrol price-fixing.

The government intends to hold off on deciding its course...
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