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| No.3 June, 2012 |
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Hong Kong passes Competition Bill |
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 The Competition Bill was passed by the Hong Kong Legislative Council on 14 June 2012.
The Secretary for Commerce and Economic Development, Mr Gregory So, welcomed the passage. He said, "The passage of the Competition Bill is a major milestone in the development of competition policy in Hong Kong, signifying the determination of the Government in maintaining fair and free competition in the market."
The Competition Bill was introduced to the Legislative Council in July 2010. It aims to provide a legal framework to curb and effectively tackle anti-competitive conducts that are of most concern to the general public in various sectors.
The legislation of the Competition Bill will be implemented in phases so the public and the business sector can become familiar with the new legal requirements during the transitional period and make necessary adjustments.
Right now, the immediate work of the Hong Kong government is to establish, as soon as possible, the Competition Commission and the Competition Tribunal. The Commission will be responsible for enforcement of the legislation and will conduct publicity campaigns and public education activities and prepare guidelines. It is expected that the preparatory process will take at least one year.
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