CLSA Publication: Is Hong Kong Anti-Competitive?

Hong Kong is the only developed economy that remains without a general pro-competition law. The SAR Government’s position that non-regulation is the best method for ensuring competitive markets is under attack. In most jurisdictions, governments operate on the assumption that markets do not automatically attract new competitors to challenge incumbents enjoying monopoly profit. Thus pro-competition policies are generally backed by a legal regime that provides the authority to intervene in cases where there is compelling evidence of anti-competitive behaviour.