- Hong Kong Rolls out Further Swap Connect Enhancements
- Hong Kong Establishes Licensing Regime for Stablecoin Issuers
- Hong Kong Introduces Company Re-domiciliation Regime and Opens for Applications
- Hong Kong Passes New Law to Protect Infrastructure Cybersecurity – The Protection of Critical Infrastructure (Computer System) Ordinance
- Hong Kong Securities and Futures Commission and The Hong Kong Exchanges and Clearing Limited Launch Technology Enterprises Channel with Confidential Filing Option for Specialist Technology and Biotech Companies
- Hong Kong Securities and Futures Commission Issues Additional Guidance to Licensed Corporations on IPO Subscription and Financing Services
- Hong Kong Monetary Authority, Hong Kong Police Force, and Hong Kong Association of Banks Announce Enhanced Measures to Combat Financial Crime
- The Hong Kong Monetary Authority Launched Banking Regulatory Document Repository
- Hong Kong Gazettes Banking (Amendment) Bill 2025 to Enhance Financial Crime Detection
- Hong Kong Securities and Futures Commission Prepares Uncertificated Securities Market Regime for Early 2026
- Hong Kong Securities and Futures Commission’s Takeovers Bulletin Stresses Avoidance of Unequal Dissemination of Information Through Investor Meetings or Other Channels
- Hong Kong Securities and Futures Commission Promotes Collaboration on Virtual Assets in Abu Dhabi and Dubai
- Hong Kong Securities and Futures Commission Issues Staking Guidance for Licensed Virtual Asset Trading Platforms and Authorized Virtual Asset Funds
- Hong Kong Securities and Futures Commission Releases Consultation Paper on Proposed Amendments to Securities and Futures (Stock Market Listing) Rules, Addressing Identified Gaps and Operational Limitations in the Rules and Refining Existing Procedures
- Hong Kong Securities and Futures Commission Announces Formal Adoption of FASTrack after 6-Month Pilot Period
- Hong Kong Securities and Futures Commission Issues Guidelines on Market Soundings
- Hong Kong Competition Commission Reports Key Enforcement and Compliance Developments
Month: May 2025
A Review of Ten Years of Competition Law Implementation in Hong Kong
Hong Kong’s competition law has come of age and enterprises must now take competition law compliance seriously. As Hong Kong commemorates the 10th anniversary of competition law enactment, the Hong Kong Competition Commission (the Commission) shows mastery of competition law enforcement. Strengthening ties with local and Mainland China law enforcement and authorities, including authorities in the Greater Bay Area and the Independent Commission Against Corruption (ICAC), the Commission is poised to target larger syndicates and complex cartels.
Following the implementation of the Competition Ordinance (Cap. 619) (the Ordinance) in 2015 in Hong Kong, two key conduct rules have been established to ensure fair competition in the market. The First Conduct Rule prohibits agreements, decisions, or concerted practices between undertakings that have the object or effect of preventing, restricting, or distorting competition in Hong Kong. This includes practices such as price-fixing, market-sharing, and bid-rigging. The Second Conduct Rule targets undertakings with a substantial degree of market power, prohibiting them from abusing this power through conduct that prevents, restricts, or distorts competition. Such abusive conduct may include predatory pricing, refusal to deal, and exclusivity arrangements. Collaborations with Mainland authorities aim to foster a more unified competition policy, particularly in the Greater Bay Area through the joint initiative with the Guangdong Administration for Market Regulation, targeting enterprises in the region.
In 2025, the Competition Tribunal (Tribunal) is anticipated to continue rendering decisions on more cases, establishing crucial precedents and offering enhanced clarity for Hong Kong’s business community. As exemplified by the Commission’s recent enforcement focus included combating cartel activities affecting citizens in sectors like real estate, funeral services, cleaning services, building maintenance, and logistics technology.
A Review of Ten Years of Competition Law Implementation in Hong Kong_en