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past events |
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2010/03/18 Winning the Talent War -- The 8 Essentials |
Kerry Larkan, a leading Australian author, keynote speaker, commentato...
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2010/03/17 EU Trade Policy after the Lisbon Treaty |
Helena Konig, Trade Directorate-General, European Commission, spoke at...
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2010/03/12 Luncheon with the Financial Secretary John Tsang |
HKSAR Financial Secretary John Tsang elaborated on his latest Budget a...
details>> |
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2010/03/02 Can Asia-Pacific Economies Save the Doha Round? |
Five years after WTO members convened in Hong Kong, the Doha Round is ...
details>> |
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2010/02/11 Chocolate to Melt Your Heart |
Ten lucky members had the opportunity on February 11 to make their own...
details>> |
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Hong
Kong General Chamber of Commerce
Chamber Statement on Competition
The purpose of this Statement is to
promote pro-competitive practices among Chamber members, so as to preserve and enhance
free competition.
Support for competition
- The Chamber supports competition and an open and fair
competitive environment for business, both in Hong Kong and globally.
We recognize
that competition is important, not for its own sake but as a means to upgrade quality and
productivity, attract first-class investment, and hence enhance the competitiveness of
Hong Kong.
- The Chamber believes that there should
be a level playing field for Hong Kong companies both here and overseas.
While
promoting an open and fair competitive environment here, the Chamber advocates that Hong
Kong companies should encounter the same open environment in a foreign country.
Promoting competition
- The Chamber urges members to refrain
from restrictive practices. These can include collusive or predatory behaviors that
impair economic efficiency or free trade.
The principle of
self-regulation
- The Chamber believes that most business
sectors, given the right conditions and encouragement, can regulate their own affairs and
take account of ethical, legal and moral standards.
In sectors subject to government
regulation, we believe greater competition can be achieved through pro-competitive
regulatory reform, as evidenced by the substantial benefits brought about by the
de-regulation in the telecommunications industry.
- The Chamber believes that self-regulation within the business
community is an effective means of promoting competition.
A self-regulatory code of
practice can provide a positive guide for ethical businesses on agreed best practices that
provide safeguards to consumers as well as ensure a competitive marketplace.
Industry specific
self-regulation
- The Chamber encourages specific
industries to develop, through their respective associations, statements or codes of
practice to promote competition within their own sectors. These codes should address
common complaints and concerns about practices specific to the industries. Where possible,
they should include a complaints-handling procedure as well as provisions to deal with
non-compliance of their members.
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