8 December 2010
The Hon Andrew Leung Kwan-yuen, GBS, JP
Bills Committee on Competition Bill
8 Jackson Road, Central
We write to appeal for a change in the Bills Committee’s workplan so that members will discuss the Conduct Rules before the institutional structures for implementing the competition law.
The Hong Kong General Chamber of Commerce sees that it is essential for the Bills Committee to consider amending the workplan for several important reasons:
The Chamber sincerely hopes that members of the Bills Committee are receptive to our suggestion. We are worried that the cart might have been put before the horse if the institutional structures were to be examined before even confirming what rules the future authorities should enforce. The potential negative consequences for Hong Kong's capital markets if these issues are not considered in the round will, I am sure, be quite apparent.
Thank you very much for your attention on the matter.
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