The Study Of Competition Laws Of Hong Kong

Hong Kong has developed into a modern, vibrant and cosmopolitan services economy, which is also known as one of the worlds most freely and opens market around the world. But it dose not adapt any legislation, namely the competition law, with respect to regulate and protect market economy. Because of the firmly belief of HK government in the economic policy, the best way to promote economy growth and foster competitive is to allow the operation of market itself rather than by government intervention. HK government adheres to the principle of non intervention and place less control on the market. Indeed, the industrialization of HK began in the early 1950s and reached its apex at 1980s. In 1990s, HK, the centre of manufacture, has been transformed successfully into cosmopolitan services economy. In the field of economy, as a international financial investment centre, HK has created a number of fabulous results such as the No1 free market and No1 services economy around the globe. In additional to it, HK is also a city which possesses the second largest foreign currency on average in the world. It makes it possible to allow the further expansion for a series of small and middle industrials in the territory. It may eventually lead to the dominated control of market or even monopoly after amalgamation of several enterprises. On the other hand, the small local market and the lack of comprehensive of regulation system in HK, it is extremely difficult for HK to deal with potential anti-competition action. And it is dramatically easy for business to dominate the market if it can account for market to certain extent. HK is facing the challenge of its free market policy and its international status as an international financial centre.The change in the business environment and attitude of local government determinates the development of competitive system in HK. We would focus on the development of HK economy and its legislation context as a prerequisite in order to emphasist the development and achievement of the competitive policy of HK and its related mechanism. In addition to it. we would elaborate the reality of HK economy situation from the value judgment approach and analysis the legislation reason, clarify the relationship between government and the competition law so as to conclude the a distinguishing feature of HK competitive legislation. We may also make a comparison on the draft of competition law in order to make a suggestion on the draft of competition law, which would submit to the HK legislation on 2010.Moreover, we would not concentrate on the theory due to the short of the related details available. We are going to focus mainly on the competitive law, regulation, by law, and related policy of HK. To attain the better understanding, we would also compare competitive mechanism in order to analysis the competitive legislation in HK context.