On the day the competition law takes effect, we take a long hard look at the anti-competitive legislation and policies which support a HK$116bn taxi cartel, a $22bn minibus cartel and a $13bn non-franchised bus cartel as well as restricting the hire car market. The Government should scrap all restrictions and franchises, introduce congestion pricing, and allow competition to serve the public interest.
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SCS Joseph Wong Wing Ping on resignation of Antony Leung as FS and Regina Ip as S for S
HK Government, 17-Jul-2003
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Statement by Antony Leung Kam Chung, resigning Financial Secretary
HK Government, 16-Jul-2003
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Statement by CE Tung Chee Hwa on resignation of Antony Leung as FS
HK Government, 16-Jul-2003
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New team of Principal Officials appointed
HK Government, 24-Jun-2002
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Hong Kong Needs a Competition Law
Webb-site.com, 13-Jul-2001
In this piece on economic governance, Webb-site.com looks at the pressing need for Hong Kong to establish a comprehensive competition law and an authority with investigatory powers, in line with accepted practice in most developed markets. The government-appointed Consumer Council first called for this in 1996, and it is a necessary condition for a World-class City. An edited version of this article first appeared in the Financial Times today in a debate with HKSAR Financial Secretary Antony Leung.