Competition and competition policy

Implications of Hong Kong's reversion to China

Leonard K. Cheng*, Changqi Wu

*Corresponding author for this work

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

3 Citations (Scopus)

Abstract

The paper explores how Hong Kong's new status as China's Special Administrative Region (SAR) may affect the competitiveness of the industries and the relative position of companies owned by non-Hong Kong investors. The conclusion is that mainland Chinese firms will play an increasingly more important role in Hong Kong's economy and British firms will lose their dominance further. This does not, however, indicate a return to unequal competition in favor of firms from the sovereign country, but the beginning of a period of greater competition by all firms in Hong Kong, whether they be local or non-local. There is a risk that governmental and semi-governmental corporations of the SAR and other Chinese governments may use their official and semi-official status to tilt the playing field in their favor, but appropriate competition law can address this concern.

Original languageEnglish
Pages (from-to)279-289
Number of pages11
JournalPacific Economic Review
Volume5
Issue number2
Publication statusPublished - 20 Jul 2000
Externally publishedYes

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Cite this

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title = "Competition and competition policy: Implications of Hong Kong's reversion to China",
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Competition and competition policy : Implications of Hong Kong's reversion to China. / Cheng, Leonard K.; Wu, Changqi.

In: Pacific Economic Review, Vol. 5, No. 2, 20.07.2000, p. 279-289.

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

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