David Webb, a corporate governance activist, said: "The Competition Ordinance is not a panacea for the dominance of sections of Hong Kong's economy by big tycoons. It doesn't resolve structural issues." Photo: Oliver Tsang David Webb, a corporate governance activist, said: "The Competition Ordinance is not a panacea for the dominance of sections of Hong Kong's economy by big tycoons. It doesn't resolve structural issues." Photo: Oliver Tsang
David Webb, a corporate governance activist, said: "The Competition Ordinance is not a panacea for the dominance of sections of Hong Kong's economy by big tycoons. It doesn't resolve structural issues." Photo: Oliver Tsang

Competition watchdog sounds warning on exchange of industry secrets

New competition law is set to crack down on market sharing, bid rigging and other offences, according to proposed guidelines

David Webb, a corporate governance activist, said: "The Competition Ordinance is not a panacea for the dominance of sections of Hong Kong's economy by big tycoons. It doesn't resolve structural issues." Photo: Oliver Tsang David Webb, a corporate governance activist, said: "The Competition Ordinance is not a panacea for the dominance of sections of Hong Kong's economy by big tycoons. It doesn't resolve structural issues." Photo: Oliver Tsang
David Webb, a corporate governance activist, said: "The Competition Ordinance is not a panacea for the dominance of sections of Hong Kong's economy by big tycoons. It doesn't resolve structural issues." Photo: Oliver Tsang
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