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Competition Commission (Hong Kong)
The Competition Commission is the independent statutory body charged with regulating competition in Hong Kong. It was established under the Competition Ordinance (Cap. 619), enacted in June 2012, which aims to prohibit conduct that prevents, restricts or distorts competition, and to prohibit mergers that substantially lessen competition in Hong Kong. The headquarters is located in Wong Chuk Hang, Hong Kong. Responsibilities The Competition Commission is responsible for the following: *To investigate conduct that may contravene the competition rules of the Ordinance and enforce the provisions of the Ordinance; *To promote public understanding of the value of competition and how the Ordinance promotes competition; *To promote the adoption by undertakings carrying on business in Hong Kong of appropriate internal controls and risk management systems and to ensure their compliance with the Ordinance; *To advise the Government on competition matters in Hong Kong and outside Hong Kong; ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Competition Regulator
A competition regulator is the institution that oversees the functioning of the markets. And the Law in which it takes cognizance of situations having any type of impediments and distortions on the markets and correct them is the competition law (also known as antitrust law). In general it is a government agency, typically a statutory authority, sometimes called an economic regulator, that regulates and enforces competition laws and may sometimes also enforce consumer protection laws. In addition to such agencies, there is often another body responsible for formulating competition policy. Many nations implement competition laws, and there is general agreement on acceptable standards of behaviour. The degree to which countries enforce their competition policy varies substantially. Competition regulators may also regulate certain aspects of mergers and acquisitions and business alliances and regulate or prohibit cartels and monopolies. Other government agencies may have r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta in South China. With 7.5 million residents of various nationalities in a territory, Hong Kong is one of the most densely populated places in the world. Hong Kong is also a major global financial centre and one of the most developed cities in the world. Hong Kong was established as a colony of the British Empire after the Qing Empire ceded Hong Kong Island from Xin'an County at the end of the First Opium War in 1841 then again in 1842.. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898... British Hong Kong was occupied by Imperial Japan from 1941 to 1945 during World War II; British administration resumed afte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wong Chuk Hang
Wong Chuk Hang () is a neighbourhood in the Southern District of Hong Kong Island, in Hong Kong. History Neolithic artifacts have been unearthed in a region called Chung Hom Wan, which is not far from Wong Chuk Hang. In 1550 the Hong Kong Village () was established in Wong Chuk Hang; it still exists, much diminished in size, as Wong Chuk Hang Kau Wai. A satellite village, Wong Chuk Hang San Wai, was established in the 1860s and 1870s. The name Staunton (along with valley and creek) is likely linked to Sir George Staunton, 2nd Baronet. Features Features of Wong Chuk Hang include: * Grantham Hospital * Holy Spirit Seminary * Hong Kong Police Training School * Ocean Park * Wong Chuk Hang Estate Economy The head office of the clothing Lane Crawford is in , Wong Chuk Hang. Climate Transport ;Road Aberdeen Tunnel is a two-tube tunnel linking Wong Chuk Hang and Happy Valley. ;Rail Ocean Park station and Wong Chuk Hang station, stations of the MTR The Mass Tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ocean Park Hong Kong
Ocean Park Hong Kong, commonly known as Ocean Park, is a marine mammal park, oceanarium, animal theme park and amusement park situated in Wong Chuk Hang and Nam Long Shan in the Southern District of Hong Kong. It is the second largest theme park in Hong Kong, after Hong Kong Disneyland, as well as the largest theme park in Hong Kong by area. It is also the second oldest theme park in Hong Kong, after the now-defunct Lai Chi Kok Amusement Park which closed on 31 March 1997, four months before the 1997 handover. Opened on 10 January 1977, Ocean Park became popular, but 28 years later, it was unprofitable and widely expected to close due to the new Hong Kong Disneyland. However, the Park responded with a HK$5.5 billion development plan that saw it expand to over 80 attractions and rides, and steadily grow visitor numbers to 7.6 million in 2014, making it the world's 13th most visited theme park, and one of the largest theme parks in Asia. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Hong Kong
The economy of Hong Kong is a highly developed free-market economy. It is characterised by low taxation, almost free port trade and a well-established international financial market. Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, and is pegged to the US dollar. Interest rates are determined by the individual banks in Hong Kong to ensure that they are market driven. There is no officially recognised central banking system, although the Hong Kong Monetary Authority functions as a financial regulatory authority. Its economy is governed under positive non-interventionism, and is highly dependent on international trade and finance. For this reason it is regarded as among the most favorable places to start a company. In fact, a recent study shows that Hong Kong has come from 998 registered start-ups in 2014 to over 2800 in 2018, with eCommerce (22%), Fintech (12%), Software (12%) and Advertising (11%) companies compri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Competition Law
Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as antitrust law (or just antitrust), anti-monopoly law, and trade practices law. The history of competition law reaches back to the Roman Empire. The business practices of market traders, guilds and governments have always been subject to scrutiny, and sometimes severe sanctions. Since the 20th century, competition law has become global. The two largest and most influential systems of competition regulation are United States antitrust law and European Union competition law. National and regional competition authorities across the world have formed international support and enforcement networks. Modern competition law has historically evolved on a national level to promote and maintain fair competition in markets principally within the territori ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Competition Regulators
Competition is a rivalry where two or more parties strive for a common goal which cannot be shared: where one's gain is the other's loss (an example of which is a zero-sum game). Competition can arise between entities such as organisms, individuals, economic and social groups, etc. The rivalry can be over attainment of any exclusive goal, including recognition: Competition occurs in nature, between living organisms which co-exist in the same environment. Animals compete over water supplies, food, mates, and other biological resources. Humans usually compete for food and mates, though when these needs are met deep rivalries often arise over the pursuit of wealth, power, prestige, and fame when in a static, repetitive, or unchanging environment. Competition is a major tenet of market economies and business, often associated with business competition as companies are in competition with at least one other firm over the same group of customers. Competition inside a company is u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Agencies Established In 2012
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2012 Establishments In Hong Kong
1 (one, unit, unity) is a number representing a single or the only entity. 1 is also a numerical digit and represents a single unit of counting or measurement. For example, a line segment of ''unit length'' is a line segment of length 1. In conventions of sign where zero is considered neither positive nor negative, 1 is the first and smallest positive integer. It is also sometimes considered the first of the infinite sequence of natural numbers, followed by 2, although by other definitions 1 is the second natural number, following 0. The fundamental mathematical property of 1 is to be a multiplicative identity, meaning that any number multiplied by 1 equals the same number. Most if not all properties of 1 can be deduced from this. In advanced mathematics, a multiplicative identity is often denoted 1, even if it is not a number. 1 is by convention not considered a prime number; this was not universally accepted until the mid-20th century. Additionally, 1 is the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
