Hong Kong&Apos;S Business Regulation in Transition

37 Pages Posted: 6 Sep 2000 Last revised: 22 Oct 2021

See all articles by Changqi Wu

Changqi Wu

Hong Kong University of Science & Technology (HKUST) - Department of Economics

Leonard K.H. Cheng

Hong Kong University of Science & Technology (HKUST) - Department of Economics

Date Written: December 1997

Abstract

The transition of Hong Kong's main economic activities from manufacturing to services is accompanied by gradual changes in the regulatory regimes for monopolies. The local telecommunication services industry has been liberalized, deregulation of public transport is taking shape, and the schemes of control for electricity suppliers are candidates for reform. In this paper, we review the evolution of business regulation in Hong Kong, analyze the salient features of its scheme of control regulation and evaluate the impact of transition from regulation to competition. To provide a sharp contrast between the difficulties of the traditional approach to regulation and the benefits of introducing competition, we focus on the cases of electricity and telecommunications. The direction for future changes is also discussed.

Suggested Citation

Wu, Changqi and Cheng, Leonard K.H., Hong Kong&Apos;S Business Regulation in Transition (December 1997). Available at SSRN: https://ssrn.com/abstract=226086

Changqi Wu (Contact Author)

Hong Kong University of Science & Technology (HKUST) - Department of Economics ( email )

Clear Water Bay
Kowloon, Hong Kong
China

Leonard K.H. Cheng

Hong Kong University of Science & Technology (HKUST) - Department of Economics ( email )

Clear Water Bay
Kowloon, Hong Kong
China

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