Key facts
- Hong Kong's competition watchdog aims to propose criminalising bid-rigging by September.
- Legislative amendments could be tabled by year-end.
- A study into the auto fuel market will also be launched.
- The moves follow the city's deadliest fire in decades.
Hong Kong's competition watchdog is preparing to submit proposals to criminalise bid-rigging as early as September. This move could lead to legislative amendments being introduced by the government by the end of the year. The initiative comes in the wake of the city's deadliest fire in decades. Additionally, the watchdog, led by its new chairman Senior Counsel Jat Sew-tong, will initiate a study into the auto fuel market due to a recent surge in prices. The auto fuel market has reportedly faced long-standing issues.