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政府新聞處·新聞公報·· 1 hour agoPicksAI score80

Security Bureau and Commerce Bureau Announce Measures to Tackle Bid-Rigging in Building Maintenance, Bid-Rigging and Similar Conduct to Be Criminalised

保安局局長和商務及經濟發展局局長於打擊樓宇維修工程圍標措施記者會的開場發言(只有中文)(附圖/短片)

AI briefing

Secretary for Security Tang Ping-keung and Secretary for Commerce and Economic Development Algernon Yau announced on 30 October three major reform measures to tackle bid-rigging in building maintenance works, including criminalising four types of serious anti-competitive conduct: bid-rigging, price-fixing, market-sharing and output restriction, with a proposed maximum penalty of 10 years' imprisonment and a $10 million fine.

Why read this

The government announces the criminalisation of four types of anti-competitive conduct including bid-rigging in building maintenance, and sets out maximum penalties and adjustments to civil penalties, allowing readers to check the scope of application.

Source: 政府新聞處·新聞公報 · info.gov.hk