The Competition Commission (Commission) signed a Memorandum of Understanding with the Guangdong Administration for Market Regulation (GDAMR) to strengthen cooperation between the two authorities in the advancement of competition policy and law in the Guangdong-Hong Kong-Macao Greater Bay Area.
In accordance with the principle of “One Country, Two Systems” and the Outline Development Plan for the Guangdong-Hong Kong-Macau Greater Bay Area, the Commission and the GDAMR consider it appropriate to establish an effective framework for communication and cooperation on competition policy and law, with the aim of promoting a level-playing field for all businesses, and enhancing market vibrancy and social welfare as a whole. The initiative is supported by the State Administration for Market Regulation.