Source: Hong Kong Government special administrative region
Innovation and Technology Commission and Competition Commission collaborate to combat anti-competitive conduct
A spokesman for the ITC said, “The ITC and the Secretariat rigorously review all information submitted by applicants and continuously enhance checking mechanisms to ensure that procurement is conducted on an independent, open, fair and competitive basis. The current case was identified and proactively reported by the ITC and the Secretariat, and certain disbursements were withheld after detection of irregularities. This reflects the effectiveness of the checking mechanisms and the high vigilance of ITC and HKPC colleagues handling the case. We have zero tolerance for anti‑competitive conduct involving funding schemes and will pursue any such cases to the end.”
The TVP was launched in 2016 to subsidise local enterprises/organisations in using technological services and solutions on a matching basis, to improve productivity, upgrade or transform their business processes. The HKPC serves as the TVP’s Secretariat. As the TVP had achieved its original objectives, it had ceased to accept new applications after December 31, 2024.
The ITC will continue to process all applications of funding schemes to the highest standards and maintain a high level of vigilance. In recent years, the ITC has also strengthened the use of technology to analyse data concerning applicants and service providers, in order to identify suspected cases more precisely and refer them to law enforcement agencies for follow‑up.
Issued at HKT 18:11
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