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Hong Kong antitrust agency grapples with 'triad' influence in cartels

By Yonnex Li ( November 27, 2025, 07:35 GMT | Insight) -- Hong Kong's competition regulator is tackling a complex form of cartel activity involving organized crime syndicates, where triad bosses orchestrate bid rigging without holding formal company positions. Lester Lee, legal chief of the Competition Commission, said syndicate‑driven arrangements are posing "novel questions on attribution."Hong Kong's competition regulator is tackling a complex form of cartel activity involving organized crime syndicates, where triad bosses orchestrate bid rigging without holding formal company positions, a senior official said Thursday....

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