ENG-2017 — Page 144

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Commerce and Industry

In 2017, the corporation's total insured business increased 25.6 per cent to $157 billion, while gross premium income gained 17.2 per cent to $331.7 million amid steady global economic recovery. Payments over cash claims rose 14.1 per cent to $82.6 million. In September, the corporation introduced a fixed amount cover endorsement on a pilot basis for one year to provide SMEs with more flexible options.

Other Trade and Industrial Support Organisations

The Federation of Hong Kong Industries, Chinese Manufacturers' Association of Hong Kong, Hong Kong General Chamber of Commerce, Chinese General Chamber of Commerce, and Hong Kong Chinese Importers' and Exporters' Association promote the interests of, and foster relationships among, their members. There are many other associations representing specific sectors or interests, and overseas chambers of commerce.

Promotion of Competition

The government promotes sustainable competition to enhance economic efficiency and free flow of trade, thereby bringing benefits to both consumers and businesses. The Competition Ordinance provides a legal framework for tackling anti-competitive conduct in all sectors and regards conduct such as price fixing, market sharing, bid rigging and output limitation as serious anti-competitive conduct.

Established under the Competition Ordinance, the Competition Commission enforces the ordinance and investigates possible contraventions, promotes public understanding of the ordinance, conducts market studies and advises the government on competition matters. The commission members, including the chairman, are appointed by the government. In 2017, the commission received 767 complaints and enquiries, brought two cases to the Competition Tribunal and issued its first block exemption order. It also published a study report on the local vehicle-fuel market.

Creative Industries

Create Hong Kong

Creative industries in Hong Kong cover eight sectors, namely advertising, architecture, design, digital entertainment, film, printing and publishing, television, and music. The government supports their development through Create Hong Kong (CreateHK), formed in 2009 under the Commerce and Economic Development Bureau's Communications and Technology Branch, which was renamed the Communications and Creative Industries Branch on 20 November 2015.

Support for Film Sector

Film Development Council

The Film Development Council advises the Secretary for Commerce and Economic Development on the policies, strategies and institutional arrangements for promoting and developing the film industry; use of public funds to support the industry; planning, coordination and implementation of film-related activities; the industry's manpower and

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