Meanwhile, Fong Yuk-fai, Sabrina Ho Shuk-ying and Eric Xin Yue-sheng have been appointed as new members of the city's competition watchdog.

Commenting on the appointment, Secretary for Commerce and Economic Development Edward Yau Tang-wah said he is confident that the Commission will continue to make important contributions to safeguarding competition in Hong Kong under the leadership of Chan.

He noted that the Commission is committed to promoting competition and combating anti-competitive conduct, and actively enforces the law and spearheads various aspects of its work under the Competition Ordinance.

Yau also thanked outgoing member Michael Hui Wah-kit for his valuable advice rendered during his tenure.

Separately, the Commission welcomes the reappointment of Chan, as well as three new members to the Commission.

Chan said it was an honor for him to be reappointed as the Commission continues to develop into an established law enforcement agency with growing actions on various fronts.

“I look forward to working closely with all Members and the executive arm in continuing the Commission’s mission of safeguarding market competition to the benefit of everyone in Hong Kong,” he added.

Chan was first appointed a member of the Commission on May 1, 2016, with his term of two years as chairman commencing from May 1, 2020.