62. Some Members have proposed making a law on fair competition. Hong Kong has long been recognised as the freest and most open economic entity. We will endeavour to promote fair competition and adopt appropriate measures according to the circumstances. These range from the use of licensing conditions, contractual provisions, codes of practice and administrative measures to legislation for individual sectors. For example, we introduced competition for the telecommunications industry in 1998 and successfully promoted its development. Recently, we have been monitoring the situation in the local fuel supply market and will take suitable measures according to actual circumstances. If there are other similar problems, we will deal with them seriously on a case-by-case basis.