Xie Zhanhuan: Hong Kong's energy supply is stable, closely monitoring price trends and geopolitical changes.

The Director of Environmental Protection in Hong Kong, Xie Zhanhuan, responded to legislative council members' queries by stating that Hong Kong's energy supply is stable at present. The Hong Kong government will remain vigilant and closely monitor changes in geopolitics, international energy prices, and local fuel supply to ensure a stable energy supply. He mentioned that around 80% of petroleum products in Hong Kong come from mainland China, and the department will maintain communication with relevant mainland units to support stable supply of major raw materials to Hong Kong. Xie Zhanhuan also expressed the government's concern about the impact of rising international oil prices on the transportation and logistics industry in Hong Kong. They will continue to stay in touch with the industry and closely monitor developments. He mentioned that the Hong Kong Competition Commission has conducted research on whether Hong Kong oil companies engage in price fixing and speeding up or slowing down, but there is no evidence of anti-competitive behavior. However, the Hong Kong government is very concerned about the situation, and the Competition Commission will continue to monitor whether oil companies engage in price fixing.