Abstract
The telephone system in Hong Kong is considered by many to be essential to its social fabric. It has become especially important to the financial services sector. This paper reviews the telecommunications system in Hong Kong, especially the Hong Kong Telephone Company, and also examine cable television. The author describes the forces of change which are being exerted and analyses whether deregulation and increased competition would be of positive benefit the consumer. He suggests possible answers to the current problems and gives a solution which would benefit both users of basic voice telephones and high-volume users of value-added services.
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