Anti-Corruption Law in Hong Kong

The Prevention of Bribery Ordinance (Cap. 201) (POBO) is the piece of legislation governing corruption in both private and public sectors in Hong Kong. It aims to keep our society corruption free and fair.

Section 9 of the POBO deal with corruption crimes in the private sector. It helps to maintain fair play in the private sector and uphold market integrity.
Section 9(1) & (2)

It is an offence for an agent to solicit or accept an advantage, without the permission of his principal, as an inducement to, or reward for, his doing or forbearing to do an act in relation to his principal's affairs. Offerings an advantage to an agent in such circumstances is also an offence.
Key points:
Any person employed by or acting for the principal (e.g. individual insurance agent, technical representative, insurance broker).
Generally refers to an employer. An insurance company is the principal of an individual insurance agent or its staff member. As for an insurance broker, the principal is the proposer or policy holder.
Anything that is of value, irrespective of amounts, such as money, gift, commission, loan, employment, service or favour, but does not include entertainment.
It refers to food or drink for immediate consumption on any occasion.
It refers to the principal's approval.
Doing or forbearing to do an act which is related to the principal's affair.
Section 9(3)
Use of false document, receipt or account to deceive principal by an agent.
Section 11
Giver and acceptor of bribe to be guilty notwithstanding that purpose not carried out.
Section 19
Custom in any profession, trade, vocation or calling shall not be a defence.
Maximum Penalty
A maximum of HKD500,000 fine and 7 years' imprisonment upon conviction.