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Lee Kuan Yew arrives in Liverpool, 1946
Singapore was then a British colony, but the entry records record him as both a citizen of China and British. Also on the same ship were future leading figures in HK. (30-Mar-2015)

Government cites Webb-site board stats without attribution
The Government has cited statistics from Webb-site Who's Who without attribution, instead attributing them to SEHK. You're welcome. (25-Mar-2015)

China Money Recycling
A graphic from this week's judgment on China Metal Recycling (0773) seems strangely familiar. (14-Mar-2015)

NPCSC poll results: not much optimism
The results of the Webb-site Opinion Poll on "NPCSC decision - pocket or not" show that the opponents of the NPCSC proposal don't want to get stuck with it, but they don't expect a veto will produce a better offer for 2022. Meanwhile the proponents recognise that the current offer is fake democracy, but they think it is worth taking in the hope of real democracy later. (10-Feb-2015)

Top stocks on the Southbound through train by value, 5-Feb-2015
Visit Webb-site Who's Who daily for updates. CCASS positions lag transactions by 2 days. (6-Feb-2015)

Beijing's 2020 vision for LegCo
In the past few days, it has become clear how Beijing plans to rig the 2020 LegCo elections to claim "universal suffrage" without losing control. This gives even less reason for legislators to approve Beijing's proposal for the 2017 Chief Executive election. (3-Feb-2015)

The architect and surveyor cartels
Webb-site finds written evidence of price-fixing and other anti-competitive practices at the HK Institute of Architects, HK Institute of Landscape Architects and HK Institute of Surveyors. But they do have 1 legislator and 30 seats in the CE's Election Committee, so when will C Y Leung activate the Competition Ordinance? (25-Jan-2015)

Yes Pope Frank, we can mock faiths
Pope Francis says its OK to punch someone who insults his mother, and we cannot make fun of faith. No, it's not. No insult justifies an assault, whether it's an insult against you, your mother or Muhammad, and whether it is a punch, a massacre or a state-sponsored flogging. Laws against blasphemy, insult and mockery have no place in an open society and incentivise intolerance of free speech. (17-Jan-2015)

Occupy school suspension order was invalid
We have investigated the Government's actions during the "Occupy" protests and find that it lacked the legal powers to order district-wide class suspensions, and was therefore acting outside the rule of law. (13-Jan-2015)

The bubbles in CNN
We warn investors of 3 bubbles amounting to HK$20.0bn (US$2.58bn) in the "Chung Nam Network" of listed companies, Heritage (0412), Rising Dev (1004) and Mascotte (0136) and look at a blatantly bad decision by the board of Hao Tian (0474), and an undisclosed Very Substantial Acquisition by that company. One of the bubbles is even a Russian doll "double bubble" - one owns the other. (8-Jan-2015)

Imperial Pacific bubble
We look at the HK$24.8bn (US$3.2bn) bubble in Imperial Pacific (1076) surrounding a Macau junket operation and a casino project in Saipan. (8-Jan-2015)

Petition filed with SEHK and Listing Committee
We close and submit the petition on 1-share-1-vote, and call on the Listing Committee to get back to improving the quality of HK's market rather than trying to degrade it, starting with 4 key issues. (2-Jan-2015)

Kuangchi the stratospheric stock
Our latest New Year bubble worth popping is Kuangchi (0439), HK's top-performing stock of 2014, valued at HK$32.03bn (US$4.13bn) or 16.1x NTAV. (2-Jan-2015)

SFC actions risk chilling critics
A New Year's Eve SFAT ruling reveals an SFC action against Moody's for its 2011 "red flags" report, following the recent launch of MMT action against a short-selling analyst. The SFC risks chilling publication of critical opinion and analysis - something we would hate to stop doing. We will be watching the cases carefully. (1-Jan-2015)

Other news

Chen Jiasong, ED of ABC (0030), charged with bribery and fraud
ICAC, 31-Mar-2015
This is probably about the "Framework Agreement" announced on 5-Oct-2009, and the formal agreement announced on 11-Feb-2010, to acquire Gold Vast Holdings Ltd (BVI). The deal was terminated on 10-Jan-2011.

China Yurun Food (1068): Honorary Chairman under house arrest
Company announcement, 30-Mar-2015
Yurun, but you can't hide.

Ordinance gazetted to facilitate paperless shares. HK-listed domiciles
HK Government, 27-Mar-2015
Not yet in effect and, when it is, it will only apply to the 212 HK-listed companies (12%) which are incorporated in HK. Webb-site Who's Who shows the current leading domiciles are Cayman (817) and Bermuda (509), together accounting for 75% by number. They need to legislate too.

Court grants order for Joe Chong Wai Moon to attend SFC interview
SFC, 26-Mar-2015
An educated guess: at least one of the 3 SFC investigations probably relates to a massive stock ramp by persons unknown in the shares of Seamless Green China (8150) during 2009. Mr Chong's fund, Wealth China & HK Growth Fund, was a shareholder.




Previously on Webb-site.com
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Important notice: All material on this site, except where otherwise accredited, is copyright to Webb-site.com. Media are welcome to quote from articles on this site, provided that such quotation is attributed to Webb-site.com. The information in this site should not be relied upon by any person in making any investment decision. No responsibility or liability is accepted by Webb-site.com or any person related to it for any loss arising from or in reliance upon the whole or any part of the contents of this site. Persons who are in any doubt about an investment or potential investment in a security should take professional advice before making their decisions in relation to any investment. From time to time parties associated with Webb-site.com may own long or short positions in securities issued by or related to companies or governments on which we comment.

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Today's birthdays, 1 April
From Webb-site Who's Who
Age
de Clare, Margaret (1287) 728
Stopford Sackville, William Bruce 209
Churchill, Clementine Ogilvy 130
Bowes-Lyon, John Herbert 129
Yeo, Kok Cheung 112
Reynolds, Debbie (fka Mary Frances Reynolds) 83
Shaw, Harold Vee Chung 76
Davies, David John 75
Wang, Michael Chia Ming 71
Ma, Chuan Fang 64
Varley, John Silvester 59
Fletcher, Jodyanne 45
Roosevelt, David Anthony 45
Ellwood-Russell, Jolyon 42
Yin, Trudy Yung Lui 40
Lamb, Mark David 22
Freud, Jonah Henry 18

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