Hong Kong Exchanges and Clearing Limited

Note: for articles on regulatory affairs of HKEx and SFC, please see our separate section.

David Webb resigns as HKEx director
Company announcement, 15-May-08

Bob Bunker runs for HKEx Board
Webb-site.com is pleased to announce that Bob Bunker has accepted a nomination to run in the contest for election as a director of HKEx. Two board seats are available. We recommend shareholders vote in favour of Mr Bunker and incumbent director Mr Bill Kwok Chi-piu, and against all other candidates. We also update you on the Ocean Grand case. (31-Mar-08)

Replay of investor call with David Webb, INED of HKEx, hosted by Citicorp, 17:00 10-Sep-07

Intervention Returns
We look at the HK Government's surprise disclosure of 5.9% of HKEx, where it might go next, and how it quietly scrapped a 5% benchmark on the Exchange Fund weighting in HK stocks, leaving it as the 2nd-biggest investor after the mainland Government. With about HK$1 trillion of surplus liquid assets, whatever happened to Donald Tsang's "big market, small government"? We call on the Government to return its surplus capital to the people with a 10-year program of deliberate budgeted deficits. (10-Sep-07)

Results of AGM
Company announcement, 26-Apr-06

Loh Joins Webb in Run for HKEx Elections
MEDIA RELEASE: Webb-site.com is pleased to announce that Christine Loh, Chief Executive of Civic Exchange, has accepted a nomination to run for election as a director of HKEx, increasing the representation of investor interests on the board of HKEx. (7-Apr-06)

Time to Close the Floor
It's been nine years in the making, but trades which touch the floor of the Stock Exchange have now dwindled to 3% of market volume, and the lease expires on Halloween 2005. It is time to close the floor and celebrate the fact that we have an electronic order-driven market rather than a living museum. Anyone for go-karting? (12-Oct-04)

Almost No Mandate
The tide is turning in Hong Kong's battle for pre-emptive rights. In a close shareholder vote, the board of HKEx almost lost its general mandate to issue new shares, by asking for a 20% cash mandate, against the recommendations of Project Vampire. And this is the company whose subsidiary makes the Listing Rules which allow such mandates in the first place. Things weren't much better over at Bank of East Asia, either (5-Apr-04)

Results of AGM
Company announcement, 31-Mar-04

HKEx voting recommendations
At last year's AGM, Webb-site.com editor David Webb was elected to the board of HKEx on a shareholder nomination, a first for a HK-listed company, we think. Now we give you our voting recommendations for the 2004 AGM, and the reasons. (14-Mar-04)

HKEx AGM Shake-up
We look back on an eventful evening on the floor of the Hong Kong Stock Exchange, as shareholders seized their first chance to shake up the board of HKEx, electing the first investors, including Webb-site.com editor David Webb, to serve on the board, and rejecting 5 out of the 8 broker candidates, 3 of whom were incumbent directors recommended by the board. (16-Apr-03)

Full Voting results at 2003 AGM
Company web site, 15-Apr-03

Partial voting results at 2003 AGM
Company press release, 15-Apr-03

HKEx should adjourn the AGM
Yesterday HKEx announced 3 new candidates for elections at next Tuesday's AGM, leaving practically no time for institutional shareholders to respond before their custodians close the voting window. Two of the candidates are backed by broker associations, who already have 4 members on the board. We call on the Chairman, if he believes in corporate governance and shareholder equality, to adjourn the AGM for 14 days to allow all shareholders time to submit new voting instructions on the elections. (9-Apr-03)

Disserving the Public Interest
HKEx, having announced a commitment to co-operate with Government's adoption of the Expert Group's plan to shift its regulatory role to the SFC, is now fighting it. We sat down last Monday with Charles Lee, who said that HKEx was obliged to put the public interest first and co-operate with the Government's proposal. Now he has done a U-turn. Did HKEx make a false and misleading announcement? And what about dictum meum pactum? (31-Mar-03)

HKEx voting recommendations
The race is on, and we need your help. If you own shares in HKEx, and want a better-run market, then you should elect an HKEx board which for the first time includes investor representatives. Vote for David Webb and Oscar Wong and against the incumbent broker-directors at the AGM. Vote now! We also urge investors to vote against the new issue mandate and support Project Vampire. (28-Mar-03)

Ex-City man's sights on Hong Kong
London Evening Standard, 19-Mar-03

Webb running for exchange seat
HK Standard, 19-Mar-03

HKExciting!
Webb-site.com announces the candidacy of David Webb for directorship of HKEx, which is holding its first elections after almost 3 years of listing, or listlessness, depending on your view. Under its unique constitution, only 6 out of 13 directors can ever be elected. This may also be the first time a shareholder has nominated a director at the AGM of a HK-listed company. Please support us, and help make a more representative board at HKEx! (17-Mar-03)

HKEx to Merge with Jockey Club
In another scoop, Webb-site.com has learned of secret plans to merge the HKEx and the Jockey Club, capitalising on the obvious synergies of the casino-like stock market and the broad gambling customer base of the Jockey Club. The move has implications for the MPF as well as the battle against offshore football betting. Read our exclusive story...(1-Apr-01)

The Queen v Ronald Li Fook Shiu
HK Court of Appeal, 18-Apr-91

Attorney General v Ronald Li Fook Shiu
HK Court of Appeal, 6-Mar-90

Recommend Webb-site.com to a friend

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