Thursday 8th October 2009
Dear Reader,
First some housekeeping: if you are still using Internet Explorer 7 or earlier, upgrade to IE8 now. Older versions are not fully standards-compliant, and our menus won't work properly on those. Webb-site works fine with Firefox, Safari and Chrome.
Apart from our own articles, about which we almost always e-mail, you can also follow our external news stream on our RSS Feed or (in abbreviated form) on Twitter, tracking interesting court cases, ICAC, SFC and much more, with occasional comments thrown in.
NEW ARTICLE
Post-service
Employment of Civil Servants
Watching the Leung Chin Man case, we discovered that the not-so-public register
of approved employment of ex-senior civil servants is only available offline,
and entries are "unpublished" as soon as people quit. This must be the only
government in the world which tries to make official secrets out of public
documents rather than vice versa. To improve transparency, we are now putting
the register online, along with annual reports of the advisory committee from
1990 to 2003.
RECENT ARTICLES
Tack Hsin's
secret subscriber (7-Oct-09)
We look at restaurant operator Tack Hsin's moves to put itself in play, and peer
again into the gaping hole in Hong Kong's Listing Rules which permits the people
involved in deals with listed companies to remain anonymous. Hong Kong is
building its reputation as a sunny place for shady people.
SDI breaches
go dark at SFC (6-Oct-09)
The SFC has quietly stopped disclosing details of successful prosecutions for
failure to disclose shareholdings, including the name of the offender and the
company involved. This is important information for investors, and we urge them
to reinstate it. We also look at its questionable and inconsistent policy of
redacting names from historic press releases.
Pass it on!
This free newsletter goes to over 19,000 practitioners, issuers,
regulators and investors in Hong Kong's markets. If you enjoy it, then please
invite a friend to find out
what they are missing and subscribe!
Visit our archives, and do your homework before you invest.
Copyright notice