Tuesday 27th October 2009
Dear Reader,
NEW ARTICLE
HKEx: no
reform to placing mandate...or anything else
HKEx's decision to leave the Rules on dilutive issue mandates unchanged is an
insult to investor opinion, expressed by their voting on this matter. Since the
2008 blackout saga, the Government and its regulators are unwilling to upset the
local business elite with reforms. As China heads for an international currency,
the tycoons are not as important to the market's future as HKEx seems to think
they are.
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