Thursday 29th July 2010
Dear Reader,
Arculli's rant
against competition for HKEx
The HKEx Chairman has apparently
launched a campaign to exempt it from the Competition law currently going
through LegCo. We dissect his factually flawed and technophobic arguments.
Investors in HKEx should not expect its monopolistic profit margin to continue
forever. Let the competition begin. (29-Jul-2010)
RECENT ARTICLE
The SFC and
prospectus liability
The SFC complained yesterday about deteriorating
standards of sponsors' work in listing applications. Some of the blame lies with
the SFC for abandoning in 2006 proposals to reform the law on prospectus
liability. Until investors can effectively sue for a fraudulent prospectus,
creating a stronger deterrent, the situation is unlikely to improve.
(27-Jul-2010)
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