On 18-Nov-2024, JPMorgan completed oustourcing its HK custodian business to HSBC, as shown in Webb-site CCASS Analysis | HSBC custody at 2024-11-18
 (20-Nov-2024)

Knock it off, Judiciary: HK courts don't use gavels
The HK Judiciary persists in promoting an object never used in courtrooms as a symbol of law and juridical work. Why not promote something else not found in courts, like a rocket? (19-Oct-2024)

IKEA removes smart-home products from HK, citing National Security Law
Not entirely consistent with the Government's goal to make Hong Kong a Smart City by investing hundreds of HK$ billions into "Innovation and Technology". (12-Sep-2024)

Putting Police in the Policy Address
A new name would set the right tone. (18-Aug-2024)

Meaningless board games at HKEX, and how the UK FCA has just made an awful mistake
We review the proposals for a 6-seat and 9-year limit on so-called INEDs, along with other changes that do nothing to address HK's corporate governance deficit. Meanwhile, a slow-motion disaster is underway in the UK as it scraps fundamental investor rights. (28-Jul-2024)

An open letter to the Board of Time Watch (2033)
 (5-Jun-2024)

Another open letter to the Board of Allan (0684)
 (4-Jun-2024)

Help maintain the Webb-site Database
We are commencing the transition of the Webb-site Database to a crowd-sourced model. Whether it survives our Founder's doom depends on whether you, the users, are willing to volunteer your time, in a "Webbipedia" crowd-sourcing of corporate data. So please get involved, and you may get a free lunch at the end of the year. (19-May-2024)

The HK budget supercomputer hallucination
According to Paul Chan's budget speech, at undisclosed taxpayer expense, HK is supposed to produce a machine 3 times more powerful than the world's current fastest, within 2 years, and without using the best chips which were banned by the USA from export to HK following imposition of the National Security Law on HK. (2-Mar-2024)

HK's Rates reforms: damage to property values, needless complexity and misdirected handouts
It's not too late for the Government to return to fiscal sanity with a simple Rates system rather than practice the populist politics of petty envy. (30-Jan-2024)

Breaking: HK Government withholds Task Force report, citing threat to financial markets stability
We asked for the report. They refused. Now we're really wondering what's in it. (29-Jan-2024)

Hong Kong Island, major vehicle exporter?
Transport Department data suggest that HK Island exported a net 1.25m vehicles in 2022, more than are on the roads in the SAR, and the Island is on track to beat that in 2023. Take a look at the data and tell us why! (9-Dec-2023)

Webb-site bubble warning: Qi-House (8395)
 (29-Oct-2023)

An open letter to the Board of Allan International Holdings (0684.HK)
 (10-Sep-2023)

At last, the Webb-site HKSAR Accounts Explorer
In honour of the 25th anniversary of the SAR, a new tool to deep-dive into its financial history. This may be our last major project, but we hope you will agree that it was worth the time. (14-Jun-2022)

Concentration warning in GL-Carlink Technology (2531)
SFC, 15-Jan-2025
At 2-Jan-2025, 20 holders had 94.94%.

Ex-associate director of SFC charged with conspiracy to pervert the course of justice in market manipulation probe
SFC, 9-Jan-2025
Ms Deng Yingxia allegedly advised subjects of the investigation into dealings in China Gas Industry (1940) on how to deal with the SFC.

Sanction of Regal Partners (1575) and 3 ex-directors | 2nd announcement
SEHK, 9-Jan-2025
For an unauthorised, undisclosed guarantee in favour of a private company controlled by a connected person.

SFC bans Chan Ka Him for life for insurance fraud
SFC, 6-Jan-2025

Solicitor Tse Yin Fung pleads guilty to breaching secrecy provision
SFC, 2-Jan-2025
He is fined HK$25k for disclosing information from a client to 2 other people regarding a restriction notice issued by the SFC. His client is a subject of investigation into market manipulation.

PECS Register monthly update
HK Government, 31-Dec-2024
What have ex-senior civil servants been doing in retirement?

SFC fines Ever-Long Securities HK$3m for sponsor failures | Statement of Disciplinary Action
SFC, 27-Dec-2024
Ever-Long is 100%-owned by Styland (0211), which has featured in Webb-site Reports many times over decades. The SFC says it would have fined Ever-Long HK$13.5m "but for the firm's financial position and cooperation".

SFC bans fund manager Ng Ka Shun for life and fines him HK$1.7m for serious misconduct | Statement of Disciplinary Action
SFC, 23-Dec-2024

Court sets trial date for insider dealing case against Segantii Capital Management and its chief investment officer
SFC, 19-Dec-2024
4-May-2026 - this is going to take a while.

Sanction of Yan Xiang, ex-ED of Cathay Group (1981)
SEHK, 12-Dec-2024
For failing to co-operate with an investigation.

Sanction of Kaisun (8203) and 7 directors
SEHK, 10-Dec-2024
For failure to disclose loans to Up Energy (ex-0307) and investments in EJE (ex-8101) and Tesson (1201).

Then substantial shareholder and chairman of listed company guilty of conspiracy to defraud over 'backdoor listing', businessman wanted
ICAC, 9-Dec-2024

Mr Chim Pui Chung, son Ricky Chim Kim Lun and Ms Wong Poe Lai guilty | Rasons for verdict (Chinese)
SFC, 9-Dec-2024

Concentration warning in Jinhai Med Tech (2225)
SFC, 9-Dec-2024
Webb-site warned the market about this stock in August, noting that GoFinTech Innovation (0290) appeared to be buying into a bubble. At 20-Nov-2024, 28 holders had 90.2%.

Ex-Johnson Electric (0179) manager jailed for 54 months for HK$70m purchase orders fraud
ICAC, 4-Dec-2024

Ex-SFC manager, DoJ Senior Counsel and nurse charged with conspiracy to commit MIPO
ICAC, 29-Nov-2024
Then SFC manager Kenneth Leung Po Hin allegedly abused inside information on a pending Link REIT (0823) rights issue, and the other 2 bought and sold put options to benefit from the information. It's unclear why there isn't also a charge of insider dealing rather than just Misconduct in Public Office, but the SFC in a separate announcement says it is looking into potential violations under the Securities and Futures Ordinance.

SFC and ICAC jointly investigate suspected misconduct in public office
SFC, 29-Nov-2024

PECS Register monthly update
HK Government, 29-Nov-2024
The latest jobs for retired senior HK civil servants.

Li Han Chun, ex-China Forestry (ex-0930) CEO, and Li Kwok Cheong, ex-Chairman, sanctioned for market misconduct | MMT report part 2
SFC, 28-Nov-2024

Concentration warning in Star Shine (1440)
SFC, 27-Nov-2024