Trump's tariff own-goal
He apparently has no idea how much this will hurt US consumers and how little it will affect the trade deficit. Asian manufacturers and their investors can, to a large extent, sleep easy tonight. (3-Apr-2025)

The coming end of Webb-site
Unfortunately, there are going to be some more changes around here. Our founder explains why. Updated 17-Mar-2025: thanks for all the good wishes and stand by for a data and software dump. (12-Feb-2025)

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)

Sanction of ex-Chairman of Silver Base (ex-0886) and his nephew, an ex-ED
SEHK, 22-Apr-2025
For pre-payments, including to a connected person, which looks like a cash-extraction exercise before liquidation.

SFC bans Kao Cheng Yung, ex-RO of CSC Futures (HK), for 6 months | Statement of Disciplinary Action
SFC, 22-Apr-2025
For AML failures.

District Court set trial date for sophisticated ramp-and-dump syndicate
SFC, 15-Apr-2025
Only 17 months to go.

Censure of Leading Holdings (6999) and its Chairman-CEO Liu Yuhui | The false announcement
SEHK, 8-Apr-2025
For failing to disclose that he had pledged shares to a broker and a forced sale occurred on 19-May-2022, crashing the stock 84%.

Lerado (1225): Breach of Listing Rules: undisclosed Discloseable and Major loans
Company announcement, 31-Mar-2025

Webb departs HK Takeovers and Mergers Panel after 24 years of service
SFC, 31-Mar-2025
Of which the last 12 were as a Deputy Chairman.

PECS Register monthly update
HK Government, 31-Mar-2025
What did retired senior HK civil servants get up to this month?

Court further adjourns insider dealing hearing against Wong Pak Ming
SFC, 27-Mar-2025

District Court sets trial dates for three sophisticated ramp-and-dump cases
SFC, 25-Mar-2025
The third trial won't even start until 6-Apr-2027.

SFC fines Enlighten Securities HK$5m and suspends RO Denny Kua Kong Chak for internal control failures over securities margin financing | Statement of Disciplinary Action
SFC, 24-Mar-2025

Concentration warning in Gain Plus (9900)
SFC, 20-Mar-2025
The top 27 holders had 92.81% at 10-Mar-2025.

Further adjournment for mention in false trading prosecution
SFC, 20-Mar-2025
Concerning alleged false trading in the shares of Pa Shun (0574).

SFC suspends finfluencer Franky Wong Ming Chung for 16 months
SFC, 20-Mar-2025
Last year he pleaded guilty to carrying on unlicensed advice on securities and was fined HK$10k

SFC bans Steven Wong Yung for 14 months for fund management failures
SFC, 19-Mar-2025
We note that he was formerly known as Wang Yong.

Sanction of 8 ex-directors of China E-Information Technology (ex-8055)
SEHK, 18-Mar-2025

SFC seeks DQ and compensation orders against entire former board of 3DG Holdings (2882)
SFC, 14-Mar-2025
In fact the company announced the SFC's petition back on 31-May-2024. The SFC alleges that the acquisition of a money-lender and the creation of 12 "loans" (all of which defaulted) formed part of a scheme to misappropriate the group's cash. One of the INEDs involved, Anthony Fan Ren Da, still sits on the board of 8 HK-listed companies - 6 as INED and 1 each as NED and ED.

Sanction of Ms Cheung Yu Xuan (fka Cheung Ni), ex-ED of Orient Securities (8001)
SEHK, 12-Mar-2025
For failing to co-operate with an investigation.

Sanction of 2 ex-directors of Universal Star (ex-2346)
SEHK, 11-Mar-2025
For failing to cooperate with an investigation.

SFC obtains DQ order against Sue Yang Shuyan, ex-financial controller of Anxin-China (ex-1149) | Judgment
SFC, 11-Mar-2025
Interestingly, the plea bargain between Ms Yang and the SFC of a 2-year disqualification was rejected by Justice Anthony Chan, who increased it to 3 years, describing her negligence of the false accounts as "nothing short of breath-taking".

Sanction of Fantasia (1777), Colour Life Services (1778) and 9 directors
SEHK, 6-Mar-2025
For evading the Listing Rules on Very Substantial Disposals by concocting a 1-day loan with security over the disposed asset. The loan then defaulted.