News
The coming end of Webb-site
Webb-site.com, 12-Feb-2025
Unfortunately, there are going to be some more changes around here. Our founder explains why.
Webb-site.com, 12-Feb-2025
Unfortunately, there are going to be some more changes around here. Our founder explains why.
Ex-legislator Chim Pui Chung and son Ricky Chim Kim Lun jailed for 34 & 37 months.
ICAC, 3-Feb-2025
The ICAC is applying for confiscation of over HK$200m in crime proceeds. Mainland businessman Ma Zhonghong jumped bail in 2022 and a HK warrant for his arrest is outstanding.
ICAC, 3-Feb-2025
The ICAC is applying for confiscation of over HK$200m in crime proceeds. Mainland businessman Ma Zhonghong jumped bail in 2022 and a HK warrant for his arrest is outstanding.
PECS Register monthly update
HK Government, 28-Jan-2025
The latest jobs for retired senior HK civil servants.
HK Government, 28-Jan-2025
The latest jobs for retired senior HK civil servants.
SFC fines Hang Seng Bank Ltd HK$66.4m for misconduct in selling practices of investment products
| Statement of Disciplinary Action
SFC, 27-Jan-2025
Straight out of the textbook of Messrs Churnham and Burnham.
SFC, 27-Jan-2025
Straight out of the textbook of Messrs Churnham and Burnham.
Ex-OCBC Bank employee admits bribery and fraud over client referrals to broker for mortgage loan applications with another bank
ICAC, 23-Jan-2025
ICAC, 23-Jan-2025
SFC starts prosecution of brothers-in-law for alleged false trading in Pa Shun (0574)
SFC, 23-Jan-2025
SFC, 23-Jan-2025
MMT sanctions chauffeur and wife for insider dealing in Dan Form (0271) shares and orders disgorgement of illicit profit
| MMT Report
SFC, 21-Jan-2025
SFC, 21-Jan-2025
SFC and HKEX collaborate in enforcement action against FingerTango (6860) and ex-directors for misconduct resulting in over HK$660m of losses
SFC, 16-Jan-2025
SFC, 16-Jan-2025
Concentration warning in GL-Carlink Technology (2531)
SFC, 15-Jan-2025
At 2-Jan-2025, 20 holders had 94.94%.
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.
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.
SEHK, 9-Jan-2025
For an unauthorised, undisclosed guarantee in favour of a private company controlled by a connected person.
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.
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?
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, 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
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.
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.
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).
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
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
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%.
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
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.
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.
PECS Register monthly update
HK Government, 29-Nov-2024
The latest jobs for retired senior HK civil servants.
HK Government, 29-Nov-2024
The latest jobs for retired senior HK civil servants.
Our stories
The coming end of Webb-site
Unfortunately, there are going to be some more changes around here. Our founder explains why. (12-Feb-2025)
Unfortunately, there are going to be some more changes around here. Our founder explains why. (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)
(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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
Other news
Ex-legislator Chim Pui Chung and son Ricky Chim Kim Lun jailed for 34 & 37 months.
ICAC, 3-Feb-2025
The ICAC is applying for confiscation of over HK$200m in crime proceeds. Mainland businessman Ma Zhonghong jumped bail in 2022 and a HK warrant for his arrest is outstanding.
ICAC, 3-Feb-2025
The ICAC is applying for confiscation of over HK$200m in crime proceeds. Mainland businessman Ma Zhonghong jumped bail in 2022 and a HK warrant for his arrest is outstanding.
PECS Register monthly update
HK Government, 28-Jan-2025
The latest jobs for retired senior HK civil servants.
HK Government, 28-Jan-2025
The latest jobs for retired senior HK civil servants.
SFC fines Hang Seng Bank Ltd HK$66.4m for misconduct in selling practices of investment products
| Statement of Disciplinary Action
SFC, 27-Jan-2025
Straight out of the textbook of Messrs Churnham and Burnham.
SFC, 27-Jan-2025
Straight out of the textbook of Messrs Churnham and Burnham.
Ex-OCBC Bank employee admits bribery and fraud over client referrals to broker for mortgage loan applications with another bank
ICAC, 23-Jan-2025
ICAC, 23-Jan-2025
SFC starts prosecution of brothers-in-law for alleged false trading in Pa Shun (0574)
SFC, 23-Jan-2025
SFC, 23-Jan-2025
MMT sanctions chauffeur and wife for insider dealing in Dan Form (0271) shares and orders disgorgement of illicit profit
| MMT Report
SFC, 21-Jan-2025
SFC, 21-Jan-2025
SFC and HKEX collaborate in enforcement action against FingerTango (6860) and ex-directors for misconduct resulting in over HK$660m of losses
SFC, 16-Jan-2025
SFC, 16-Jan-2025
Concentration warning in GL-Carlink Technology (2531)
SFC, 15-Jan-2025
At 2-Jan-2025, 20 holders had 94.94%.
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.
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.
SEHK, 9-Jan-2025
For an unauthorised, undisclosed guarantee in favour of a private company controlled by a connected person.
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.
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?
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, 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
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.
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.
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).
SEHK, 10-Dec-2024
For failure to disclose loans to Up Energy (ex-0307) and investments in EJE (ex-8101) and Tesson (1201).
Previously on Webb-site.com
Check out our full list of articles in the archive, since our launch in 1998.
Check out our full list of articles in the archive, since our launch in 1998.
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