Webb appointed MBE in UK honours list | Gazette Notice
A statement from our Founder. (14-Jun-2025)

The Webb-site Repository
As promised, you can now download the Webb-site datasets and take our work forward. (1-May-2025)

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)

Auditor of Brite Advisors Pty Ltd admits failures and surrenders registration
Australian Securities & Investments Commission, 27-Jun-2025

Private sector urged to stop using NRIC numbers as passwords | Your ID number is not a password
Straits Times Singapore, 26-Jun-2025
Hurray for Singapore! Let's hope that HK's Privacy Commissioner follows suit, and the HK Government then starts using HKIDs without masking in its registries, and to identify people it appoints. See our 2010 article on this.

Court sets out buy-out offer details for ex-Chairman of Sound Global (ex 0967) to purchase shares from minority shareholders | Judgment
SFC, 26-Jun-2025

An investor who took on Hong Kong's tycoons faces a tougher foe
New York Times, 26-Jun-2025

SFC suspends Pun Hong Hai, ex-RO of Arta Global Futures Ltd, for 10 months
SFC, 19-Jun-2025
Full details are not published as the SFC has an ongoing disciplinary action against a related entity - presumably, the broker. We note that Mr Pun was ED and COO of Arta TechFin (0279) from 10-Jul-2018 to 6-Feb-2020.

SFC bans Law Man Wai, ex-Cinda International Securities, for 3 years | Statement of Disciplinary Action
SFC, 19-Jun-2025
For wash-trading in 9 stocks using accounts of his sister and friend.

Foshan Haitian Flavouring (3288): allotment results and concentration warning
Company announcement, 18-Jun-2025
The 279.0m H-shares are 4.78% of the company. Of these, 46.08% are locked up until 18-Dec-2025. That leaves a float of 150.45m shares or 2.58% of the company. The top 25 holders have 78.3% of the H-shares.

SEC obtains final judgment against Brite Advisors USA, Inc. for custody rule and disclosure violations
US SEC, 17-Jun-2025

SFC suspends Hadiee Chui Lai Chun, of Rifa Securities, for 7 months | Statement of Disciplinary Action
SFC, 16-Jun-2025
She was dealing through an undisclosed brokerage account at the now-defunct Nerico Brothers Ltd.

HK corporate governance crusader David Webb awarded MBE amid cancer battle
HK Standard, 14-Jun-2025

Activist investor David Webb awarded MBE for contributions to Hong Kong
South China Morning Post, 14-Jun-2025

World Service Business Daily meets activist investor David Webb | YouTube version 1-Jun
BBC, 13-Jun-2025
Today's radio broadcast is a follow-on to the excellent video on 1-Jun.

Censure/criticism of New Century Healthcare (1518) and 6 directors
SEHK, 11-Jun-2025
For racking up years of receivables from a connected person, which defaulted on payment.

Sentencing adjourned for brothers-in-law convicted of false trading
SFC, 11-Jun-2025

SFC issues restriction notice to GA (Int'l) Capital Management Ltd and conducts search operation
SFC, 6-Jun-2025
We note that the only Responsible Officer, whose premises were searched, is Wong On Ying.

Court sets preliminary trial date for insider dealing case against Wong Pak Ming
SFC, 5-Jun-2025

SFC bans Wong Lai Suen, ex-MTF Securities Ltd, for 6 months | Statement of Disciplinary Action
SFC, 4-Jun-2025
We note that the firm has since been renamed as AuVantage Consultancy Ltd.

Court orders ex-Combest (ex-8190) senior execs to make HK$192m compensation to shareholders | Judgment
SFC, 2-Jun-2025
Webb-site filed a detailed complaint on this to the SFC on 21-Dec-2017. Justice Harris asks why criminal charges were not brought, as the case "clearly bears the hallmarks of a fraud". The SFC replies that it referred the case to the Police Commercial Crime Bureau on 20-Jun-2019. Over $293m of losses were caused to Combest, so the respondents appear to have made a net profit and avoided criminal charges.

HKSAR v Joseph Lam Chok
HK Court of First Instance, 2-Jun-2025
Mr Lam wins his appeal against a Magistrate's conviction for careless driving inside the Cheung Kong Centre car park. The doctrine of res ipsa loquitur has no application in criminal law - the fact that he hit a pillar doesn't prove carelessness in itself.

PECS Register monthly update
HK Government, 30-May-2025
Jobs for retired ex-senior HK civil servants