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HK Companies Registry finds new way to milk its monopoly
Company announcement, 19-Dec-2014
The CR has the monopoly on companies register information; last year it made a pre-tax profit of HK$347m on $606m of fees, including $70m of search fees, so it would still make a huge profit without charging to see the data. The principles of open data for public sector information require it to abolish the pay-wall and let the market innovate presentations and utilities for the data. Same goes for the Land Registry.