Lam Cheng, Carrie Yuet Ngor 林鄭月娥

Empress Carrie Lam off to Naruhito's enthronement
HK Government, 20-Oct-2019
Under Basic law Article 13, foreign affairs are a matter for the Chinese Government. Still, with the recent Emergency Regulations she has been behaving somewhat like an absolute ruler.
ERO: one judicial review, two judges
Webb-site has learned that in a very rare move, the Chief Justice has directed that 2 judges sit together in the Court of First Instance to hear the judicial review of the Chief Executive's use of the Emergency Regulations Ordinance. (16-Oct-2019)
Carrie Lam and the separation of powers
After trying to breach the firewall between the 2 Systems with the Extradition Bill, she's at it again, invoking the ERO to enact law by regulation. The PFCR, which she says is subsidiary legislation, sets penalties higher than permitted by Ordinance. Subsidiary legislation cannot override existing Ordinances, so she had better not try. Meanwhile, basic maths and weekend events suggest the anti-mask law fails the rational connection test and is unconstitutional. (8-Oct-2019)
Govt weighing up using emergency law: Teresa ChengThe ERO
RTHK, 11-Sep-2019
In constitutional terms, it's like weighing up whether to launch thermonuclear war. At least the Govt was going to ram the Extradition Bill through LegCo rather than just make laws on its own, destroying the separation of powers between the Executive and Legislative branches of Government. That's what the Emergency Regulations Ordinance can do, and more.
Activist investor Webb proposes changes for HK's voting system (TV)
Bloomberg, 9-Sep-2019
The most likely outcome for HK
A systemically unstable equilibrium of civil liberties without democracy may have irrevocably tipped towards an authoritarian outcome. We suggest a way to salvage the situation, but we consider the most likely outcome is now a crackdown. We look at what form that might take, the possible aftermath and the looming 2047 expiry of Basic Law promises. (3-Sep-2019)
Amid crisis, China rejected HK plan to appease protesters - sources
Reuters, 30-Aug-2019
Comment: this confirms that although CE Carrie Lam has constitutional autonomy to administer HK, repsond to protesters' demands and withdraw bills from the legislature, she is following Peking's directions. How lame, Mrs Lam. A "high degree of autonomy" is worthless unless you are prepared to exercise it.
An investor's vision for the future of HK (podcast)
Bloomberg, 22-Jun-2019
Webb on corporate governance, small caps, the Extradition Bill and the future of HK & China.
HK’s Lam tone-deaf to local And foreign public opinion (radio)
Bloomberg, 17-Jun-2019
Webb on Extradition Bill, Carrie Lam and future of HK (video)
Bloomberg, 17-Jun-2019
Why Carrie Lam must go
The "suspension" of the Extradition Bill, which will likely lapse in July 2020, is not the end of an increasing erosion of HK's autonomy. With a rubber-stamp legislature, the only thing that now prevents draconian legislation is massive public pressure. Mrs Lam has irrevocably lost the public trust. Beijing will hold her accountable for the loss of control last week, after a suitable interval to disconnect the issues, but this will not prevent the increasing erosion of HK's autonomy. (16-Jun-2019)
HK Government invasion of the housing market
HK Chief Executive Carrie Lam has ended her first year with a new set of interventions, building on the crumbling foundations of her predecessors. It's time for a major policy rethink. A government's role is to ensure that people have a home, not that they own one. And the government doesn't need to own homes either. (2-Jul-2018)
Carrie Lam's latest assault on free markets
The Government is threatening to broaden rather than repeal a restriction on the resale of event tickets in HK, a restriction which is probably unconstitutional anyway. This runs against the interests of event organisers and performers who benefit from the secondary market as we explain. It also runs against the broader public interest in consumer choice. Let the market function, and repeal section 6 of the POPE Ordinance. What next - a restriction on reselling wine or IPO shares for a profit? (17-Apr-2018)
The CE's damaging tax proposals: a better approach
The Government proposes distortive gimmicks and loopholes rather than addressing structural issues. Public expenditure has grown faster than GDP, breaching the Basic Law. Revenues have grown even faster, draining capital from the economy. Time to return it. A flat rate of 10% for Profits Tax and Salaries Tax is entirely affordable. What is R&D anyway? New armies of tax consultants and assessors do not make our economy more productive. (24-Oct-2017)
Carrie Lam among those at mass for jailed former HK leader
South China Morning Post, 30-Mar-2017
From across the political spectrum - in HK, religion trumps politics. When she becomes Chief Executive, Mrs Lam will have the power to pardon Donald Tsang.
Webb on "The Pulse" re WKCD
RTHK, 4-Mar-2017
West Kowloon needs tender care
We urge the board of WKCDA, which was bypassed for months in the planning of the Palace Museum, to put the main architectural services contract out to tender, given that there is still no binding contract with Rocco Yim's company. Let him compete for the work, in line with HK's commitments to free and fair trade under WTO obligations. We estimate the contract size at HK$140m. (6-Feb-2017)
A.S. Watson: not its 175th anniversary
How do you get the Government to endorse your 175th anniversary of founding? Start by revising your company history. Webb-site reveals the inconvenient truth. (15-Dec-2015)
Germany shows unity with HK protesters
An interesting speech from the Consul-General at last night's celebrations of German Unity Day. (8-Oct-2014)

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