Chan, Paul Mo Po 陳茂波
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)
Next Digital (0282): provisional liquidators appointed on Financial Secretary's summons
HK Court of First Instance, 15-Oct-2021
HK Court of First Instance, 15-Oct-2021
Observations on Next Digital (0282)
A Financial Inspector has not been appointed in HK since last century, before the SFC gained new powers under the SFO in 2003. Now, Financial Secretary Paul Chan, who will neither confirm nor deny plans to run for CE, is throwing this redundant tool at Next Digital. (28-Jul-2021)
A Financial Inspector has not been appointed in HK since last century, before the SFC gained new powers under the SFO in 2003. Now, Financial Secretary Paul Chan, who will neither confirm nor deny plans to run for CE, is throwing this redundant tool at Next Digital. (28-Jul-2021)
HK Financial Secretary appoints Inspector to investigate into affairs of Next Digital (0282)
HK Government, 28-Jul-2021
HK Government, 28-Jul-2021
SFC launches Govt welfare scheme for property tycoons
Well, not all tycoons, only larger ones. (10-May-2021)
Well, not all tycoons, only larger ones. (10-May-2021)
The Budget and HK's Road to Serfdom
The so-called "Consumption Voucher" will probably become another cash handout, a total of HK$108bn over 2 years - but that's not the point. HK's budget has long since deviated from the Basic Law requirement to keep the budget in line with Gross Domestic Product over time, having expanded by over a quarter since the 1997 Handover. HK is becoming a tax-and-spend interventionist economy, departing from the free-market principles at the root of its success. (26-Feb-2021)
The so-called "Consumption Voucher" will probably become another cash handout, a total of HK$108bn over 2 years - but that's not the point. HK's budget has long since deviated from the Basic Law requirement to keep the budget in line with Gross Domestic Product over time, having expanded by over a quarter since the 1997 Handover. HK is becoming a tax-and-spend interventionist economy, departing from the free-market principles at the root of its success. (26-Feb-2021)
HK Financial Secretary's letter to SFC on National Security Law
SFC, 17-Jul-2020
This "Dear Ashley" letter was circulated to intermediaries by the SFC on Friday night but doesn't appear on its website, so now it appears on ours. Good to know that we remain free to opine that the mainland's centrally-planned, authoritarian, state-owned economy is unsustainable and will eventually change to a democratic, open, free-market economy and society to deliver the growth that its citizens expect.
SFC, 17-Jul-2020
This "Dear Ashley" letter was circulated to intermediaries by the SFC on Friday night but doesn't appear on its website, so now it appears on ours. Good to know that we remain free to opine that the mainland's centrally-planned, authoritarian, state-owned economy is unsustainable and will eventually change to a democratic, open, free-market economy and society to deliver the growth that its citizens expect.
HK employers must eat this free lunch
An economically illiterate leadership has decided to spray HK$80bn at HK's economy, benefitting employers who had no intention of making lay-offs, by paying the firms up to HK$54k per job. Some firms have even prospered during COVID-19. It's a wasteful way to return hoarded reserves to the economy, but all companies now have a legal duty to shareholders to eat this free lunch. They should resist any Government pressure to not collect it. (9-Apr-2020)
An economically illiterate leadership has decided to spray HK$80bn at HK's economy, benefitting employers who had no intention of making lay-offs, by paying the firms up to HK$54k per job. Some firms have even prospered during COVID-19. It's a wasteful way to return hoarded reserves to the economy, but all companies now have a legal duty to shareholders to eat this free lunch. They should resist any Government pressure to not collect it. (9-Apr-2020)
Webb on CNBC re HK budget
CNBC, 26-Feb-2020
Also discussing the economy, school closures in HK while Singapore's remain open, the HK$10k per voter handout ahead of the September LegCo elections, and the budget to promote the rule of law ahead of the proposed National Anthem Ordinance.
CNBC, 26-Feb-2020
Also discussing the economy, school closures in HK while Singapore's remain open, the HK$10k per voter handout ahead of the September LegCo elections, and the budget to promote the rule of law ahead of the proposed National Anthem Ordinance.
Jonathan Lu, Caitlin Lu & Carl Lu v Paul Chan Mo Po & Frieda Hui
HK Court of Final Appeal, 10-Apr-2018
A retrial is ordered.
HK Court of Final Appeal, 10-Apr-2018
A retrial is ordered.
Belts and Burqas
Shortly before Christmas, the HK Financial Secretary announced the birth of the first Belt and Road bond in HK, the latest in a line of financial gimmicks designed to avoid meaningful regulatory reforms. (10-Jan-2018)
Shortly before Christmas, the HK Financial Secretary announced the birth of the first Belt and Road bond in HK, the latest in a line of financial gimmicks designed to avoid meaningful regulatory reforms. (10-Jan-2018)
HK finance chief Paul Chan faces yet another court case over defaming children
South China Morning Post, 21-Aug-2017
South China Morning Post, 21-Aug-2017
Jonathan Lu, Caitlin Lu & Carl Lu v Paul Chan Mo Po & Frieda Hui
HK Court of Final Appeal, 21-Aug-2017
The plaintiffs are granted leave to appeal to the Court of Final Appeal, to be heard on 6-7 March 2018.
HK Court of Final Appeal, 21-Aug-2017
The plaintiffs are granted leave to appeal to the Court of Final Appeal, to be heard on 6-7 March 2018.
Jonathan Lu, Caitlin Lu & Carl Lu v Paul Chan Mo Po & Frieda Hui
HK Court of First Instance, 7-Oct-2015
HK Court of First Instance, 7-Oct-2015
Jury rules development chief Paul Chan and wife lose defamation case
South China Morning Post, 30-Sep-2014
South China Morning Post, 30-Sep-2014
Family seeks HK$9 million from Paul Chan and wife in school libel case
South China Morning Post, 20-Sep-2014
South China Morning Post, 20-Sep-2014
Paul Chan's accusations of exam cheating 'still hurt', student says
South China Morning Post, 13-Sep-2014
South China Morning Post, 13-Sep-2014
Development chief's wife was intent on seeing pupils punished, court hears
South China Morning Post, 6-Sep-2014
South China Morning Post, 6-Sep-2014
Wife of development chief Paul Chan kept sending emails defaming teenage pupils, court hears
South China Morning Post, 5-Sep-2014
South China Morning Post, 5-Sep-2014
Paul Chan's political aide Henry Ho quits over Kwu Tung new town controversy
South China Morning Post, 3-Aug-2013
South China Morning Post, 3-Aug-2013
Buildings Department takes follow-up action on Flat A4, 4/F, Hoi Hing Building, Tai Kok Tsui, and 4/F, No. 136 Shanghai Street, Yau Ma Tei
HK Government, 21-Aug-2012
HK Government, 21-Aug-2012
Sign up for our free newsletter
Recommend Webb-site to a friend
Copyright & disclaimer, Privacy policy