Articles: Quarterly financial reporting
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)
Raymond (0229) to begin quarterly reporting
Company announcement, 28-Mar-2018
Kudos to Raymond for improving disclosure by quarterly reporting starting 2018 Q1. This will keep investors better informed of trends in the business, and we hope that others will follow the lead. Webb-site founder David Webb owns over 6% of this company.
Company announcement, 28-Mar-2018
Kudos to Raymond for improving disclosure by quarterly reporting starting 2018 Q1. This will keep investors better informed of trends in the business, and we hope that others will follow the lead. Webb-site founder David Webb owns over 6% of this company.
Shandong Weigao (1066) ends quarterly reporting
Company announcement, 30-Apr-2015
Taking advantage of the weaker Listing Rules in HK compared with the mainland in this area, the company cuts information flow to investors. The company transferred from GEM (which requires quarterly reports) in 2010.
Company announcement, 30-Apr-2015
Taking advantage of the weaker Listing Rules in HK compared with the mainland in this area, the company cuts information flow to investors. The company transferred from GEM (which requires quarterly reports) in 2010.
Petition filed with SEHK and Listing Committee
We close and submit the petition on 1-share-1-vote, and call on the Listing Committee to get back to improving the quality of HK's market rather than trying to degrade it, starting with 4 key issues. (2-Jan-2015)
We close and submit the petition on 1-share-1-vote, and call on the Listing Committee to get back to improving the quality of HK's market rather than trying to degrade it, starting with 4 key issues. (2-Jan-2015)
Current issues in HK-listed corporate governance
A presentation by David Webb at a conference in HK. (27-May-2011)
A presentation by David Webb at a conference in HK. (27-May-2011)
Webb, other key business leaders interviewed by IFAC
International Federation of Accountants, 6-Aug-2010
See Theme 3: Business reporting through the lens of the investor.
International Federation of Accountants, 6-Aug-2010
See Theme 3: Business reporting through the lens of the investor.
HKEx: no reform to placing mandate...or anything else
HKEx's decision to leave the Rules on dilutive issue mandates unchanged is an insult to investor opinion, expressed by their voting on this matter. Since the 2008 blackout saga, the Government and its regulators are unwilling to upset the local business elite with reforms. As China heads for an international currency, the tycoons are not as important to the market's future as HKEx seems to think they are. (27-Oct-2009)
HKEx's decision to leave the Rules on dilutive issue mandates unchanged is an insult to investor opinion, expressed by their voting on this matter. Since the 2008 blackout saga, the Government and its regulators are unwilling to upset the local business elite with reforms. As China heads for an international currency, the tycoons are not as important to the market's future as HKEx seems to think they are. (27-Oct-2009)
Faster and quarterly financial reporting
We need your help! After trying once in 1998 and again in 2002, Hong Kong is again proposing faster financial reporting and mandatory quarterly reporting, to catch up with the rest of Asia, including mainland China, where quarterly reports have been mandatory since the start of 2003. With your support, we hope to overcome vested interests this time. Please take our opinion poll! (24-Sep-2007)
We need your help! After trying once in 1998 and again in 2002, Hong Kong is again proposing faster financial reporting and mandatory quarterly reporting, to catch up with the rest of Asia, including mainland China, where quarterly reports have been mandatory since the start of 2003. With your support, we hope to overcome vested interests this time. Please take our opinion poll! (24-Sep-2007)
Building a Value Proposition for HK
HK Chief Executive Donald Tsang recently convened an Economic Summit of 33 people, which spawned 4 focus groups, including one on financial services, which in turn produced 3 working groups, one of which, headed by HKEx government-appointed director and Chairman Ronald Arculli, has sought submissions on the markets. This is our submission. (4-Oct-2006)
HK Chief Executive Donald Tsang recently convened an Economic Summit of 33 people, which spawned 4 focus groups, including one on financial services, which in turn produced 3 working groups, one of which, headed by HKEx government-appointed director and Chairman Ronald Arculli, has sought submissions on the markets. This is our submission. (4-Oct-2006)
Listing Rules Review Part 4: Show us the Money
In Part 4 of our review of the proposed Listing Rule changes, we look at the proposals on financial reporting, including the long-awaited move to quarterly statements. When directors and controlling shareholders know what is going on daily, why shouldn't all other shareholders be told quarterly? Suggestions from HSBC and others that the market, for its own good, shouldn't be told too much too often, are disingenuous nonsense. (28-Mar-2002)
In Part 4 of our review of the proposed Listing Rule changes, we look at the proposals on financial reporting, including the long-awaited move to quarterly statements. When directors and controlling shareholders know what is going on daily, why shouldn't all other shareholders be told quarterly? Suggestions from HSBC and others that the market, for its own good, shouldn't be told too much too often, are disingenuous nonsense. (28-Mar-2002)
Submission to SEHK on Financial Disclosure consultation
(17-Jan-1999)
(17-Jan-1999)
SEHK consultation paper on financial disclosure
HKEX, 11-Dec-1998
In this paper, SEHK proposed introducing full-format interim reports, shortening the deadline for interim results to 2 months and annual results to 3 months, and asked whether quarterly reporting should be introduced.
HKEX, 11-Dec-1998
In this paper, SEHK proposed introducing full-format interim reports, shortening the deadline for interim results to 2 months and annual results to 3 months, and asked whether quarterly reporting should be introduced.
SEHK begins consultation on proposed changes to Listing Rules on financial disclosure
HKEX, 11-Dec-1998
HKEX, 11-Dec-1998
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