An open letter to the Board of Bauhaus (0483)
 (10-Sep-2025)

A gift to HK on our Founder's 60th birthday
Here's a first look at our league table of directors' pay in HK-listed companies, for years 2005-2023 which are almost complete. We'll release 2024 later. Thanks to all the volunteer editors who have made this possible. David M Webb MBE, 60 and counting! (29-Aug-2025)

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)

AFRC fines Prism Hong Kong Ltd, Kyaw Sai Hong and Yam Wai Man HK$353k for auditing without required registrations
Accounting & Financial Reporting Council, 11-Sep-2025
Mr Yam was previously fined by the HKICPA in 2022 for work while he was at Zenith CPA Ltd.

Concentration warning in Zhong An Intelligent Living Service (2271)
SFC, 10-Sep-2025
At 27-Aug-2025, the top 15 shareholders have 96.73%

SFC suspends Chow Tsz Lam, ex-RO of Agg. Asset Management for 1 year for fund management failures | Statement of Disciplinary Action
SFC, 4-Sep-2025

Concentration warning in Tse Sui Luen Jewellery (0417)
SFC, 4-Sep-2025
At 21-Aug-2025, the top 20 holders have 91.97%.

Concentration warning in Walnut Capital (0905)
SFC, 3-Sep-2025
Shares in CCASS not held by the top 20 holders are down to 5.35% at 25-Aug-2025. The last published net asset value of this Chapter 21 investment company was $0.222 at 31-Jul-2025 but the shares closed at $2.28 on 2-Sep-2025.

5 more ex-directors of Superb Summit (ex-1228) disqualified for up to 4 years | Judgment
SFC, 2-Sep-2025

SFC bans Suen Kin-wing, ex-UBS AG, for life | Reasons for sentence
SFC, 2-Sep-2025
He's currently serving a 10-year jail sentence for fraud and theft of HK$134m of client money. Regarding client Yu Quan Li, in Suen's sentencing, the judge remarked "I accept that the monies from Yu were very likely originated from organised, illegal prostitution for which Yu pleaded guilty to the related offences and was sentenced to 15 years' imprisonment by the Mainland court."

Sanction of Shanghai Henlius Biotech (2696) and ex-CEO Scott Liu Shi Kau
SEHK, 2-Sep-2025
For diverting all of the proceeds of the IPO Placing arranged by AMTD Global Markets (now oOo Securities) into an "investment management agreement" under AMTD.

SFC seeks court order to freeze assets up to HK$62.5m for investor compensation in sophisticated ramp-and-dump case
SFC, 29-Aug-2025

PECS Register monthly update
HK Government, 29-Aug-2025
The latest activities of retired senior HK Civil Servants.

SFC revokes the licence of Amber Hill Capital Ltd and bans its senior management for life | Statement of Disciplinary Action
SFC, 28-Aug-2025
This relates to the collapse of Target Insurance (Holdings) Ltd (ex-6161) and its insurance subsidiary ("Company X" in the SFC's statement). Surely there should be criminal charges against someone for fraud.

SFC revokes licence of Nerico Brothers Ltd and bans its senior management for life | Statement of Disciplinary Action
SFC, 28-Aug-2025
This relates to the collapse of Target Insurance (Holdings) Ltd (ex-6161) and its insurance subsidiary ("Company X" in the SFC's statement).

SFC fines Deutsche Bank AG HK$23.8m for regulatory breaches | Statement of Disciplinary Action
SFC, 28-Aug-2025

AFRC fines Deloitte and 2 partners over HK$1.9m for multiple audit deficencies in Tianhe Chemicals (ex-1619) and Sound Global (ex-0967)
Accounting & Financial Reporting Council, 28-Aug-2025
The fines are trivial compared to the massive amounts of overstated revenue, fake bank balances and even to the audit fees. The audits date back to 2011-2013. Samuel Wong Tin Chak has retired from Deloitte and is now an INED and Audit Committee member of Bank of Communications (3328).

SFC fines HSBC HK$4.2m for disclosure failures in research reports | Statement of Disciplinary Action
SFC, 26-Aug-2025

Wong Pak Ming to stand trial for insider dealing after pleading not guilty
SFC, 25-Aug-2025

AFRC fines BDO Ltd, Alfred Lee and Amos Pak Tak Lun HK$455k for breaches of multiple audit standards in 2018 audit of Vestate (ex-1386)
Accounting & Financial Reporting Council, 21-Aug-2025
We note that on the BDO website Mr Pak goes by the name of "Peter". The unnamed valuer involved is Ravia Global Appraisal Advisory Ltd.

SFC bans Zhu Hong for 1 year and fines her HK$400k for fund management failures
SFC, 18-Aug-2025

Sanction of 2 ex-directors of TOMO (6928)
SEHK, 12-Aug-2025
For failing to co-operate with an investigation by SEHK and also one by the SFC.

SFC and HKEX collaborate in sanctions against 2 ex-directors of TOMO (6928) for non-cooperation in investigations
SFC, 12-Aug-2025
One SAR, two regulators of listed companies. An outstanding problem for HK.