Monday 2nd June 2008
Dear Reader,
Normal service is hereby resumed!
Fixing the closing
auction
Webb-site.com looks at the problems with the new
closing auction mechanism at HKEx, and explains how these could have been
avoided. (2-Jun-08)
Official: Richard Li doesn't control PCCW
The Government-appointed Broadcasting Authority says that Richard Li doesn't
control PCCW - who knew? This exposes a huge loophole in the law on cross-media
ownership, which can be avoided simply by passing your shareholdings into a
trust. We call on the Government to either scrap the law, which is outdated in
the internet age, or close the loophole by amending it. (2-Jun-08)
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David M Webb
Editor, Webb-site.com
http://webb-site.com