Monday 2nd June 2008

Dear Reader,

Normal service is hereby resumed!

Fixing the closing auction 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 We call on the Government to either scrap the law, which is outdated in the internet age, or close the loophole by amending it.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