Friday 6th June 2008
Dear Reader,
NEW ARTICLE
ICEA deja vu
We look at the latest action by the SFC against ICEA, the second in
three years, and also at the complicated structure of state-controlled banking
giant ICBC in Hong Kong. (6-Jun-08)
RECENTLY ON WEBB-SITE.COM
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 We call on the Government to either scrap the law, which is outdated in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
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