Monday 20th October 2008

Dear Reader,

We've been spending some time upgrading - you may notice that our archive now includes a page for each past and present HK-listed company with share buyback disclosures since buybacks were first allowed in 1991, and with changes in issued share capital since Dec-06. We'll be adding new features soon - watch this space. Meanwhile, we need your help with an opinion poll. All votes are confidential. Your voting PIN is at the top of this e-mail.

Lessons from Lehman Minibonds looks beyond the Lehman minibonds fiasco and proposes three steps to reform the regulatory system for the sale of financial products. Without such reforms, there is a risk of either repeated crises or an outright ban on the sale of such products. Tell us what you think in our opinion poll. (20-Oct-2008)

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David M Webb