Saturday 19th April 2014

Dear Reader,

NEW ARTICLE
Song Lin disappears from ICAC site
Oh dear - the Chairman of the ICAC's Hong Kong Ethics Development Advisory Committee is now under investigation for alleged corruption - and the ICAC has wasted no time in removing him from its web site - but Webb-site has copies. (19-Apr-2014)

RECENT ARTICLES
Ombudsman discloses more information
Following pressure from Webb-site, the Ombudsman has today published a summary of the submissions received during its investigations on Access to Information and keeping public archives. The submissions show strong support for legislation. Meanwhile, the wheels at the Law Reform Commission are slowly turning and covering similar ground. (17-Apr-2014)

Give public access to ALPs
We need your help! The SFC is proposing to ban retail investors from accessing Alternative Liquidity Providers, which could provide faster and better execution than just placing the order with SEHK. Webb-site urges the SFC to give the public the same options that institutional investors enjoy. They almost did with HSBC's ill-fated Stockmax. We also urge the Government to abolish SEHK's statutory monopoly and allow competition to drive down fees and innovate. (15-Apr-2014)

Jump for joy - MPF is taking more
A careful analysis of a poster we received in the mail leads us to only one conclusion... (15-Apr-2014)

IN OTHER NEWS
UBS probe to focus on banker's dealings with state firm
South China Morning Post, 19-Apr-2014
Webb-site notes that Helen Yang Lijuan was a licensed representative of Credit Suisse (HK) Ltd from 11-Aug-2009 to 22-Mar-2012. Credit Suisse was the joint sponsor of the re-flotation of China Resources Cement (1313) in a prospectus dated 21-Sep-2009.

China Resources chairman Song faces corruption investigation
Bloomberg, 18-Apr-2014

And much more besides...
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