Friday 31st October 2014

Dear Reader,

Two months ago today, the NPCSC issued its latest decision on constitutional development.

Delivery of petition for HK democracy.
Webb-site has today delivered to the CE's Office the petition with the first 2,114 signatures. The realistic and pragmatic petition remains open for signature, so it is not too late to add your voice. The CE has an opportunity to resolve the impasse over constitutional development, move HK forward, and land on the right side of history. (31-Oct-2014)

Broadly representative of wealth
C Y Leung tells 3 media from democratic countries that the Nominating Committee should be "broadly representative" of wealthy people, not the general public, who would otherwise wreck the economy, and explains how he has to pander to vested interests in the committee to get elected. Yet the lack of a popular electoral mandate has resulted in populist handouts anyway, as well as wasteful infrastructure spending to favour vested interests. Could a democratically nominated and elected CE really be any worse? We also look ahead to what the students should realistically be asking for tonight. (21-Oct-2014)

MMT sets date for Greencool hearing
SFC, 30-Oct-2014

‘No foreign forces behind Hong Kong protests’, says Legco president Jasper Tsang
South China Morning Post, 30-Oct-2014
...thereby contradicting the claims of Beijing and C Y Leung that the democracy protests are a foreign plot to undermine the one-party state.

Don't be a slave to reform, says finance figure
HK Standard, 30-Oct-2014
Laura Cha, HK Executive Councillor and delegate to the NPC, compares HK people to slaves in America, and gets her history on their voting rights hopelessly wrong too (clue: 15th Amendment, Laura). How charming. Sadly this is the person who is steering the Financial Services Development Council - and she worries about investor confidence being undermined. How ironic.

No regrets says defiant James Tien Pei Chun
HK Standard, 30-Oct-2014
Tien: "I am only aware that I am a lawmaker and Liberal Party leader. I have neglected the title of CPCCC member." So he forgot to toe the line and for once said what he thought rather than what he was supposed to think.

Statement by Chief Executive's Orifice
HK Government, 29-Oct-2014
He didn't say "those earning HK$14k a month are not entitled to the rights to make nomination for the election of the Chief Executive", but he did say that if the NC was numerically representative then "you would be talking to half of the people in Hong Kong who earn less than $14k a month. Then you would end up with that kind of politics and policies". So the paraphrase is "broadly representative" of his remarks. PR lesson: when you are in a hole, stop digging.

NUR Holdings (0254) discloses who is behind shell subscriber
Company announcement, 29-Oct-2014
This follows a complaint by Webb-site to SEHK earlier today.

Concentration warning in Rising Development (1004)
SFC, 29-Oct-2014
This follows a complaint by Webb-site to the SFC on 7-Oct-2014.

Concentration warning in Link Holdings (8237)
SFC, 28-Oct-2014

Forefront (0885) pumps HK$247.5m into Freeman Corp Ltd for 7.16% stake. Freeman announcement
Company announcement, 27-Oct-2014
Another deal in what we call the "Chung Nam Network". The other shareholders of Freeman Corp Ltd are Freeman Financial (0279), Willie (0273), iCube (0139) and Dragonite (0329).

And much more besides...
Remember that, apart from our occasional artisan articles, you can follow Webb-site Reports via RSS, Twitter, or Facebook.

Pass it on!
This free newsletter goes to over 20,000 subscribers. If you enjoy the site, then please invite a friend to find out what they are missing and subscribe!

Copyright notice
This e-mail and small extracts of any article on the site may be freely quoted in any other publication but ONLY if attribution is given to