Saturday 17th November 2018

Dear Reader,

41 endangered stocks
If HKEX proceeds with an ill-conceived Listing Rule change, companies with disclaimed audit reports for 2019 will be suspended and likely delisted, victimising minority shareholders. We now list those with disclaimed audits up to 30-Jun-2018 which would be affected if the rule applied today. Make your submission to stop this nonsense! (17-Nov-2018)

Freedom and the future of China
This is the text of a High Table dinner speech delivered by Webb-site founder David Webb to the students of Chi Sun College, University of Hong Kong, this evening. Hyperlinks have been added. (30-Oct-2018)

HKICPA fines Miss Lee Po Chi and Deloitte Touche Tohmatsu HK$50k each
HKICPA, 13-Nov-2018
Over bad audit work on Culturecom (0343) regarding its stake in China Bio Cassava (8129), now known as Cloud Investment Holdings Ltd.

HKICPA fines Sunny Leung Kin Sun and his firm jointly HK$80k
HKICPA, 9-Nov-2018
In relation to defective work on the audit of Ting Wai Monastery Ltd.

HKICPA fines Mr Law Ka Lok & Latitude CPA Ltd jointly HK$40k
HKICPA, 6-Nov-2018
In a classic "the dog ate my homework" excuse, Latitude claimed that there had been unauthorised deletion and consequent permanent loss of audit documentation on the firm's computer server. So in essence, they were fined for not having backups.

CFA dismisses appeal by solicitor and sisters in fraud case involving overseas listed securities
SFC, 31-Oct-2018

And much more besides...
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David M. Webb