Thursday 25th April 2019

Dear Reader,

This is what we spent our Easter doing, and were about to publish until China Minsheng got in the way. It's time for a bit of quango analysis.

NEW ARTICLE
Putting the dot back in HK
A deep dive into HK's "not-for-profit" internet domain registry reveals appalling governance, over-charging, continuing conflicts of interests and a severe case of corporate obesity. In late 2015, having hoarded enough cash to run the registry for 9 years, the Government-controlled board reversed a fee cut, losing a quarter of registered domains over the next 3 years, while seeking ways to squander the surpluses on mission-creep rather than return the cash to users. There is a better way. (25-Apr-2019)

RECENTLY IN WEBB-SITE REPORTS
HKMA, SFC announce "serious concerns" about transactions by mainland bank, HK subsidiary
And we think we know who they mean. The facts all point to entities featured in our network diagram last October. (24-Apr-2019)

IN OTHER NEWS
Minsheng Bank said to be subject of HK regulator warning
Bloomberg, 25-Apr-2019
…as Webb-site said first.

And much more besides...
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David M. Webb
Editor, Webb-site.com