Hong Kong should drop plans to impose new taxes on short-term home sales to avoid damaging the city’s reputation as a free market, according to shareholder activist David Webb , who will speak to lawmakers on the issue today.
David Webb, a corporate-governance activist in Hong Kong, said his website has suspended publication of the identity-card numbers of more than 1,100 people after an inquiry from the city’s privacy commissioner.
Hong Kong Exchanges & Clearing Ltd. ’s proposal to raise the required number of independent directors in the boards of the city’s listed companies is “ignoring the real problem,” shareholder activist David Webb said.
China Solar Energy Holdings Ltd., the solar panel maker that’s lost 93 percent of its market value since 2007, said its chairman and two directors have been detained by Chinese authorities on allegations of fraud.
Gome Electrical Appliances Holding Ltd. , China’s second-biggest electronics retailer, disputed an assertion by David Webb , publisher of Webb-site.com, that it misled investors about the effect of its founder’s imprisonment.
Hong Kong Exchanges & Clearing Ltd., the world’s second-largest bourse operator by market value, is making a stand for transparency in the competition for Alibaba Group Holding Ltd.’s initial public offering.
Hong Kong’s Securities and Futures Commission is seeking a new chief executive officer as Martin Wheatley ends a six-year tenure marked by a crackdown on market misconduct and the global financial crisis.
After losing billions on U.S. stocks beginning in 2000, Alwaleed Bin Talal says he may become richer than the Oracle of Omaha. His strategy: holding an IPO for his luxury hotels and building the world’s tallest tower in his homeland.