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.
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.
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.
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.