CY Leung (???) has become Hong Kong's third Chief Executive, winning 689 of 1132 votes cast by a Hong Kong election committee. His main contender for the position, Henry Tang, once thought to be Beijing's anointed one, secured just 285 votes following a campaign marred by scandals and personal infidelities. The only pro-democracy candidate in the "election", Albert Ho, won a meagre 76 votes.
With Singapore, Shanghai and even Shenzhen all making great strides to establish themselves as IPO centers in their own right, Hong Kong's future position at the top table is far from secure. Read Post
Taifook Securities Group, a brokerage house based in Hong Kong, saw its shares soar after it said late Wednesday in a filing to the city's exchange that its main shareholder might sell its controlling stake. China Construction Bank ... Read Post