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.
As shares fell across Asia Tuesday, Hong Kong’s Securities and Futures Commission warned in a statement that it would not hesitate to act against abusive short selling. The announcement highlighted the territory’s unusual position a... 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