Webb: HKEx chairman is anti-competition

David Webb, a prominent activist investor in Hong Kong, has accused Ronald Arculli of undermining any competition to Hong Kong Exchanges and Clearing (HKEx), to the detriment of investors and, ultimately, Hong Kong's position as a financial centre. The office of Arculli, who is the government-appointed director and chairman of HKEx and a member of the government's Executive Council, as well as the office of Lawrence Fok Kwong-Man, its chief marketing officer, declined to respond to re…