Instead of a joint SFC-HKEx committee to rule on listings and develop policy, itself a compromise, investors are left with a consultative panel that lacks any formal powers.
Tag : david webb
Japan reportedly targets RQFII status; Singapore revises bond issue proposals; HKMA looks at bank sales practices; Chinese trading rule change to benefit QDII; Hong Kong activist warns over Moody's SFC fine; and big data helps China spot insider trading.
And changes are needed to the way regulators deal with investor protection, said financial market participants at a conference in Hong Kong.
David Webb says "hats off" to Fidelity Worldwide Investment's new policy requiring company managers to better align compensation to shareholder interests.
Hong Kong’s pensions regulator suggests money could be withdrawn for terminal illnesses, paving the way for future changes to the system.
Activist investor David Webb accuses Ronald Arculli of undermining any effort by other exchanges or alternative trading systems to compete with Hong Kong Exchanges and Clearing.