Our editors will be looking ahead today to these developing stories ...
Taxman appeals against Tony Chan's reprieve
The Commissioner of Inland Revenue appeals against a Court of First Instance ruling in favour of fung shui master Tony Chan Chun-chuen (left). The taxman is seeking to overturn a ruling that rejected its refusal to allow Chan more time to file an objection against a HK$330 million tax claim arising from his 23 properties and fung shui fees he received from Nina Wang Kung Yu-sum, reputedly Asia's richest woman before her death in 2007. Chan also faces legal fees and criminal charges from his failed claim to Wang's HK$32 billion estate.
Bank reports on city's millionaires
Citibank announces the results of its annual survey of Hong Kong's millionaires. According to last year's report, the city's property boom and market rebound swelled the ranks of the city's wealthiest by 164,000 millionaires, the biggest increase since Citibank started to analyse residents' wealth in this way nine years ago. According to the 2011 report, Hong Kong, with a population of around seven million, had 558,000 millionaires by the end February last year, up 42 per cent on 2009.
Exchange workers march against cut lunch
Members of the Securities and Futures Employees Union hold a protest march in another demonstration against the second phase of the Hong Kong exchange's extension of trading hours, which will come into force after Saturday and take 30 minutes off the employees' lunch break. Hong Kong Exchanges and Clearing, which has some of the world's shortest trading hours, will cut the present 90-minute lunch break to one hour, after last year cutting it from two hours.