Franklin Lam Fan-keung
Franklin Lam Fan-keung is an Executive Council member. He obtained his bachelor’s degree in Economics from the University of Manchester and is a founder of HKGolden50, an independent non-profit policy research organisation. During the Asian financial crisis in 1997, Lam served as a part-time member of the Central Policy Unit. He then became a managing director at UBS from 2000 to 2011.
Our editors will be looking ahead today to these developing stories ...
Debate over Franklin Lam controversy
Lawmakers will discuss the controversy surrounding Executive Council member Franklin Lam Fan-keung's sale of two luxury flats just before the government announced extra measures to cool the housing market. Lam has been granted leave of absence from his role as a member of the government's top advisory body in the wake of the controversy.
US releases economic data
Two key pieces of US economic data will offer new insight into the pace of the economic recovery in the world's biggest economy. The US Commerce Department reveals the home sales figures for October, while the Federal Reserve unveils its latest Beige Book, its regular report on economic conditions.
Film world returns to Middle Earth
The long wait is over for film fans as director Peter Jackson unveils the follow-up to the Lord of the Rings trilogy. The Hobbit: An Unexpected Journey gets its world premiere in Wellington, New Zealand, the country where it was made. Like the earlier fantasy series, The Hobbit is based on the books of J.R.R. Tolkein and set in Middle Earth. Up to 100,000 people are expected to line the streets of New Zealand's capital to greet its stars.
Penumbral eclipse visible from city
Hong Kong's stargazers are hoping for clear skies to view a penumbral lunar eclipse from the city. The Observatory says the moon will become dimmer when it passes through the earth's penumbra, the outer shadow of the earth in which solar radiation is only partially blocked. The eclipse will begin at about 8.13pm and last for four hours and 41 minutes, although the effect is not nearly as spectacular as a fuller eclipse.
Mainland firms set IPO prices
Two mainland companies planning to list in Hong Kong are expected to release prices for their floats. Zhengzhou Coal Mining Machinery Group, the mainland's largest maker of equipment for coal mining, plans to raise US$300 million to US$350 million through an initial public offering in Hong Kong, while Future Land Development, a property developer based in Jiangsu province, plans to raise up to HK$2.54 billion through its IPO.
Court rules on Strauss-Kahn sex case
Former International Monetary Fund chief Dominique Strauss-Kahn and others accused of involvement in a Lille vice ring learn whether the charges will be dropped. An appeal court in Douai, France, will rule on whether the inquiry should continue. Strauss-Kahn wants it abandoned on the grounds that the charge of pimping was not backed up and that rules governing investigations were not followed, defence lawyer Richard Malka said.