• Fri
  • Oct 31, 2014
  • Updated: 2:18pm

Corporate Crime

No birthday cheers as gridlock on scrip reform about to turn 20

Twenty years is long enough for a baby to grow up and enter the university, but not long enough for Hong Kong to launch a scripless market.

Tuesday, 9 December, 2008, 12:00am

Bribery law to include doctors and teachers

Ruling clarifies graft legislation

A ban on commercial bribery applies to doctors and teachers, the mainland's top judges have ruled.

An economist hailed their interpretation as a huge step forward in the protection of people's basic rights - but agreed with critics who said such employees would always find ways to cheat the system until they were paid properly.

26 Nov 2008 - 12:00am

Right thinking, not only law, needed to end graft

Corruption is a scourge that runs through many levels of mainland society. Its prevalence threatens the nation's economic growth and reputation. The central government has had some success in cracking down on corrupt officials in recent years. But it is still a long way from achieving standards worthy of a clean government.

26 Nov 2008 - 12:00am

SFC sues Styland bosses over alleged misconduct

The Securities and Futures Commission has applied to the High Court to ban Styland Holdings' former chairman and three other former and current directors and order them to compensate for the company's losses stemming from their alleged misconduct.

10 Sep 2008 - 12:00am

Banks urged to attend quickly to foreign media

China's banking regulator has asked lenders to reply swiftly to foreign media inquiries in an effort to shore up the industry's image for the Beijing Olympics starting next week, according to Reuters.

31 Jul 2008 - 12:00am

Top economist calls on Beijing to rescue market

Wu Jinglian, a leading mainland economist who likened stock exchanges to a casino in 2002, called the government to step in and rescue the ailing equity market.

His remarks may prompt the government to take action, analysts said.

24 Jul 2008 - 12:00am

Ho hits out at quarterly reporting

The Chamber of Hong Kong Listed Companies chairman Lawrence Ho Yau-lung is disappointed at Hong Kong Exchanges and Clearing for proceeding with introducing the quarterly reporting rule against the wishes of major listed companies.

5 Jun 2008 - 12:00am

HDRs approved

Securities and Futures Commission chairman Eddy Fong Ching said the commission had approved the stock exchange's plan to launch Hong Kong depositary receipts to attract overseas companies to list in the city. But the commission was still talking to the exchange about a plan to require all main board-listed companies to report their financial results every quarter.

14 May 2008 - 12:00am

Styland investors irked over long suspension

About 200 investors of Styland Holdings staged a protest at Hong Kong Exchanges and Clearing yesterday, threatening to sue the bourse for not letting the company resume trading after more than four years.

Sidney Siu Yim-kwan, a minority shareholder who organised the protest, said the group planned to take their case to the Securities and Futures Commission in early July.

6 May 2008 - 12:00am

Speculator in probe commits suicide in Beijing

Wei Dong , one of the mainland's best known stock market speculators, has committed suicide after being linked to an ongoing investigation involving senior government officials.

1 May 2008 - 12:00am

Corrections & clarifications

It was a ruling of the market misconduct tribunal on December 27 which requested securities dealer Connie Cheung Sau-lin to answer questions related to an investigation into the dealing of shares in QPL International Holdings. The ruling was not made by the High Court on Thursday as was erroneously reported on Friday.

3 Mar 2008 - 12:00am

Legislators urge SFC to cut fees

Legislators criticised the securities watchdog for refusing to reduce the levy on share trading or licence fees, even though it made a huge surplus last year.

29 Feb 2008 - 12:00am

SFC punishes Gorges for bad management

South China Brokerage vice-chairman Howard Gorges has been banned by the Securities and Futures Commission from acting as a responsible officer for any licensed financial company for failing to enforce internal control of his own firms.

20 Dec 2007 - 12:00am

Regulator urged to honour green heroes

The securities regulator has to play a bigger role in reversing environmental degradation, an official in the top legislative body has said.

19 Nov 2007 - 12:00am

Cleanup order on fund-raising scams

The State Council has ordered local governments to crack down on illegal fund-raising, which it says is rampant and detrimental to financial and social stability.

29 Jul 2007 - 12:00am