• Fri
  • Dec 19, 2014
  • Updated: 7:36am


Hong Kong gets tough on insider trading

Photo: Reuters

Not so long ago insider trading was viewed as a matter best kept away from the courts because of difficulty in meeting the standard of proof required. A more aggressive stance by the Securities and Futures Commission has changed this perception.

Thursday, 9 May, 2013, 4:45am

Authorities clash over control of PE funds

Authorities clash over control of PE funds

A tug of war has erupted between the mainland's securities regulator and top economic planning agency for control over the private-equity sector.

1 Apr 2013 - 4:04am

Three agencies to be responsible for food safety, down from 13

China premier-in-waiting Li Keqiang. Photo: Simon Song

The reorganisation plan will see departments in charge of food safety from various government agencies integrated with the State Food and Drug Administration (SFDA) to create a single safety agency avoid overlaps and blind spots, a source familiar with the plan said.

6 Mar 2013 - 6:20am

US killer drones need judicial oversight

Anwar al-Awlaki was killed in a U.S. drone attack in Yemen in 2011. Photo: AP

The US still struggles to reconcile security against terrorism with its core democratic values of the rule of law and respect for human rights. A reminder is an operational memo provided to senior members of congressional intelligence committees, lifting a veil of secrecy over the killing of Anwar al-Awlaki in a remote-controlled US drone strike in Yemen in 2011.

9 Feb 2013 - 6:44am

A critical review of the financial development council's study

Jeanne Lee Sai-yin (left); Executive Councillor Laura Cha meet the media after the first meeting of Hong Kong's new Financial Services Development Council in government headquarters in Tamar. Photo: David Wong

During their brainstorming, the [financial services development] council defined five areas of study, according to the council chairwoman. These include finding opportunities in the mainland, promoting the financial services industry overseas, training talent, further developing the financial sector and encouraging new and innovative businesses.

SCMP, January 23

27 Jan 2013 - 1:51am 1 comment

Hong Kong liquor board seeks medical backing for upstairs bar controls

Dr Chow Pak-chin

With few examples to draw on from overseas, the government has turned to the medical profession to back its plan to control the numbers in upstairs bars.

The lack of international cases to refer to for safety regulations in bars located above ground level has made the ongoing review more difficult, one official said.

24 Dec 2012 - 10:06am

Hong Kong may have its own way around bankers' bonus caps

Andrew Sheng, chairman of Securities and Futures Commission. Photo: David Wong

To most people, Christmas means presents. But to the banking industry, this Christmas may be more about Scrooge than Santa, warnings than gifts.

17 Dec 2012 - 12:02pm

There's no perfect cure for corruption

Wang Qishan (centre) speaks at a seminar with legal academic circle on enhancing supervision of cadres to prevent corruption. Photo: Xinhua

I must go to Finland sometime - to tour and learn. As a society, it seems to get many things right. Its students rank top in the latest Global Index of Cognitive Skills and Educational Attainment, compiled by the Economist Intelligence Unit.

13 Dec 2012 - 3:14am 13 comments

Complaints over botched beauty treatments rise

The government is considering greater regulation of beauty centre treatments after a client died

A woman paid a hefty bill to have her nose raised and get a prettier face. But she ended up with cheeks of different sizes and a loss of facial facial sensation.

16 Nov 2012 - 3:58am

Cofco asset boost for Hong Kong unit seen moving slowly

Cofco chairman Ning Gaoning says property businesses bring about stable earnings. Photo: Simon Song

Cofco, the mainland's largest food trader and processor, expects the injection of assets from its property companies into Hong Kong Parkview will take time due to strict scrutiny by mainland and Hong Kong regulators.

15 Nov 2012 - 5:46am

SFC takes legal action against Ernst & Young

The Securities and Futures Commission says it has the mainland authorities' backing in the matter against Ernst & Young. Photo: Felix Wong

The Securities and Futures Commission initiated legal action yesterday against Ernst & Young for refusing to provide information on a listing candidate on the grounds of state secrets.

28 Aug 2012 - 2:54pm

Relaxed travel rules spark rally in shares of HK retailers

The share prices of Hong Kong retailers surged yesterday on expectations that eased regulations for mainlanders visiting the city would bring more shoppers from across the border.

Cosmetics retailers, department store operators, and high-end jewellery and watch sellers, which may benefit from the new policy, rose up to 7 per cent despite a 0.41 per cent fall in the Hang Seng Index.

28 Aug 2012 - 3:38am

Desire for reform of tourism regulation

Nearly half the 521 respondents to a Democratic Party survey want the government to set up a department to regulate the tourism industry, now the job of self-regulator the Travel Industry Council. Another 32 per cent would like a statutory body to take up the role. The government earlier announced it would launch a consultation in April.

25 Feb 2011 - 12:00am

Rule to protect all imperial relics

All cultural relics made before 1911 - the last year of the Qing dynasty - will be banned from leaving the country under revised regulations designed to stem the outflow of antiques.

The State Administration of Cultural Heritage said the draft changes were due to be approved soon by the Ministry of Culture, mainland media reported yesterday.

31 May 2007 - 12:00am

Divisive new law pushes reforms

Officials forced to innovate but will not be punished for failed policies

Shenzhen has adopted a controversial law that exempts officials who propose reform initiatives from being held responsible if the measures fail.

3 Jul 2006 - 12:00am