Fear not for Li ka-shing's midas touch, he still plays by rules of main game How do those insightful fellows at Goldman Sachs do it? On April 25, Hutchison Whampoa's main investment bank put Hutchison Global Communications on its investment 'buy' list, citing a target price of 60 cents. On that day HGC soared 8 per cent to 47.5 cents before being suspended for five trading days. That call is almost as smart as Hutchison's asset-shuffle game, which saw it sell HGC via back-door listing vehicle Vanda System & Communications only a year ago. It booked a $1.3 billion gain on that transaction and is now looking to buy back the stock at 65 cents compared to its earlier stock placement price of 90 cents. Some might suggest that such shenanigans indicate that Li Ka-shing has lost his Midas touch and will be penalised for questionable corporate governance. Perhaps, but it looks a lot like the game Mr Li has always played to us: sell high, buy low. The Donald rolls with the punches You can tell Donald Tsang Yam-kuen has a sense of humour with the acting chief executive's choice of holiday weekend entertainment. He took in Michael Hui Koon-man's talk show and went to Kwai Tsing for the stage show East Wing West Wing 4 - West (Kowloon) Side Story. The political satire pulled few punches, ripping into the 'single bid approach' championed by The Donald for the West Kowloon cultural project. Adding insult to injury, the performance poked fun at the project's controversial 'sky canopy' concept, dubbing it a 'bra-top complex'. Among the great and the good attending the performance were Hang Seng Bank chief executive Vincent Cheng Hoi-chuen, Executive Councillor Laura Cha Shih May-lun, protege John Tsang Chun-wah and former comrade Antony 'Lexus' Leung Kam-chung. If you reckon that a society's political maturity can be measured by its ability to accept political satire, Hong Kong is suddenly looking rather grown up. Election hope moves down the list Moses Cheng Mo-chi (pictured) is a popular independent non-executive director, but that does not mean he wins every election. On Sunday, he was ousted from the chief executive election committee. The acting chairman of the stock exchange listing committee may have thought his virtual grandee status would have ensured him a home run but he secured only 17 per cent of the legal sector's votes. Sneaking in on the rails was the rather less famous Eric Cheung Tat-ming and Paul Shieh Wing-tai. What a tragedy that such a bastion of openness and good governance (yes, we do mean the listing committee) won't have its input to a rigged process run by political insiders and plutocrats. Party's control is sky high Communists are adept in matters of control, but does that stretch to the weather? Lai See presents this postcard from our Shanghai correspondent that suggests the long arm of the party stretches farther than you might think. Since the anti-Japanese demonstration on April 16, protesters wanting more of the same have tested the authorities in airing their views on internet and mobile-phone networks. Talk was of a May 1 protest or on May 4, which marks a historic day of protest against Japan. The government turned up the heat, with daily warnings in the media against unauthorised gatherings. Television news broadcast footage of those who had destroyed property on April 16 being taken to a police station. On that day, the police let them do it - and later arrested some. Propaganda officials later went to schools, universities and companies and spoke of the need for 'social stability' and preserving the good name of Shanghai as an 'international city' where foreigners are welcome. The propaganda blitzkrieg seems to have worked and, apart from dozens of police at crossroads getting soaked, the streets were quiet on Sunday. But the officials controlling the weather deserve the greatest credit.