with Mcrevaluation, mainland tourists aren't lovin' it in hong kong Mainland tourists should be getting more bang for their renminbi in Hong Kong since the people's currency was revalued 2.1 per cent upwards against the US dollar on July 21. Not at McDonald's, they're not. On the currency markets these days, one yuan is worth the equivalent of 96 Hong Kong cents. At McDonald's, it's worth just 90 cents. We bet mainland tourists aren't lovin' that. As one aggrieved reader with yuan to burn told us: 'It used to be that tourists had to wait to get to Nathan Road to be ripped off.' anything goes for shareholders The free-food give-away is usually the best part of Hong Kong companies' annual general meetings. In this town, many punters seem to think a free lunch is a kind of special dividend. So it was again yesterday at the AGM for Miramar Hotel, Henderson Land chairman Lee Shau-kee's hotel arm. At the meeting, Lai See's colleague witnessed yet another post-AGM food fight as shareholders slugged it out for their free dim sum take-away. But in a variation on the usual theme, two shareholders scrambling for their free food saw three pens lying on the registration table and decided to pocket those as well. Let that be a warning to companies as they prepare for future AGMs. If it ain't nailed down, your shareholders may steal it. buffett has lessons for hk tycoons Speaking of Mr Lee, yesterday he said he would subscribe to $1 billion worth of PetroChina shares in the company's $19 billion placement. No doubt Mr Lee's idol, value investor extraordinaire Warren Buffett, isn't following him to the trough. Mr Buffett acquired a 13.35 per cent stake in PetroChina two years ago when it was trading at just $1.60. Based on Monday's $6.30 close, the world's second-richest man has more than tripled his investment, and is now sitting on a paper profit of $10 billion. Don't give up your day job, Mr Lee. chairman finds reporters have hearts Shareholders aren't the only ones who get fattened up at company functions. At China Telecom's results briefing yesterday evening, reporters were surprised when an executive started passing round free Marriott Hotel dinner boxes. 'This must be a late night for you,' the executive said sympathetically, 'so chairman Wang [Xiaochu] has prepared something for you. Thank you very much.' Glad to see China Telecom has also found the route to a reporter's heart runs through his or her stomach. third-world hours at the local bank All work and no play ... back-office staff toiling away for HSBC want to be able to bank on having every weekend off. With in-trays full to the brim all week, enough's enough, they say, and urged in an internal survey last month that they should not have to turn up for alternate Saturday shifts. They want the same five-day working week as their overseas colleagues, but the bank has yet to make up its mind. A major hurdle is HSBC's quasi-central bank commitment. As one of the three clearing houses in Hong Kong, HSBC has to toe the 5?-day line with Standard Chartered Bank and Bank of China. Unless these two rivals also plan a five-day week revamp, HSBC staff may just have to dream on. excessive and expensive exaggeration E-ticket = electronic and economical? Not the case on a British Airways inter-city flight in Britain. Passengers with e-tickets have to print out six A4 pages for boarding. Perhaps 'e' for excessive and expensive is more accurate.