HONG KONG: BEFORE THE OPEN, 03Jun2013

Kai Tak redevelopment the new hotness; HK$200,000 screens as a gift; HK government all cashed up; Sell in May go away; All that glitters is not gold; Will LEGCO stay the course on property curbs?; Here’s what you need to know before the open.

HONG KONG: WEEK IN REVIEW, 02Jun2013

MSCI rebal are you a winner or loser?; Retail sales show mainlanders still king; Langham Hospitality gets slammed; HK not so competitive anymore; What is a university degree worth?; The Art market running hot; Here’s what you missed this week.

Whatcha gonna do when they come for you?

ICAC has been asked to investigate Barry Cheung over the alleged borrowing of HK$70mm from a developer while head of Urban Renewal Authority.

 

SCMP

HONG KONG: BEFORE THE OPEN, 31May2013

The 6th man; Guoco Group acquisition scuttled; Gome swings into the black; Macau GDP goes wild; Pay up for the mainland shopper; Stan Chart ups the ante in the mortgage wars; Here’s what you need to know pre open.

6th person arrested in HKMEx case

From RTHK:

Police have arrested a sixth suspect in connection with the collapse of the trading platform, the Hong Kong Mercantile Exchange.

Officers say the 75-year-old man will be detained for questioning overnight.

HONG KONG: BEFORE THE OPEN, 30May2013

Everbright IPO back in the cards; US$31.2mm in interest; SFC protecting Barry?; Langham Hospitality down in grey market; Barry and the triads?; HK university degree worthless?;

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Next Magazine: Barry Cheung asked triads for HK$20mm loan

From The Standard:

Barry Cheung Chun-yuen, chairman of the Hong Kong Mercantile Exchange, denied a report by Next Magazine claiming him to have dinner with Kwok Wing-hung, nicknamed Shanghai Tsai.

Are Barry’s pals at SFC protecting him?

From RTHK:

A South China Morning Post report said the Commercial Crime Bureau had sent written concerns to the SFC, after its officers experienced difficulties with their probe into the Hong Kong Mercantile Exchange.

Did LEGCO know about HKMEx?

From RTHK:

The government has refused to disclose whether it knew about the financial difficulties faced by the failed Hong Kong Mercantile Exchange.

The Secretary for Financial Services and the Treasury, K C Chan, said he could not comment on the case, as the police are currently investigating alleged financial irregularities.

HONG KONG: BEFORE THE OPEN, 27May2013

Lenovo to enter the US; New twists in HKMEx saga; Timmy Tong loves his high tea; Introducing the iBond; More wobbles in the property market; Here’s what you need to know pre open.