Thursday 25th April 2019
Dear Reader,
This is what we spent our Easter doing, and were about to publish until China Minsheng got in the way. It's time for a bit of quango analysis.
NEW ARTICLE
Putting
the dot back in HK
A deep dive into HK's "not-for-profit"
internet domain registry reveals appalling governance, over-charging, continuing
conflicts of interests and a severe case of corporate obesity. In late 2015,
having hoarded enough cash to run the registry for 9 years, the
Government-controlled board reversed a fee cut, losing a quarter of registered
domains over the next 3 years, while seeking ways to squander the surpluses on
mission-creep rather than return the cash to users. There is a better
way. (25-Apr-2019)
RECENTLY IN WEBB-SITE REPORTS
HKMA, SFC
announce "serious concerns" about transactions by mainland bank, HK subsidiary
And we think we know who they mean. The facts all point to entities
featured in our network diagram last October. (24-Apr-2019)
IN OTHER NEWS
Minsheng Bank said to be subject of HK regulator warning
Bloomberg, 25-Apr-2019
…as Webb-site said
first.
And much more besides...
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David M. Webb
Editor, Webb-site.com