Thursday 4th November 2010

Dear Reader,

NEW ARTICLE
The Community Collusion Fund
We look at the numerous problems with Donald Tsang's proposed Community Care Fund. The boards of listed companies which support it either expect sufficient corporate benefit in return or are breaching their fiduciary duties. We call on Legislators to kill the CCF by vetoing the HK$5bn allocation and instead get the government to reform its welfare system using the normal budgetary process. (4-Nov-2010)

RECENT ARTICLES
Hong Kong Land Lease Reform, Part 2
We advocate a rebalancing of HK's land lease system, reducing up-front premiums in exchange for a perpetual stream of future ground rents and addressing a number of festering problems simultaneously. We also suggest a Premium Release Scheme to return hoarded capital to the market, and PRS Bonds or HIPS (HK Income Protected Securities) to help finance it, providing a new long-term investment option for retirement funds. (1-Nov-2010)

Trading hours poll results
We analyse the results of the Webb-site opinion poll on trading hours, which will be submitted to HKEx today. The results favour a trading day from 09:30 to 16:30 with a 1-hour lunch break (27-Oct-2010)

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