HK Exchange of wealth

from the majority to the minority. Where each and every proposal for fairer regulation get voted down by the pigs of special interests. One notable ironic and hubristic event was David Li the baston of insider trading in Dow Jones calling the proposed regulation for a longer insider trading blackout period "stupid".  A better use of stupid would be a group of 200 companies appointing a person who cannot STFU while sitting in an aircraft as a spokesman for their group.

Now the closing auction period opened for manipulation.. (via David Webb).

"If the rule is approved, HKEx will become the only market we know which has no price caps in the continuous trading session but has price caps in its closing auction. Why is it, do you think, that no other market has chosen this? Perhaps because no other market has a Government which is so beholden to special interests, such as the small brokers who hold 13 seats in the Chief Executive's election committee, including 1 seat in the Legislative Council. The Government in turn appoints 7 of the 13 directors of HKEx, currently including 3 members of Hong Kong's cabinet, the Executive Council."