SFC enforcer still waiting for new contract

This guy is obstructing "business" in HK and he's going to get replaced with someone more conducive to the "business" of fleecing investors.

"As head of the financial regulator's enforcement division, Mark Steward has for the past three years been the driving force behind a crackdown against those involved in illicit deals.

But with less than two weeks left on his contract, there is a deal of his own that remains in doubt. The Securities and Futures Commission executive director is still waiting to find out whether the government will give him a new term.

"

"His comments, first reported in Ming Pao, have fuelled speculation that the government is under pressure to either replace or clip the wings of the man who is widely credited with the adoption of a hardline approach by the SFC against those who breach market rules."

Chinese officials threaten to blow up family's dam

Official extortion

''Foreigners should not invest in China. It's no use. When they see something valuable, they steal it.''"

Wuliangye Yibin investigated for securities law violations

"Wuliangye Yibin, one of the mainland's largest liquor makers, is under investigation by the China Securities Regulatory Commission for alleged violation of securities laws, the latest sign that fraud still plagues the nation's equity markets"

Former Easyknit Group Chairman accused of blackmail

"Ex-company boss accused of HK$135m blackmail
Loretta Fong
Sep 09, 2009

The former chief executive of the Easyknit Group, Matthew Koon Wing-yee, and three others threatened a businessman and demanded that he give them 100 million shares in his company after losing money trading the shares, the Court of First Instance heard yesterday.

The allegation was made by a lawyer for the businessman as part of civil proceedings in which the man, known only as X because of an order in another court preventing the publication of his name, is claiming HK$135 million from the four.

Daniel Fung Wah-kin SC read a statement from X in response to an application by Koon, Ng Chi-keung, Chan Kwai-nam and Wong Chin-yick to lift an interim injunction granted earlier that froze the HK$135 million X is seeking - equivalent to the value of the shares."

Source of Singaporean Wealth?

``Actually, Singapore's success came mostly from being the money laundering center for corrupt Indonesian businessmen and government officials,'' Xie wrote in the e-mail. ``Indonesia has no money. So Singapore isn't doing well.''

Canton Chairman nailed

Bank president authorizes $500+m to his cronies, no doubt getting kickbacks, he (Liu Chanming) then disappears.

One of the thieves will now face a trial which no doubt will end sadly in some back gully. More of the missing funds will no doubt be used to buy more protection services from the 'authorities'.

The loans were allegedly channeled through subsidiaries of Canton Properties, which suspended trading in its shares after Wang disappeared in August 2008 and most of the company's board resigned.

Public company, Private bank

Sea Holdings Group (0251) on the HK stock exchange.

A 97% owned subsidiary, Asian Growth Properties Limited:

Results for the six months ended 30th June, 2009.

Balance sheet:

From the Notes:

16. AMOUNTS DUE FROM/TO A MINORITY SHAREHOLDER

The amounts are unsecured, interest free and repayable on demand.

USD$2m for a shareholder, Chairman's mistress? Got to pay it back if she strays. Nice work if you can get it.

Much better terms than any private bank.