Saturday, December 24, 2005

HKSBA Donation to HK Police


On 19 December 2005, the securities industry gathered together at a dinner to congratulate Charles Lee (Independent Non-executive Director of the Year), Paul Chow (Executive Director of the Year), the HKEx Board (Board of the Year)and Charles Lee, Marvin Cheung and Henry Fan joining the Executive Council, and Paul Chow receiving the Silver Bauhinia Star.

During the evening, many comments were made as to the excellent job that the HK Police had done during the WTO. In particular, the restraint that they showed in the face of violent provocation, and the expedient way they handled the clearance of Gloucester Road was a credit to HKG. The efficient way they handled the WTO protestors contributed to the stability, prosperity and harmony of our community.

The HK Stockbrokers Association (HKSBA) expressed our appreciation to Charles Lee and hoped that he and the other members of the Executive Council (i.e. Henry Fan and Marvin Cheung) would express our gratitude to the appropriate authorities in their capacity as Exco members.

The HKSBA announced during the dinner that we would try to raise an amount for the police welfare fund as a token of our appreciation. We decided to put up HK$100,000 in the name of the Hksba and called for further donations. We had a further donation of HK$100,000 on the morning of Tuesday.

Some members of the committee, together with Charles Lee, met with Dick Lee, Commissioner of Police on Tuesday and delivered a cheque for HK$200,000 in the name of the Hksba.

Tuesday, December 13, 2005

WTO Conference in HKG

Well, what have we done here? We invited the WTO Conference to HKG and forgot that they come with a bunch of militant Korean demonstrators. Today is the first day, and they are already attacking the Police who were remarkably tolerant. Watching it on TV, I wanted to go and crack a few heads! The Korean farmers are protesting that WTO is depriving them of a living and that we should either go back to isolation or they should get MORE government subsidies. But why demonstrtate in HKG? Go home!!!

Friday, December 09, 2005

#27 Galaxy

The stock started to recover after an article in the SCMP today said that their US$600 million bond issue was oversubscribed. They now have more than enough money to fund their development until the new casino opens.

Monday, December 05, 2005

#939 China Construction Bank - 2

Not a good day for the stock. Today 24 warrants on CCB started trading but unfortunately, the stock trended down instead of up. High of $2.575 and low of $2.475. Spent most of the day at $2.50 down $0.05.