Hong Kong’s pretensions to be a well-regulated financial center must be regarded with a certain amount of disbelief if Bank of East Asia Chairman and CEO David Li hangs onto his government appointments, including his cabinet post as a member of the Executive Council, and his many directorships of public companies, including the South China Morning Post, in the wake of the US Securities and Exchange Commission’s decision last week to fine him heavily for insider trading.
Hong Kong’s royalty skate through another scandal
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Hong Kong’s royalty skate through another scandal
Hong Kong’s pretensions to be a well-regulated financial center must be regarded with a certain amount of disbelief if Bank of East Asia Chairman and CEO David Li hangs onto his government appointments, including his cabinet post as a member of the Executive Council, and his many directorships of public companies, including the South China Morning Post, in the wake of the US Securities and Exchange Commission’s decision last week to fine him heavily for insider trading.