Activist in Hong Kong Scrutinizes Shake-Up at NYSE.

Profiles David Webb, a board member with the Hong Kong Exchanges & Clearing Ltd., the publicly traded company that runs the Hong Kong stock exchange. Webb's efforts to eliminate the self-regulatory practice of the exchange because of what he perceived to be a conflict of interest; How the events involving the New York Stock Exchange (NYSE) should benefit Webb's case in Hong Kong; Comments from Webb regarding Hong Kong's insistence to follow the North American model; Number of independent directors on the Honk Kong exchange, suggesting there is enough checks and balances to prevent conflict; Support for Webb in Hong Kong.