Hong Kong’s stock exchange attempted to give...

Hong Kong’s stock exchange attempted to give its tarnished image a new shine over the weekend by announcing a management shake-up in response to the recent arrests of three top officials. The British colony’s bourse, which formed a new management group shortly after the arrest of vice chairman Ronald Li and two top aides, replaced members of three key committees. The colony’s anti-graft agency, the Independent Commission against Corruption, arrested Li, former Chief Executive Jeffrey Sun and listing department chief Donald Tsang. They were released on bail and ordered to surrender travel documents but no charges were filed. Government officials called on Li and six senior officials to distance themselves from the bourse’s daily operations.