Word: tang
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...stocks higher. Most of the companies going public are solid operations with proven track records, state backing and large market shares in well-understood industries - not Internet start-ups. The dotcoms "were selling a concept, but most of the companies listing in Hong Kong have a profit," says Kenny Tang, associate director of Tung Tai Securities. Still, some international investors are growing cautious. "Some type of midcycle correction wouldn't be unexpected," says Alexander of Atlantis Investment. Yang Liu, who manages the Atlantis fund, warns that investors should stick to IPOs of big, stable companies that have solid earnings growth...
...that most of the companies going public are solid operations with proven track records, state backing, and large market shares in well-understood industries?unlike shaky Internet start-ups. The dotcoms "were selling a concept, but most of the companies listing in Hong Kong have a profit," says Kenny Tang, associate director of Tung Tai Securities. What's more, the bullish argument goes, the Chinese economy is growing exponentially, and that should continue to drive mainland stocks higher...
...enjoyment... it is actually repulsive." Chief superintendent Tang How-kong, Hong Kong police public-relations head, revealing that Hong Kong vice officers are permitted to receive "masturbation" services to gather evidence against prostitutes...
...several of the other figurines that were smuggled to Hong Kong proved more elusive. The Xi'an police believe they were sneaked out of Hong Kong into Switzerland, where strict export documentation isn't required. From there, say the police, they made their way to New York City. Tang Xiaojin, the Xi'an cop charged with tracking down the figurines, discovered this by accident when he was leafing through a copy of the March 2002 catalog Fine Chinese Ceramics and Works of Art from Sotheby's. Flipping past treasure after treasure, Tang suddenly stopped. Lot 32, credited as belonging...
...Tang and his colleagues moved fast. The Chinese embassy in Washington dispatched a representative to the auction house's New York office. At first, according to a Chinese diplomat, Sotheby's refused to exclude Lot 32 from auction, saying the Chinese didn't have enough proof that the items had been taken from an imperial tomb just months before. Phillips, the Sotheby's spokeswoman, says it had an unequivocal written warranty stating that the owner had good title to the objects. She also noted that none of the statuettes appeared in the Art Loss Registry, an international database of stolen...