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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1228)	1/27/1998 8:52:00 PM
From: Richard Tsang	Respond to of 2951

Yiwu, well said. Thanks. One other important point that supports the peg is thefear of potential loss by international banks who have significant exposure in both HK and China that would not want a capital flight from the territory resulting in huge losses due a break in the peg. My point is, there are more than just China/Chinese wanting the peg to stay. Gong Xi Fa Cai.

To: RealMuLan who wrote (1228)	1/27/1998 11:11:00 PM
From: ----------	Read Replies (3) \| Respond to of 2951

If it were really possible for one to "lose face", I would ask my wife to lose hers. LOL!!!! (Some very sick western humor...my apologies.) Having dealt directly more with Japanese than Chinese, unless I just met some unusual Japanese, it would seem the concept of losing face is s-l-o-w-l-y become a concern of the past. Practicality is taking precedence. In Japanese there are at least three different ways to say "I am sorry". On one occaision, when I had first been introduced to a Japanese gentleman, I used the wrong "i'm sorry" phrase for an error I made in pronouncing a word correctly. The guy started to console me, telling me "no. no. it not that bad." Once we got to know each other, there were no such problems. He became comfortable, and was very relaxed in his thoughts & actions. My point in this is fairly simple.... most of us here have come to realize we ALL belong to the same race. It is the human race. Stereotypes and generalities about other cultures simply prevent others from joining our race. My wish for this New Year is we have many more join the human race, and we can learn from each other. Doug