Word: hong
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Shortly after 6 p.m. last Thursday, police at Hong Kong International Airport seized a young man in a well-tailored business suit. He was, it turned out, no ordinary criminal, but one of Hong Kong's most prominent businessmen: Patrick C.T. Chang, 35, chairman of Overseas Trust Bank (OTB), the colony's fourth largest bank (deposits: $1.2 billion). Less than three hours before the arrest, the bank had suddenly closed down, declaring itself "insolvent...
...John Bremridge, Hong Kong's Financial Secretary, blamed the bank's collapse on "criminal dealings" by its senior management. Bremridge speculated that Chang has as much as $13 million stashed away somewhere and was trying to flee to a country that has no extradition treaty with Hong Kong...
...bank's failure added to the financial woes of Hong Kong, which has also suffered from a slump in real estate values and jitters about what will happen when China takes control of the British colony in 1997. On Friday Hong Kong's Legislative Council passed a bill under which the government will take over the bank and reopen it this week. But depositors may not have the same confidence in the bank's motto: "You can trust...
Among the material the FBI recovered from John's drop-off point last month was a three-page "Dear friend" letter. "Storage is becoming a problem," it began, going on to discuss a situation "we once faced in Hong Kong." The storage problem presumably referred to the hiding of stolen material. The letter also described the activities of persons referred to only as D, S and K. It reported that S was providing "a large quantity of material" and "making a career decision in the Navy" where "good access is possible." Authorities have identified S as son Michael...
...final whistle had sounded. Before a crowd of 80,000 in Peking's Workers' Stadium, Hong Kong had knocked China out of contention for the 1986 World Cup, and the Chinese players, humiliated by their 2-1 defeat, stormed off the soccer field without so much as a handshake for their opponents. Then the real action began. From the stands, angry fans unleashed a volley of soda bottles. Soon hordes of spectators poured onto the field in pursuit of the victors, forcing the Hong Kong team to flee to a room reserved for dignitaries. Others besieged the home team...