Word: honge
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...Bong isn't great literature, says Khuat Thu Hong of Hanoi's Institute for Social Development Studies. But it is a breakthrough because it is the first intimate revelation of gay life in Vietnamese. "Its publication is a sign that society is becoming more tolerant," he says...
East Asia's fledgling hip-hop scene could have asked for no better boost than the arrival of Jin Au-Yeung. The 26-year-old Chinese-American rapper relocated to Hong Kong from New York City this summer in a move either born of frustration at a flagging Stateside career or of a wish to connect more strongly with his roots (his parents are from Hong Kong) - or both...
...Whatever the reason, MC Jin, as he's known professionally, has lost no time making his mark. In August, Universal Music released the Cantonese-language ABC - an exploration of Jin's experiences as an American-born Chinese. The album's launch was held at a Hong Kong teahouse...
...million deal saves the jobs of about 3,000 Lehman employees, some of whom expressed surprise as well as relief that they might keep their jobs. "Now we have a parent with money, an understanding of the region, and a desire to expand globally," says a Lehman employee in Hong Kong. "I don't know anyone who had this scenario in mind...
...sovereign wealth fund, sank $3 billion into Blackstone Group, the U.S. private equity firm, only to watch its stake shrink by half in value as financial stocks tanked. "The leadership [in Beijing] thinks they got taken and they are determined not to let it happen again," says a Hong Kong investment banker close to CIC. But that does not mean the Chinese aren't interested. CIC bought 9.9% of Morgan Stanley in December for $5.5 billion; last week Gao Xiqing, CIC's chief investment officer, was in New York for talks with Mack about expanding that stake. But buying...