Writing risks With mainland insurance giants PICC Property & Casualty, China Life and Ping An queuing up to list in Hong Kong, all are eager for positive press coverage. In their quest to win local scribes' hearts and minds, they could do worse than follow the lead of China Pacific Property Insurance. According to Xinhua.net, China Pacific has demonstrated its concern for the fourth estate by offering 'insurance specially designed for journalists who risk bodily injury in their missions'. Chen Weihua, of China Pacific, said that a company survey found journalism was the third most dangerous profession on the mainland after mining and policing, given the incidence of assault on reporters covering 'negative' stories in China. Having been detained three times while working as a China correspondent in a previous life, Lai See is touched that an insurance firm out there cares. Flying the flag At a presentation yesterday by IPO-candidate Xian Haitian Antenna Technologies, which makes antennas for mobile phone networks, company executives declined to provide an earnings estimate for this year. Such estimates, after all, are hard to come up with when you extend payment periods of up to 240 days to your clients and margins are heading south. At the instigation of IPO sponsor Core Pacific-Yamaichi, Haitian chairman Xiao Liangyong was happy to talk about the success of China's first manned space flight, even though it has nothing to do with its business. When in doubt, wrap your stock in the flag.