EVERYONE has been after a better method of running public share offerings in Hong Kong, and yesterday's announcement that the local branch of Amway is to be floated in the US and Australia in a global share issue seems to suggest a great one. This is the real Amway being floated, by the way, the one with the slogan: ''Friends selling to friends''. It is not to be confused with certain second-line property companies in Hong Kong, whose frantic trading between directors and the company means their slogan could also be: ''Friends selling to friends''. An Amway Merchant Bank would be a great idea. When a company wanted to issue shares, AMB would take the lot and pass them down a network of Diamond Distributors, Gold Distributors and all the way to Polystyrene Distributors, who would offload tiny parcels onto their friends. The Amway corporation is based in a town called Ada in Michigan, and it floated its Pacific operations in Japan in 1991, although the holding company remains private. The company's hottest spot has long been Hong Kong, and its success here has always given the execs back in Ada the hope that they could be huge in China. They also hope Amway distributors outside China who are Chinese will be able to return to the motherland and help make Amway part of ''socialism with Chinese characteristics''. Tart remarks IF you're a European woman looking for somewhere for a quiet drink in Kowloon, don't drop into the bar at the Hyatt Regency. They're more than likely to get the security guard to stop you going in. After spending a hefty $2,000 on a meal in the hotel restaurant, a frequent business visitor fancied a drink in the bar with her friend, also a woman. She was stopped at the door and turned abruptly away. The staff told her they didn't allow European women into the bar, although those accompanied by men seemed to be OK. The implication which will have been picked up by those watching this scene, it seems to us, is that this married businesswoman was a prostitute, which was known to the hotel management. She describes herself as ''very embarrassed''. ''I'm a businesswoman, but I'm not looking for that kind of business,'' she says. Juergen Wolter, the hotel's manager, agreed that the bar was being selective in letting European women enter. ''I think what we have to say is that we have the right to accept people or reject people,'' he said. Pushed for more information, he said: ''I cannot be more specific but if you read between the lines you'll probably know what I'm referring too''. Hypocracific ANDREW Herdman, Cathay Pacific's general manager for cargo, seemed only a tiny bit defensive when he was rung yesterday about the long-running soft-porn centre-spread in his company magazine, Cargo Clan. When the Freight Mate feature started it was photos of readers' wives and colleagues. So will we be seeing a photo of Mr Herdman's wife or female secretary? ''Errr, that was twenty years ago,'' he said. Now all the women are professional models. And what does he think of the Freight Mate? ''I think these things are very personal. From my point of view, it's a tradition that we're keeping up,'' he said. But those who enjoy their regular dose of flesh should beware - Andrew is slipping into something more comfortable in another part of the Swire empire at the end of the year. Maybe his successor will be less tradition-minded. Women's glib MALAYSIAN senator Yen Yen Ng told a conference of businesswomen in Australia yesterday that it was unnecessary for businesswomen in the region to stand up for their rights as women are already accepted as equals. She also had good news for those women whinging about being overlooked in the boardroom. Apparently, as Asian countries boom, they'll expand their education and health-care sectors, so there will be a need for a lot of teachers and nurses. Wet suits SAI Kung's David Price was staying in the Mandarin Oriental in Macau and looking through the book showing the various facilities on offer. He was surprised to see this picture of the sauna, with some Western guy looking hunky in a white towel while two friends frolic naked in the tub. Surprised, because the photo was of him. It was taken 14 years ago in a different hotel - the Mandarin in Hong Kong - and the guys being tickled in the tub are ad men John Price and Mitch Davidson. David says he is now ''greyer, fatter and more slothful''. Good news first CHAMPION Technology yesterday invited us along to meet their chairman Paul Kan, as they were announcing their annual results. The pager king gave a 25-minute speech about what a great year it had been, and told us profits were up 75 per cent to $140 million, the dividend was six cents per share and that there was going to be a bonus issue. And that was the sum total of financial data available. No turnover; nothing about extraordinaries, exceptionals or taxation. We had to get the data from the ad they've placed in today's paper. Boys in Brazil GUESS where the Hong Kong Association of China Travel Organisers is having their 1993 convention this week? Hong Kong? China? Wrong. In a vote of no confidence in themselves, they have headed off to Brazil and are currently hanging out at the Hotel Meridien Copacabana in Rio. Cheers!