Battle of the IPOs could pit showbiz star against bikini girl The IPO market has become hot again. The latest proof is the five-star-hotel-hopping that fund managers will have to do on Monday, when mainland shampoo maker Bawang International and sportswear retailer 361? International kick off their roadshows. Bawang has booked the Island Shangri-La, while 361?will hold its investors' luncheon at the Four Seasons Hotel. It's been a long time since there has been such a choice. So, which one to go to? A local broker said 361? had invited bikini girl Chrissie Chau and a couple of Mr Hong Kongs to model their product. He recalled how excited investors became to meet sexy Taiwanese singer Jolin Tsai when another sportswear retailer, Xtep International Holdings, held its roadshow a couple of years ago. With the ball in Bawang's court, what are the chances of the company calling on movie megastar Jackie Chan or pop icon Faye Wong, who both endorse its products in advertising campaigns? Milk manager survives vote The China Mengniu Dairy tainted-milk scandal last year had a spillover effect on the voting for the board of directors at yesterday's annual general meeting. A quarter of the company's shareholders voted against re-electing Bai Ying, while all other directors received an average of 98 per cent support. The 38-year-old Mr Bai was the general manager of the milk division. He joined the board last July, just before it was revealed that Mengniu was among several mainland firms that had sold milk contaminated with the toxic industrial compound melamine. Having started work at the dairy in 1999, he was named as one of Inner Mongolia's outstanding young men five years ago. Having survived the shareholder backlash, he has time to rebuild that reputation. High-powered advice China Power International Development chairman Li Xiaolin (below), the daughter of former premier Li Peng, has hired CLP Holdings veteran Maria Leung Chan Siu-chi as her special adviser. Mrs Leung was with CLP for 25 years as managing director of mainland power projects. She is described as having 'an excellent track record and maintains a high-level network in China.' On one hand ... The unemployment rate keeps going up - and so do the stock market and house prices. Trying to make sense of it all is proving more difficult by the day, especially when Manpower Services comes out with a survey that shows 8 per cent of employers anticipate hiring more staff in the next three months, while another 8 per cent are looking to lay people off. 'When seasonal variations are removed from the data, Hong Kong's new employment outlook stands at a disappointing 0 per cent.' Glad we got that sorted. However, a reader told us of seeing a young man in Queensway Plaza yesterday morning who probably sums the whole situation up a lot better. In one hand, he had a chilled can of Tsingtao with a straw in it, in the other, a job market paper, and he was wearing a T-shirt with the logo 'THINK BIG!' Papa-razzi on the alert The paparazzi are likely to be out in force today on the chance that Richard Li Tzar-kai will make his first public appearance since the breaking last week of the news that he had become a father. His property company Pacific Century Premium Developments is holding its annual general meeting at Cyberport, and although he does not have a habit of attending the shareholders' gathering, there is a possibility he will greet his fellow directors behind the scenes. His people couldn't be drawn, but they did hint that the boss always likes to give surprises. Fist fight with feeling A record 44 financiers have put their names forward to take part in the third 'Hedge Fund Fite Nite' in October. Of those, 28 have made the first cut and will start intensive training for the 'hedgies versus bankers' boxing event. In the end, only 12 will actually step into the ring to provide the entertainment for the 800-strong black-tie audience. We reckon it would have been more fun if they had considered allowing Lehman (or Morgan Stanley) minibond holders to enter the contest for a crack at the bankers.