"They have us, that's enough," responded the entrepreneur. He added that following an IPO, a company would have an additional 500 million to two billion yuan in cash. That apparently enables you to name a VP. He goes on to say that before his company was listed, he had to beg the bank for loans but afterwards the bank's senior officials came to his office to beg for business. They offer all kinds of favours: "VP for the wife, jobs for the children or low interest loans." He says the position gives the wives face when they hand out their business cards while socialising with their husbands.
Mo Yuk-ping, the long-time girlfriend of the jailed, former Shanghai Land chairman Chau Ching-ngai, has caused a stir on the internet. Mo posted a picture on Weibo of her custom-made Hermès Birkin bag. The custom element in her case, as our picture shows, were the embossed stars of the mainland's national flag.
"It was so kind of Mr. Pascale Mussard, the global Art Director of Hermès. I received this custom-made Christmas gift from him earlier than expected. It's full of Chinese characteristics. The Five-Starred Red Flag is always waving in my heart!" she wrote. According to the website Offbeat China, the post went viral with almost 20,000 reposts and 4,000 comments. Most made fun of the bag, describing it as ugly. "If this is true, Hermès' image in my heart is forever destroyed," was one comment on Weibo. Others pointed out that Pascale Mussard isn't a Mr., she is a descendant of founder Thierry Hermès. Another drew attention to a more serious problem Mo could face in that her embossed bag may have breached China's National Flag Law which details how to use and how not to use the flag. She is no stranger to breaking the law having spent several years in a Hong Kong prison for share manipulation and fraud.