Chairman and President of the Bank of China or BOC, Liu Mingkang, 2nd right, and Chairman of the Listing Committee of the Hong Kong Stock Exchange Moses Cheng, right, are joined by the Director of BOC Hong Kong (Holdings) Limited He Guangbei, left, and Managing Director of Goldman Sachs in Asia, Ziwang Xu 2nd left, as they toast the launch of the Bank of China stock during a listing ceremony for Bank of China's Hong Kong unit at the Hong Kong Stock Exchange Thursday, July 25, 2002. (AP Photo / August 4, 2002)