Samuel Yin, one of Taiwan’s richest men has launched the Asian equivalent of the Nobel Prize. What is the name of this new prize?
[A]Yuan Prize
[B]Han Prize
[C]Ming Prize
[D]Tang Prize

Tang Prize
Samuel Yin, one of Taiwan’s richest men launched the Asian equivalent of the Nobel Prize — the Tang Prize— by donating Tw$3 billion (about $101 million) for it. The prize is named after China’s Tang Dynasty (618-907) — which inspired generation after generation with admiration for its vibrant characteristics of self-confidence and cosmopolitan inclusiveness — the qualities that the Tang Prize seeks to promote. Beginning in 2014, prizes will be awarded every two years in four categories — sustainable development; biopharmaceutical science; sinology; and the ‘rule of law’ — to individuals, regardless of nationality. The winner in each category will receive Tw$50 million ($1.7 million), compared to the eight million Swedish kronor ($1.2 million) that comes with a Nobel Prize.