HONG KONG Aug 27 These are some of the leading
stories in Hong Kong newspapers on Tuesday. Reuters has not
verified these stories and does not vouch for their accuracy.
SOUTH CHINA MORNING POST
-- Hengqin, an island in southern Zhuhai, will soon issue
1.5 billion yuan ($245.00 million) of dim sum bonds in Hong Kong
and plans to float next year a portfolio of infrastructure and
property projects on the Hong Kong stock exchange for about 2
billion yuan, said Niu Jing, the director of the administrative
committee of the Hengqin New Area. (link.reuters.com/nam62v)
-- Chinese carmaker BYD Co Ltd's
Chairman Wang Chuanfu said third-quarter profit would be
affected by a seasonal downturn in car sales, but was confident
that car sales would rebound in the fourth quarter, the
industry's peak season, and government subsidies would drive
-- MTR Corp Ltd is expected to see record traffic
growth from 2015 when five of its new rail projects, including a
cross-border link that connects Hong Kong to the national
high-speed rail network, come on stream. (link.reuters.com/qam62v)
HONG KONG ECONOMIC JOURNAL
-- Nine banks in Guangzhou city have suspended offering
mortgage loans to home buyers, mainly due to their limited quota
for lending this year, quoted mainland media reports.
HONG KONG ECONOMIC TIMES
-- Fast Retailing Co Ltd, owner of Japanese clothing
retailer Uniqlo, plans to list in Hong Kong in the form of
depository receipts early next year.
-- Chinese developer Greentown China Holdings Ltd
said it will focus more on homes for the elderly and tourism
properties. Its first retirement home is being built in Wuzhen,
near Hangzhou in Zhejiang province. (link.reuters.com/ram62v)
-- Footwear retailer Belle International Holdings Ltd
still needs a lot of effort in the second half to meet
its same store sales growth target of mid-single digit growth,
said Chief Executive Officer Sheng Baijiao.
SING TAO DAILY
-- Xia Haijun, chief executive of Evergrande Real Estate
Group Ltd said it is the right time to boost land bank
in top-tier cities, adding that the company has 42 billion yuan
of cash on hand.
For Chinese newspapers, see...............
($1 = 6.1225 Chinese yuan)
(Reporting by Twinnie Siu; Editing by Supriya Kurane)