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PRESS DIGEST - Hong Kong - April 9
April 9, 2013 / 2:17 AM / 5 years ago

PRESS DIGEST - Hong Kong - April 9

HONG KONG, April 9 (Reuters) - 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.


-- Huawei Technologies, China's largest phone equipment maker, said it has never sold any key equipment into the U.S. networks and hence there is no possibility that the company can pose a security threat to that country. (

-- Hong Kong Exchanges and Clearing Chief Executive Charles Li Xiaojia said the exchange will consider adding other products for the night trading session, from 5pm-11pm, which would include fixed-income futures and currencies futures. (


-- The Hong Kong Monetary Authority will give its staff a 4.5 percent fixed annual pay rise this year, lower than last year’s 5.2 percent increase.


-- Tong Ren Tang Technologies, a Beijing-based traditional Chinese medicine firm, is expected to spin off its overseas distribution business on the Growth Enterprise Market board next month, to raise up to HK$100 million ($12.88 million). (


-- Chinese developer Yuexiu Property Co Ltd said its contracted sales for the first quarter totalled 5.71 billion yuan ($920.48 million), up 83 percent from a year earlier, representing 43 percent of its 2013 full-year sales target.


-- China’s footwear retailer Belle International Holdings Ltd said its footwear business recorded a same store sales growth of 4.5 percent for the first quarter of 2013 while sportswear business posted a same store sales growth of 11 percent.

For Chinese newspapers, see............... ($1 = 7.7642 Hong Kong dollars) ($1 = 6.2033 Chinese yuan) (Reporting by Twinnie Siu; Editing by Bijoy Koyitty)

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