Press Digest: Hong Kong - July 17

3DG Holdings International

17/07/2014 03:23

HONG KONG, July 17 (Reuters) - These are some of the leading 
stories in Hong Kong newspapers on Thursday. Reuters has not 
verified these stories and does not vouch for their accuracy.   
         
    SOUTH CHINA MORNING POST  
    -- Britain will honour its 1984 pledge to "mobilise the 
international community and pursue every legal and other avenue 
available" if China breaches the agreement vowing "one country, 
two systems" for Hong Kong, Deputy Prime Minister Nick Clegg was 
quoted as telling ex-chief secretary Anson Chan Fang On-sang and 
Democratic Party founding chairman Martin Lee Chu-ming during 
their visit to the UK. (http://bit.ly/1qIb4gU) 
    -- The weaker yuan is emerging as a major downside risk for 
mainland airlines already wrestling with a challenging business 
environment brought on by increased competition and higher 
taxes, according to analysts. (http://bit.ly/1zKqojm) 
    -- Fitch Ratings and Barclays cut their estimates for 
full-year gaming revenue growth in Macau to 10 percent due to 
weakness in the VIP segment of the market. Fitch and Barclays 
had previously forecast 12 and 13 percent growth in Macau's 
full-year gaming revenue respectively. (http://bit.ly/1miG0QN) 
     
    THE STANDARD 
    -- Hong Kong is the fourth most desirable economy in the 
world for business expansion, a survey by a telecoms firm has 
found. A British Telecommunications survey found Hong Kong was 
attractive because of its tax and governance regime, beating 
Germany, Singapore and India. (http://bit.ly/1kxkjwU) 
  
    -- Hong Kong Resources Holdings  2882.HK  is in talks with 
actor Nicholas Tse Ting-fung's firm to cooperate on providing 
post-production services for movies and TV programmes, a move 
that may allow the star to achieve a backdoor listing for his 
company. (http://bit.ly/1nL8hEV) 
    -- Hong Kong fashion and accessories company I.T Ltd 
 0999.HK  said its overall performance was under pressure, 
although gross profit margin for the first quarter ended May 
rose by 1.6 percentage points from a year earlier as fewer 
discounts were given. (http://bit.ly/1ncuHjp) 
     
    HONG KONG ECONOMIC JOURNAL  
    -- Chinese pork producer WH Group Ltd  0288.HK , which plans 
to raise up to $3 billion in an initial public offering in Hong 
Kong, is set to kick off its public offering next Thursday with 
a trading debut expected to be in early August, according to 
market sources.     
     
    MING PAO DAILY NEWS  
    -- Some 20 passengers on board a Hong Kong-bound South 
African Airways Airbus were injured on Wednesday after the 
aircraft encountered severe turbulence over Malaysia's Kuala 
Lumpur. The aircraft landed safely in Hong Kong and the injured 
were sent to hospital.       
    
    For Chinese newspapers, see............... PRESS/CN    
 
 (Reporting by Donny Kwok; Editing by Prateek Chatterjee) 
 ((donny.kwok@thomsonreuters.com)(+852 2843 6470)(Reuters 
Messaging: donny.kwok.thomsonreuters.com@reuters.net)) 
 
Keywords: PRESS DIGEST HONGKONG/