Press Digest: Hong Kong - March 20

CEC International Holdings

20/03/2015 01:45

HONG KONG, March 20 (Reuters) - These are some of the 
leading stories in Hong Kong newspapers on Friday. Reuters has 
not verified these stories and does not vouch for their 
accuracy.   
         
    SOUTH CHINA MORNING POST  
    -- More Chinese are expected to apply for the United States' 
investor visa as people embrace an expanded immigrant quota and 
promising business opportunities, while better education and 
more diversified investment opportunities are behind the choice 
of the wealthy Chinese, according a report by the Chinese 
Academy of Social Sciences and the Centre for China and 
Globalisation. (http://bit.ly/1967PfM) 
    -- The falling euro is putting pressure on local retailers 
and exporters but some stores are taking advantage by offering 
consumers cheap products from Europe. Snack shop 759 Store's 
 0759.HK  owner, Coils Lam Wai-chun, said he planned to increase 
the proportion of European food items on its shelves from 15 
percent to 25 percent in the coming three months. (http://bit.ly/1bj5H62) 
    -- China Mobile  0941.HK  could be poised to broaden its 
14-month-old alliance with Apple  AAPL.O  as the U.S. technology 
giant prepares to release its new wearable smart device, the 
Apple Watch, next month on the mainland, according to Chairman 
Xi Guohua. (http://bit.ly/1xDpYYN) 
     
    THE STANDARD 
    -- China Merchants Bank Co Ltd  3968.HK  600036.SS  is 
considering spinning off its wealth management and credit card 
business, Chief Executive Tian Huiyu said, adding the 
Shenzhen-based lender had a variety of businesses, many of which 
can exist as separate entities. (http://bit.ly/1GwA96n) 
  
    -- A proposal for the government to conduct a poll on 
political reform when it is unveiled next month is gaining 
traction among pro-establishment groups. The poll, suggested by 
Basic Law Committee member Albert Chan Hung-yee, would be led by 
former chief justices or judges with local universities 
involved. (http://bit.ly/1H8gdKz) 
         
    HONG KONG ECONOMIC JOURNAL  
    -- William Fung, the chairman of global exporter Li & Fung 
Ltd  0494.HK , which posted an 18 percent drop in core operating 
profit in the first year of its three-year growth plan in 2014, 
said the target set for the plan was too high and the company 
could hardly meet it. 
  
    For Chinese newspapers, see............... PRESS/CN   
 
 (Reporting by Donny Kwok; Editing by Subhranshu Sahu) 
 ((donny.kwok@thomsonreuters.com)(+852 2843 6470)(Reuters 
Messaging: donny.kwok.reuters.com@reuters.net)) 
 
Keywords: PRESS DIGEST HONGKONG/