Press Digest: Hong Kong - Dec 3

Greatview Aseptic Packaging Co

03/12/2013 01:58

HONG KONG, Dec 3 (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.    SOUTH CHINA MORNING POST  -- Famed film director Zhang Yimou faces a fine for breaching the one-child policy as local authorities in Jiangsu province said he and his wife violated family planning rules by having three children without approval and before they were married.  (http://link.reuters.com/wyf25v) -- The mainland's central bank has announced detailed reform guidelines to support the Shanghai Free Trade Zone, but foreign investors are still questioning just how free the zone will be. (http://link.reuters.com/zyf25v) -- In a growing sign of the Chinese currency's dominance, HSBC  0005.HK  HSBA.L  said the city's yuan deposits are likely to grow at a faster pace than the Hong Kong dollar and other currency deposits, rising to 30 percent of all deposits by 2015 from the current 10 percent. (http://link.reuters.com/bag25v) THE STANDARD -- Securities and Futures Commission chairman Carlson Tong said the appointment of Mary Ma as SFC non-executive director has nothing to do with Alibaba's  IPO-ALIB.N  intended listing in Hong Kong. Boyu Capital, which Ma chaired and co-founded, holds a stake in Alibaba. (http://link.reuters.com/dag25v) -- Mid-size developer Chuang's Consortium International 0367.HK  is seeking to sell its retail complex in Tsim Sha Tsui at up to HK$35,000 ($4,500) per square foot. Agents said the price was relatively high as compared to commercial units in Central. (http://link.reuters.com/gag25v) -- Financial Secretary John Tsang Chun-wah reiterated his warning on the risk of a property bubble. But executive councillor Fanny Law Fan Chiu-fun said she expects the city's real estate market to be stable next year. (http://link.reuters.com/hag25v) HONG KONG ECONOMIC JOURNAL  -- Hong Kong government suspended live chicken imports from nearby Shenzhen with immediate effect after the city's first human case of H7N9 bird flu virus was confirmed late on Monday. -- Coach, Inc  COH.N  6388.HK  announced the renewal of a Memorandum of Understanding on anti-counterfeiting with Taobao Marketplace, China's most popular consumer-to-consumer online marketplace, in a bid to better protect consumer interest. -- New World Development  0017.HK  expects to generate more than HK$10 billion from flat sales next year, a level similar to what it achieved in 2013, according to the senior management at the developer.  HONG KONG ECONOMIC TIMES  -- China's biggest funeral service group Fu Shou Yuan is set to sell 500 million shares in its initial public offering in Hong Kong to be launched next week, raising $200 million, according to listing document.           MING PAO DAILY NEWS  -- Bain Capital is cutting its stake in aseptic packaging products producer Greatview Aseptic Packaging Co Ltd  0468.HK , selling 68 million shares at price ranging HK$4.55-HK$4.6 each for up to HK$312 million ($40.25 million), according to a term sheet.     For Chinese newspapers, see............... PRESS/CN    ($1 = 7.7523 Hong Kong dollars) (Reporting by Donny Kwok; Editing by Sunil Nair) ((donny.kwok@thomsonreuters.com)(+852 2843 6470)(Reuters Messaging: donny.kwok.reuters.com@reuters.net)) Keywords: PRESS DIGEST HONGKONG/