Press Digest: Hong Kong - July 30

KGI Financial Holding

30/07/2015 02:30

July 30 (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  
    - A massive surge in crime involving telephone con artists 
posing as mainland officials has cheated Hongkongers out of 
HK$85.4 million ($11 million) in this month alone, police said. 
A total of 263 people had fallen victim to the fake-official 
scam, police director of crime and security Lo Mung-hung said. 
(http://bit.ly/1U7TgLr) 
    - The Hong Kong government's fifth batch of inflation-linked 
bonds attracted a record 600,000 subscribers offering a total of 
HK$36.1 billion ($4.66 billion), according to initial data 
released by the city's de facto central bank as subscriptions 
closed on Wednesday. (http://bit.ly/1I9HZ5O) 
    - Four mainland tourists who took part in an attack on 
ground crew at Hong Kong International Airport after a flight 
delay on Tuesday were on Wednesday jailed for a combined total 
of 39 days. Acting Principal Magistrate Cheang Kei-hong called 
the assaults "uncivilised" and said it was the ground crew's 
duty to safeguard restricted zones so the court had to protect 
them. (http://bit.ly/1LYPjrs) 
     
    THE STANDARD 
    - Top global luxury brands, including Burberry Group Plc 
 BRBY.L  and Kering's  PRTP.PA  Gucci, intend to negotiate lower 
store rents as business in Hong Kong, Macau and the mainland 
continues to drop. Prada's  1913.HK  Finance Director 
Jean-Jacques Guiony said the group will attempt to renegotiate 
rental arrangements with landlords in view of the weakening 
sales in Hong Kong. (http://bit.ly/1Dc1Mol)     
    - KGI Securities is planning an initial public offering in 
Hong Kong next year, its Taiwan-based parent firm China 
Development Financial  2883.TW  said. The deal would make KGI 
the first Taiwanese financial firm to list in the territory. (http://bit.ly/1ILRnlN) 
         
    HONG KONG ECONOMIC TIMES 
    - CITIC Dameng Holdings Ltd  1091.HK  saw its first-half net 
loss widened to HK$281 million as price of manganese ores 
dropped on weak demand, and said it expects the commodity market 
to remain subdued amid slower growth in global economy, 
oversupply of major commodities and weak commodity demand. 
  
    For Chinese newspapers, see............... PRESS/CN  
    
($1 = 7.7505 Hong Kong dollars) 
($1 = 6.2089 Chinese yuan) 
 
 (Compiled by Donny Kwok in Hong Kong; Editing by Anand Basu) 
 ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters 
Messaging: donny.kwok.thomsonreuters.com@reuters.net)) 
 
Keywords: PRESS DIGEST HONGKONG/