Press Digest: Hong Kong - Sept 7

Kowloon Development

07/09/2015 02:56

HONG KONG, Sept 7 (Reuters) - These are some of the leading 
stories in Hong Kong newspapers on Monday. Reuters has not 
verified these stories and does not vouch for their accuracy.   
         
    SOUTH CHINA MORNING POST  
    - Austria's diplomat in the city has called on Hongkongers 
to drop their obsession with competitiveness and GDP growth and 
focus on improving quality of life. Claudia Reinprecht, the 
Austrian consul general to Hong Kong and Macau, said 
policymakers and civic leaders should place greater emphasis on 
cultivating family-friendly environments and tackling housing 
once and for all. (http://bit.ly/1g4l2Jy) 
    - Another dissident Democrat plans to quit the party he 
co-founded to form a think tank aimed at finding a "third way" 
for Hong Kong in the wake of the failed political reform. Former 
lawmaker Tik Chi-yuen is the second veteran to leave the 
Democratic Party in three months after Nelson Wong Sing-chi was 
expelled in July. (http://bit.ly/1JNpjfh)   
    - Li Yifei, country chairwoman of Man Group's  EMG.L  China  
unit, whose disappearance from public view last week fuelled 
suspicions about a role in a stock market rout, has returned 
home after meeting authorities, according to her husband. Wang 
Chaoyong, Li's husband, said she was dismissed from the meeting 
several days ago and the couple then went on holiday to Sichuan. 
(http://bit.ly/1KzsWsC) 
     
    THE STANDARD 
    - Chinese tourists flocking to Australia to purchase baby 
milk formula have caused "semi-riots" at some big supermarket 
chains, with retailers enforcing restrictions on the sale of 
products. The two big retailers Coles and Woolworths have been 
forced to introduce signs in Chinese on shelves across the 
country advising customers on strict limits of four tins of 
formula. (http://bit.ly/1hOItYp) 
    - Investors are switching to buying tiny new flats that come 
with steep discounts and require low down payments, given fewer 
investment options amid swinging stock markets and a sliding 
yuan. At Kowloon Development's  0034.HK  Hung Hom mini-unit 
scheme Upper East, 325 of 368 flats listed for weekend sale were 
gone by Sunday evening. (http://bit.ly/1UvYF2J) 
         
    HONG KONG ECONOMIC JOURNAL  
    - Sun Hung Kai Properties  0016.HK  is expected to post a 
11.7 percent decline in core profit at HK$18.9 billion ($2.44 
billion) for the year ended in June as the developer announces  
yearly earnings on Thursday with results seen hit by a decline 
in profit from property development, according to DBS Vickers. 
     
    MING PAO DAILY 
    - Henderson Land Development  0012.HK  is seen selling eight 
non-core property projects, valued at HK$32 billion, as the 
developer has received more enquiries from investors and foreign 
investment funds expressing interest in investing in the city's 
office property, according to a source from Henderson Land.      
   
    For Chinese newspapers, see............... PRESS/CN    
($1 = 7.7496 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/