Press Digest: Hong Kong - Nov 6

Sino Land

06/11/2014 02:07

HONG KONG, Nov 6 (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  
    -- The Hong Kong-Zhuhai-Macau bridge project will cost 
taxpayers at least HK$3.3 billion ($425.7 million) more than its 
HK$83 billion budget, according to an estimate, which 
construction experts called conservative. (http://bit.ly/1qqn9GK) 
    -- A generation gap and different expectations about how the 
occupation campaign should evolve have pulled student leaders 
and Occupy Central organisers apart. It has left students, the 
only group now leading the civil disobedience movement, 
unwilling to compromise. (http://bit.ly/1EjMsTg) 
    -- Xiaomi  XTC.UL , the world's third-largest smartphone 
supplier after Apple  AAPL.O  and Samsung  005930.KS , is aiming 
for an initial public offering as early as next year, said two 
people close to the company. The four-year-old company, which is 
valued at $50 billion, has yet to decide when and where to 
launch the initial public offering, sources said. (http://bit.ly/1tJLHQ4) 
     
    THE STANDARD 
    -- New People's Party chairwoman Regina Ip Lau Suk-yee has 
suggested that Hong Kong Federation of Students' representatives 
be given seats on the Nominating Committee for the chief 
executive election. Ip said the 1,200-strong committee, which 
will vet candidates for the 2017 chief executive election, 
should include representatives of young people and women.(http://bit.ly/10WHltZ) 
    -- The last Pak Shek Kok seaview residential site was 
acquired by mid-sized developer Billion Group at HK$2.54 
billion($327.66 million), higher than market estimates. The 
local developer outbid 14 developers including giants such as 
Cheung Kong Holdings  0001.HK  and Sino Land  0083.HK . (http://bit.ly/10pdSrt) 
    -- Most users of social media platforms do not want 
companies to collect data on their purchasing habits by trawling 
through their "likes" and postings, according to a survey by the 
Hong Kong University of Science and Technology. According to the 
survey, 66 percent prefer companies to inform them in advance 
before collecting their buying records. (http://bit.ly/1wyuiuJ) 
  
         
    HONG KONG ECONOMIC JOURNAL 
    -- Beijing officials are positive on the launch of 
Shanghai-Hong Kong Stock Connect as soon as possible, and the 
link is awaiting the right moment to start, according to Hong 
Kong's Financial Secretary John Tsang Chun-wah.  
    -- Chow Tai Fook Enterprises, controlled by tycoon Cheng 
Yu-tung, bought 496 million shares of Greenheart GP  0094.HK  at 
US $0.09 each for US $44.65 million, raising its stake in the 
log and timber firm to 62.82 percent, according to a disclosure 
to the Hong Kong bourse. 
            
    For Chinese newspapers, see............... PRESS/CN    
 ($1 = 7.7519 Hong Kong dollar) 
 
 (Reporting by Donny Kwok; Editing by Gopakumar Warrier) 
 ((donny.kwok@thomsonreuters.com)(+852 2843 6470; Reuters 
Messaging: donny.kwok.reuters.com@reuters.net)) 
 
Keywords: PRESS DIGEST HONGKONG/