Press Digest: Hong Kong - Nov 20

Wenzhou Kangning Hospital

20/11/2015 02:19

HONG KONG, Nov 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  
    - The turnout rate for Sunday's district council elections 
in Hong Kong is expected to be higher than the 41.5 percent for 
the 2011 election, after a University of Hong Kong survey found 
71 percent of registered voters interviewed intended to vote, up 
5 percentage points from a similar survey four years ago. (http://bit.ly/1kHwcqU) 
    - Electric vehicle manufacturer Tesla  TSLA.O  has disabled 
unapproved autopilot functions for Hong Kong drivers after legal 
concerns emerged that those using the new software would be 
committing an offence. The transport department has approved the 
autoparking capability, and two functions that allow cars to 
automatically change lanes and steer within lanes still await 
approval. (http://bit.ly/216HCoM) 
    - China's first listed psychiatric hospital is on track to 
break the mental-health taboo in a country where such illnesses 
are still stigmatised by traditional perceptions. Due to begin 
trading on Friday, Wenzhou Kangning Hospital  2120.HK  is set to 
raise HK$681 million ($88 million) in a Hong Kong initial public 
offering. Founder Guan Weili said overstressed young adults 
accounted for most of the outpatients. (http://bit.ly/1YjdeFn) 
    
    THE STANDARD 
    - Hongkongers are snapping up tour packages to Europe this 
Christmas, undeterred by the Paris terror attacks and price 
increases. The Travel Industry Council listed tours to Europe 
and Asia, with most prices up. June Cheng, assistant general 
manager at Miramar Travel, said most of its customers view the 
Paris attacks as a single incident. (http://bit.ly/1jajMWM)   
    - The Securities and Futures Commission is joining the stock 
exchange in a comprehensive review of listing policies after 
more abnormal price movements were seen among newly listed 
stocks on the Growth Enterprise Market this year. The review 
includes the issues of backdoor listings, highly concentrated 
shareholdings and corporate misconduct, said chairman Carlson 
Tong (http://bit.ly/216J6PI). 
    - Link Asset Management  0823.HK  said tenants at its malls 
can maintain a 6 percent sales growth this year despite a weak 
retail sector in China and Hong Kong because they sell mass 
products. Director Fok Yip-sang said he was optimistic on 
rentals at its EC Mall in Beijing amid a growing middle-class in 
China and the government supporting consumption. (http://bit.ly/1NG32PI) 
 
    HONG KONG ECONOMIC JOURNAL  
    - Alibaba  BABA.N  announced the launch of its HK$1 billion 
($129 million) Alibaba Hong Kong Young Entrepreneurs Foundation 
to support small new companies in the city. The fund can hold up 
to 50 percent equity interest in startups.  
 
    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/