PRESS DIGEST - Hong Kong - Sept 18

HONG KONG, Sept 18 (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

-- Sun Hung Kai Properties (0016.HK) raised the asking price of two penthouses at the Cullinan by more than 20 percent to HK$75,000 ($9,678) per square foot, making them what are believed to be the most expensive apartments in the world, as a flood of liquidity from China fuelled housing prices.

-- China Vanadium Titano-Magnetite Mining, an iron miner in Sichuan province, is planning an initial public offering in Hong Kong early next month of more than US$300 million to take advantage of the recent market rally. It has hired Citi and Deutsche Bank to help with the deal, according to banking sources.

MING PAO

-- China's Ministry of Finance said it would sell 6 billion yuan ($878.9 million) worth of bonds in Hong Kong on Sept 28, of which at least 2 billion yuan would be sold to retail investors with maturities from two to five years. The coupon rate for the two-year bonds could reach 2 percent, sources said.

HONG KONG ECONOMIC JOURNAL

-- Hong Kong-based property companies, including Henderson Land (0012.HK) and K. Wah International (0173.HK), are interested in listing shares in China. A mainland listing could allow them to raise yuan funds for their development projects in China, thereby minimising foreign exchange risks, analysts said.

WEN WEI PAO

-- Wheelock and Co Ltd (0020.HK) and its unit Wharf (Holdings) Ltd (0004.HK) said they succeeded in bidding for land for commercial and residential development in China's Tianjin city for 641 million yuan.

(Editing by Jonathan Hopfner)

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