PRESS DIGEST - Hong Kong - Jan 25

HONG KONG Jan 25 (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

-- A British high-fashion retailer selling hair accessories and scarves has agreed to pay a monthly rental of HK$310,000 ($39,897) for a 500 sq ft shop at IFC Mall in Hong Kong central business district, a record for shopping centres in Hong Kong. The report did not identify the retailer.

-- Resources company G-Resources (1051.HK) plans to grow its gold production to one million ounces per annum over the next three to five years by expanding gold production and through acquisitions, said the deputy chairman, Owen Hegarty.

HONG KONG ECONOMIC JOURNAL

-- NWS Holdings (0659.HK) plans to increase the proportion of infrastructure business to about 80 percent of its operations within two to three years on the back of its rapidly growing mainland businesses, said executive director Brian Cheng.

SING TAO DAILY

-- The yuan business in Hong Kong could be more market-oriented with investors deciding how the Chinese currency should develop, said Joseph Yam, former chief executive of the Hong Kong Monetary Authority.

WEN WEI PO

-- MTR Corp Ltd (0066.HK) is inviting developers to indicate their interest in two residential sites at its West Kowloon Station. Surveyors estimate the sites have a combined value of between HK$15 billion ($1.93 billion) and HK$25.6 billion.

TA KUNG PAO

-- Zhaojin Mining Industry (1818.HK) said it would take part in the restructuring of the Baiyun gold mine, which may spend up to 200 million yuan ($29.30 million) to expand the capacity to 1,000 to 2,000 tonnes a day from 400 tonnes.

For Chinese newspapers, see...............[PRESS/CN]

For Taiwan newspapers, see............[PRESS/TW] (Reporting by Twinnie Siu; Editing by Ken Wills)