PRESS DIGEST - Hong Kong - Jan 26

HONG KONG Jan 26 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy.

SOUTH CHINA MORNING POST

-- Shanghai World Expo, which opens in May, is expected to bring in 4 billion yuan ($586 million) in additional income and 5 million extra passengers to China Eastern Airlines (0670.HK), the official carrier to the event, according to the airline's Executive Director Ma Xunlun.

-- Hong Kong Exchanges and Clearing (0388.HK) will expand yuan-related business to attract more overseas companies to list in the city over the next three years, Chief Executive Charles Li said.

-- The mainland advertising market grew 13.5 percent last year to 507.5 billion yuan ($74.34 billion), with most of the revenue coming from the cosmetics and toiletries sectors, according to a Beijing-based market research company.

HONG KONG ECONOMIC JOURNAL

-- The number of new apartments available for sale this year is expected to climb 98 percent from the year before to 14,159 units, of which developers Cheung Kong (0001.HK) and Sun Hung Kai Properties (0016.HK) accounted for 75 percent, according to property agent Centaline.

-- China Aoyuan Property Group (3883.HK) said it aims to sell homes at a luxury project in Beijing for an average 80,000 yuan per square meter, which may generate 13 billion yuan in revenue, Chairman and Chief Executive Guo Ziwen said.

MING PAO

-- Former CITIC Pacific (0267.HK) boss Larry Yung emerged victorious on Monday as three minority shareholders suing him said they would halt their action as they could not afford the legal fees to take the case to the High Court.

SING TAO DAILY

-- Several developers including Sun Hung Kai Properties (0016.HK), New World Development (0017.HK) said they are interested in two prime residential sites in Kowloon's Austin Station, while surveyors expect big developers to form joint ventures in bidding to share the risk.

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