HONG KONG Jan 25 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
-- The median home in Hong Kong cost 11.4 times the median
gross annual household income, according to a report by the
U.S.-based consulting company Demographia. The survey examined
housing affordability in six major areas, including the UK,
United States, Australia, and also Hong Kong, during the third
quarter of 2010.
HONG KONG ECONOMIC TIMES
-- China's largest privately owned aluminium hydroxide
producer Hongqiao Group expected net profit to reach 4.1 billion
yuan ($623 million) for last year, up more than 700 percent from
a year earlier. The company will kick off its public subscription
on Wednesday to raise up to HK$17.2 billion ($2.2 billion).
SING TAO DAILY
-- Chinese developer Greentown China Holdings Ltd (3900.HK)
has acquired five pieces of land in China's Zhejiang province for
a total of 6.68 billion yuan ($1.02 billion).
WEN WEI PO
-- Dell Inc <DELL.O > has signed a cooperation contract with
the Hunan provincial government and said it would base its China
operations office in Changsha.
TA KUNG PAO
-- Hong Kong Exchanges and Clearing Ltd (HKEx) (0388.HK) said
it has received approval from the Securities and Futures
Commission to extend the trading hours of its securities and
derivatives markets in two phases as planned. The first phase
will start on March 7, with the market operating from 9:30 am to
12 noon and then from 1:30 pm until 4 pm.
For Chinese newspapers, see...............[PRESS/CN]
For Taiwan newspapers, see.[PRESS/TW]
(Reporting by Twinnie Siu; Editing by Ken Wills)