HONG KONG Feb 17 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
SOUTH CHINA MORNING POST
-- Premium casual wear retailer Abercrombie & Fitch (A&F)
plans to open its first flagship store on the mainland next
year, and will open a third mall-based store in China in March,
A&F chairman and chief executive Michael Jeffries said in a
conference call with analysts.
-- More than 200 agents of Midland Realty Ltd
protested outside the property agent's headquarters in Central,
demanding payment of their full commissions, but some agents
said the stir was triggered by changes in senior management.
-- China is poised to surpass India as the world's largest
gold consumer this year, with demand projected to climb 20
percent, the World Gold Council said.
-- Henderson Land Development Co Ltd Chairman Lee
Shau-kee said the property market as a whole is still not
looking good, though some say the market has turned bullish.
SING TAO DAILY
-- Standard Chartered Bank (Hong Kong) expects yuan deposits
in the city would grow at a slower rate to between 700 and 800
billion yuan ($127 billion) by the end of the year, said the
bank's economist Kelvin Lau.
MING PAO DAILY NEWS
-- A unit of China Merchants Holdings (International) Co
Ltd has won a bid for a site in Tsing Yi in the New
Territories for HK$1.28 billion ($165.07 million). The site,
covering about 24,000 square metres, is designated for logistics
-- Japanese investment bank Daiwa Capital's spokesman said
it has cut 60 of its 600 staff at its Hong Kong office on
WEN WEI PO
-- Maoye International Holdings Ltd said it has
acquired a piece of land, with a total site area of about
13,452.5 square metres, in China's Nanjing city for 650 million
yuan for a department store project.
For Chinese newspapers, see...............
For Taiwan newspapers, see................
($1 = 6.3016 Chinese yuan)
($1 = 7.7541 Hong Kong dollars)
(Reporting by Twinnie Siu; Editing by Jacqueline Wong)