PRESS DIGEST - Hong Kong - Jan 22
HONG KONG, Jan 22 (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.
HONG KONG ECONOMIC TIMES
-- HSI Services, compiler of the Hang Seng Index .HSI, is studying offering new index products covering the mainland China markets.
-- Investment group Morgan Stanley (MS.N) has predicted a 60 percent chance of 'soft landing' for mainland China's economy and said the GDP percentage growth in the country will remain double-digit.
MING PAO DAILY NEWS
-- Some brokerages have decided not to provide margin financing to their customers in the share sale by four listing candidates amid the market downturn.
-- The global credit crunch has affected financing by casino companies in Macau. An analyst said the economy there is in a bubble and it could burst due to the tightening credit.
SOUTH CHINA MORNING POST
-- Hong Kong Disneyland will add two new themed "lands" with more adult appeal as part of its expansion plans, managing director Bill Ernest said.
THE STANDARD
-- Hong Kong Broadband Network, a subsidiary of City Telecom, said it would provide free wireless internet access to public housing residents, starting today. The company has set up more than 1,000 hotspots in 120 different housing estates as part of a project organised by the Housing Authority.
-- Gaming revenues in Macau rocketed to more than US$10 billion last year, a rise of 46 percent, as the former Portuguese enclave continues to close in on the greater Las Vegas region.
SING PAO
-- The Consumer Council is investigating whether there is a cartel controlling pork prices in Hong Kong. It is looking into market operations from the auction process to pricing.
TA KUNG PAO
-- Standard Chartered expects Hong Kong banks to follow the U.S. Federal Reserve to cut interest rates and by half a percentage point at least.
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