PRESS DIGEST - Hong Kong - March 3
HONG KONG, March 3 (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
-- More than 300 HSBC-linked warrants and bull/bear contracts are expected to be thrown into trading chaos on Tuesday after the banking giant's results and rights issue announcements on Monday.
APPLE DAILY
-- A survey says the Hong Kong logistics industry is shrinking, leaving 4,000 out of the 13,000 goods trucks idle.
SING TAO DAILY
-- The number of new mutual funds being approved has dropped sharply, according to the Securities and Futures Commission. The commission says it received 62 percent fewer applications for the five months to end-February, compared with the same period a year before.
SOUTH CHINA MORNING POST
-- Peter MacDonald, Goldman Sachs' head of Asian equities and one of its most respected old Asia hands, is retiring after 17 years with the firm.
THE STANDARD
-- A consortium of three mainland and two foreign companies has been chosen to design the HK$82 billion ($10.5 billion) Hong Kong-Zhuhai-Macau Bridge, with work scheduled to begin in December.
SING PAO
-- Publishing group SCMP (0583.HK) announced that parent firm Kerry Media had sold a combined 14.4 percent stake in the company to Deutsche Bank, JP Morgan Chase and Bank of East Asia (0023.HK) in a bid to increase public circulation of the stock.
WEN WEI PO
-- HSBC's (0005.HK) share of the mortgage market has come down from a peak of over 30 percent in January to just 16.4 percent in February, but the bank has remained the market leader for eight months straight. Bank of East Asia has been rising since late 2008 to take third place.
(Editing by Jonathan Hopfner)
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