HONG KONG, March 21 These are some of the
leading stories in Hong Kong newspapers on Thursday. Reuters has
not verified these stories and does not vouch for their
SOUTH CHINA MORNING POST
-- Hong Kong Exchanges and Clearing said
twenty-six series of stock options will have their fees reduced
by up to 83 percent from May 2, as part of a range of measures
to promote stock options and in a bid to boost turnover. ()
-- Baidu Inc, China's largest search engine firm,
is set to work with a local online retailer, Yihaodian.com,
backed by American supermarket giant Wal-Mart to tap the
country's fast-growing e-commerce sector. ()
-- Nanjing Tanker and dry bulk operator CSC
Phoenix, two listed offshoots of China's largest
transport group, face suspension from mainland stock exchanges
if they post further losses, said Zhao Huxiang, Chairman of
Sinotrans Limited. ()
-- China Telecom Corp will not take part in the
development of the mainland's homegrown fourth-generation mobile
network, but intends to rent the TD-LTE network from larger
rival China Mobile Ltd, said Chairman Wang Xiao-chu.
HONG KONG ECONOMIC JOURNAL
-- Bank of China (Hong Kong), the territory's
largest mortgage lender, has followed some rivals such as HSBC,
Standard Chartered, Hang Seng Bank and the Bank of East Asia in
raising the mortgage lending rate by 0.25 percentage point.
MING PAO DAILY NEWS
-- Guangzhou R&F Properties Co Ltd raised its
annual sales target for this year by 23 percent from 2012 to 42
billion yuan ($6.76 billion).
-- Hopewell Holdings aims to raise $800 million by
spinning off its Hong Kong properties, according to market
--- Luxury handbag retailer Milan Station Holdings Ltd
said it expected to record a loss for 2012 as compared
to a profit a year ago due to continuing slowdown in the retail
market for luxury handbags and weakened consumption sentiment
during the year.
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