HONG KONG May 7 These are some of the leading
stories in Hong Kong newspapers on Wednesday. Reuters has not
verified these stories and does not vouch for their accuracy.
SOUTH CHINA MORNING POST
-- A 49-year-old man in Sichuan died of H5N6 bird flu in the
first known human infection of the strain in the world. (link.reuters.com/nyc29v)
-- Reforming the board and clarifying the mission of the MTR
Corporation will help the government reassert control
over the rail company after a delay to the high-speed rail link
exposed its weak oversight, transport and management experts
-- Disappointed by poor sales during the May Day holiday,
mainland developers are expected to deepen their price cuts in a
bid to reverse market sentiment as there is no sign of any
relaxation in China mortgage policies. (link.reuters.com/ryc29v)
-- Tencent has attracted 80 billion yuan ($12.85
billion) for its wealth management product Licaitong in less
than four months since its launch, taking its daily inflow to
727 million yuan. This lags behind rival Alibaba's Yuebao
platform, which had pulled in an accumulated 541.3 billion yuan
by March 31. (link.reuters.com/syc29v)
HONG KONG ECONOMIC JOURNAL
-- A corruption case involving senior management of Sun Hung
Kai Properties and a former top Hong Kong government
official is set to go to trial in High Court on Thursday. The
trial is expected to run for 70 days.
HONG KONG ECONOMIC TIMES
-- Guotai Junan Securities Co Ltd, the parent of Hong
Kong-listed Guotai Junan International Holdings Ltd,
is planning a listing in China's A share market, raising about
20 billion yuan ($3.21 billion), according to market estimates.
For Chinese newspapers, see...............
($1 = 6.2257 Chinese Yuan)
(Reporting by Donny Kwok; Editing by Subhranshu Sahu)