HONG KONG Jan 16 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
-- The mainland's financial system needed to play a more
active role in helping its real economy become more resilient to
external shocks as the world grew economically interdependent,
said IMF deputy managing director Zhu Min. ()
-- British music and entertainment retailer HMV is
seeking help to save itself from collapse. HMV's six Hong Kong
shops would remain open and gift vouchers could be used, as the
local office had not yet received instructions from its British
headquarters, said Gary Luk, of the marketing department of HMV
Hong Kong. ()
HONG KONG ECONOMIC TIMES
-- Listing candidate Quali-Smart Holdings, a toy
manufacturer, has received HK$4 billion ($515.97 million) worth
of margin orders through eight local brokerages, representing an
oversubscription of 448 times the retail target.
-- The Planning Department has proposed the conversion of
four sites in Cheung Sha Wan, with one of them being used for
the construction of 2,300 public housing flats by 2019. ()
SING TAO DAILY
-- Hong Kong Chief Executive Leung Chun-ying expected to
raise the target for public housing flats to 20,000 units per
year from the current 15,000 units.
-- Shenzhen-based PanAsialum Holdings, a major manufacturer
of Apple's iPad, plans to kick off its initial public
offering in Hong Kong on Jan. 23, aiming to raise up to $200
million, according to market sources.
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