HONG KONG Feb 22 These are some of the leading
stories in Hong Kong newspapers on Friday. Reuters has not
verified these stories and does not vouch for their accuracy.
SOUTH CHINA MORNING POST
-- Chen Yuan, the 68-year-old chairman of China Development
Bank, will stay in his job at the nation's largest financier of
infrastructure projects and overseas investment despite his age
and a recent controversy over the lender's role in a major
corporate transaction, sources said. Li Ruogu, the 62-year-old
chairman of Export-Import Bank of China (Exim Bank), is also set
to retain his post.
-- Hong Kong Financial secretary John Tsang will announce in
next Wednesday's (February 27) budget that more than HK$10
billion will be injected into the Community Care Fund to finance
initiatives to help the underprivileged and alleviate the
poverty gap, but the tax rebate is likely to be cut back to
below HK$12,000 ($1,500), a source said.
HONG KONG ECONOMIC TIMES
-- Property developer Kaisa Group Holdings Ltd
Chairman Kwok Ying Shing said the company has applied for 2-3
projects in Shenzhen's Qianhai and it is now in discussions with
-- Hopewell Holdings Ltd managing director Thomas
Jefferson Wu said the company was working on spinning off some
of its local property assets covering 5.5 million square feet,
and the proposed funds raised from the spin-off will be used for
the development of Hopewell Center II in Wan Chai.
-- HKT Trust, the telecom arm of PCCW Ltd
, has filed an application of leave with the high court
against the Communications Authority for its failure to act on
the firm's complaint against Apple Inc, which has
disabled support for its subscribers using the three Apple
products on the local 4G network, with a configuration called
SING TAO DAILY
-- Mainland property giant China Overseas Land & Investment
Ltd Chairman Kong Qingping said he expects the company
to achieve double-digit growth in profit and property sales this
year, although it does not expect the mainland to relax its
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