HONG KONG, July 7 These are some of the leading
stories in Hong Kong newspapers on Monday. Reuters has not
verified these stories and does not vouch for their accuracy.
SOUTH CHINA MORNING POST
-- Mainland loan guarantors have found themselves ensnared
in the woes of the underground banking sector following a fresh
wave of bankruptcies. (bit.ly/1j7kjIC)
-- Employee protection will be a key consideration for
lawmakers deciding whether to support the introduction of U.S.
style Chapter 11 bankruptcy legislation in Hong Kong, the South
China Morning Post has been told. (bit.ly/1r1GY9b)
-- Beijing has announced a new regulation designed to
improve the central government's tax collection from overseas
mainland companies, including those controlled in Hong Kong. (bit.ly/1pTh4rk)
-- Financial Secretary John Tsang Chun-wah has voiced
concern that the Legislative Council will not be able to
complete vetting of the more than 50 funding requests and
government bills with just a week left before the summer recess.
-- The Hong Kong Journalists Association has set up a
self-censorship monitoring committee, after saying press freedom
is facing its darkest period in decades. (bit.ly/1qCiDHU)
HONG KONG ECONOMIC JOURNAL
-- Hong Kong Airlines is preparing to raise a combined
US$500 million, which could be Hong Kong's first initial public
offering to raise funds in yuan and Hong Kong dollars, according
to a source.
-- Two second-hand apartments were sold for a record sum on
Sunday for an estate in New Territories as demand for secondary
units keeps rising due to limited supply.
HONG KONG ECONOMIC TIMES
-- Ka-keung Chan, Secretary for Financial Services and the
Treasury, said risks for the city's real estate market have not
subsided from two years ago and the government would not loosen
property tightening measures after global hot money started
flowing into Hong Kong recently.
-- Financial Secretary John Tsang Chun-wah said in his blog
Hong Kong may record a "significant increase" for home prices in
For Chinese newspapers, see...............
($1 = 7.7506 Hong Kong dollars)
(Reporting by Yimou Lee; Editing by Subhranshu Sahu)