RPT-PRESS DIGEST - Hong Kong - July 8

HONG KONG, July 8 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy.

HONG KONG ECONOMIC TIMES

-- Visiting Vice President Xi Jinping last night revealed a new business initiative for Hong Kong service industries to enter Guangdong province under a newly signed agreement.

APPLE DAILY

-- One-third of Hong Kong adults are investors in stocks or derivative products, according to a survey by HKEx. The ratio is at a 20-year high, but is expected to drop as the Hang Seng Index slides.

MING PAO DAILY NEWS

-- Unsecured creditors of collapsed Oasis Hong Kong Airlines, including ticketholders, will eventually receive no more than 10 percent of what they are owed, according to the airline's provisional liquidator, KPMG.

SING TAO DAILY

-- The Hong Kong Flight Attendants' Alliance, formed with 7,000 members from four major airlines, says it is considering taking legal action to claim HK$270 of holiday compensation pay they say the airline owes them over the past six years.

SOUTH CHINA MORNING POST

-- Cheung Kong (Holdings) (0001.HK), the second-largest developer in Hong Kong, realised HK$23 billion from property sales in the first half of this year, exceeding the HK$22 billion target it set earlier for the entire 2008.

-- Hong Kong mobile-phone operators have launched bargain offers hoping to prevent customers switching to Hutchison Telecom (2332.HK) for its launch of Apple iPhone 3G packages due this Friday.

THE STANDARD

-- Ratings agency Fitch said strong tax revenues should be enough to ensure Hong Kong posts a HK$17.5 billion surplus this year, although revenues remain volatile.

-- Securities and Futures Commission chief executive Martin Wheatley says there will be a review after the summer on what defines a "professional investor". It follows complaints by well-heeled investors that they were improperly sold risky "accumulator" products.

WEN WEI PO