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PRESS DIGEST - Hong Kong - Jan 4

HONG KONG, Jan 4 (Reuters) - 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

-- Roadside air pollution in Hong Kong’s Central business district hit life-threatening levels on an average of one in every eight days last year, while the number of very high pollution days on streets in Mongkok increased 37-fold over the past five years, analysis showed.

-- Hong Kong exporters are bracing for a rise in Guangzhou’s minimum wage, with factory owners in Pearl River Delta saying there is growing speculation that it will be raised to up to 1,000 yuan ($146.50) per month, from 860 yuan.

HONG KONG ECONOMIC TIMES

-- Chinese property developer R&F Properties (2777.HK) said contracted sales for 2009 totalled 24.91 billlion yuan ($3.65 billion), up 50 percent from a year earlier.

HONG KONG ECONOMIC JOURNAL

-- Chinese developer Evergrande Real Estate 3333.HK said it generated 1.1 billion yuan from contracted sales of two residential projects launched in China's Changsha on New Year's Day. The two projects are expected to be completed in 2011.

SING TAO DAILY

-- A top-level police reshuffle is expected soon with more than half of the force’s 21 most senior officers retiring in the next two years. Deputy Police Commissioner (Management) Andy Tsang Wai-hung would probably replace Deputy Commissioner (Operations) Peter Yam Tat-wing, who retires in March, sources said.

APPLE DAILY

-- Lifestyle International Holdings 1212.HK, the operator of Sogo department stores in Hong Kong, acquired a 20 percent stake in a shopping mall development joint venture in Suzhou for 163 million yuan.

TA KUNG PAO

-- Chinese property developer Glorious Property 0845.HK said it has successfully bid for two parcels of land for commercial and residential development use in China's Jiangsu province for 4.14 billion yuan.

For Chinese newspapers, see...............[PRESS/CN]

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