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PRESS DIGEST - Hong Kong - April 14

Source: Reuters - Mon, 14 Apr 2014 01:48 GMT
Author: Reuters
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HONG KONG, April 14 (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

-- Beijing has left the door open on the possibility of a pan-democrat being allowed to run for chief executive in 2017. But there is no possibility of public nomination of candidates, Hong Kong's lawmakers were told during a meeting with senior mainland officials in Shanghai. (http://link.reuters.com/zab58v)

-- The United States looks set to reintroduce annual reports to Congress on political developments in Hong Kong following a plea by the Democratic Party's founding chairman Martin Lee Chu-ming. (http://link.reuters.com/ceb58v)

-- Hong Kong's financial services minister has warned market players not to expect the quota under the proposed cross-border stock trading scheme to be increased after it is filled, despite complaints that the cap is too low. (http://link.reuters.com/deb58v)

THE STANDARD

-- Both primary and secondary home market sales improved slightly during the weekend. The leader was Cheung Kong Holdings with its final batch of flats -- all 402 homes -- at Trinity Towers, sold in two weeks. (http://link.reuters.com/heb58v)

-- Wing Tai Properties expects to invest up to HK$710 million in developing the most expensive residential plot in Hong Kong's Sai Wan Ho. (http://link.reuters.com/meb58v)

HONG KONG ECONOMIC JOURNAL

-- Media services group SMI Culture Group Holdings Ltd said it planned to invest in making 8 to 10 movies this year. One of the movies it has invested in -- American Dreams in China -- recorded 539 million yuan in box office receipts on the mainland.

HONG KONG ECONOMIC TIMES

-- CITIC Pacific, which is expected to announce details of its acquisition of parent assets on April 16, may issue new shares and obtain a syndicated loan to raise capital to finance the deal, according to market sources. Sovereign funds, such as Temasek, may be introduced as strategic investors, they added.

For Chinese newspapers, see............... (Reporting by Donny Kwok; Editing by Sunil Nair)

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