Press Digest: Hong Kong - June 27

Tsui Wah Holdings

27/06/2014 02:58

HONG KONG, June 27 (Reuters) - 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  
    -- Ratings agency Moody's restated its negative outlook on 
the city's banking system in a new report, highlighting the 
risks to lenders over the next 12 to 18 months from rapidly 
expanding exposure to mainland borrowers. (http://bit.ly/1miQkIb) 
    -- Hong Kong's privacy chief has renewed his call for Google 
 GOOGL.O  to provide its "right to be forgotten" globally - 
including in Hong Kong - as international pressure mounts on the 
internet search giant to apply the new safeguard beyond Europe. 
(http://bit.ly/1ljj6Ix) 
    -- Russia's Gazprom  GAZP.MM , the world's largest natural 
gas producer, has been in discussions about a Hong Kong listing 
and may use the yuan in a recently agreed gas export deal with 
China, as it seeks to reduce reliance on the European market. (http://bit.ly/1mAsNay) 
     
    THE STANDARD 
    -- Existing China UnionPay terminals can remain inside 
casinos after July 1, but no new terminals can be added, Macau's 
Secretary for Economy and Finance, Francis Tam Pak-yuen, said. 
(http://bit.ly/1sJ8dcR) 
    -- China Construction Bank  0939.HK   601939.SS  bought an 
office building in London for 110 million pounds ($184.70 
million) as it expands in Europe after becoming the first yuan 
clearing bank in the British capital. (http://bit.ly/1po2hEM) 
    -- Restaurant chain operator Tsui Wah Holdings  1314.HK  
raised prices on its menu in May despite an 18.8 percent 
increase in annual net profit to HK$156 million ($20.13 
million). That solid profit serving contrasted sharply with a 
sharp slip in earnings at rival Fairwood Holdings  0052.HK . (http://bit.ly/1lt16QR) 
     
    HONG KONG ECONOMIC JOURNAL  
    -- The Securities and Futures Commission, Hong Kong's 
securities watchdog, posted a loss of HK$139 million ($17.93 
million) for the year ended March, compared with a loss of 
HK$14.09 million in the previous year, as staff costs and 
directors' fee increased.   
     
    HONG KONG ECONOMIC TIMES  
    -- Six listing candidates will open their retail books next 
week, raising up to a total of HK$4.1 billion ($528.93 million) 
in their initial public offerings in Hong Kong. Of this, Inner 
Mongolia-based milk producer Shengmu is expected to raise up to 
HK$1.31 billion.     
     
    For Chinese newspapers, see............... PRESS/CN    
($1 = 7.7515 Hong Kong Dollars) 
($1 = 0.5956 British Pounds) 
 
 (Reporting by Donny Kwok; Editing by Subhranshu Sahu) 
 ((donny.kwok@thomsonreuters.com)(+852 2843 6470)(Reuters 
Messaging: donny.kwok.reuters.com@reuters.net)) 
 
Keywords: PRESS DIGEST HONGKONG/