September 3, 2009 / 1:58 AM / 11 years ago

PRESS DIGEST - Hong Kong - Sept 3

HONG KONG, Sept 3 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.

HONG KONG ECONOMIC JOURNAL

— Chief Justice Andrew Li, widely credited with maintaining confidence in Hong Kon’sg judicial system since the handover, surprised the legal community on Wednesday by announcing he will retire early in a move to provide for an orderly succession, but it also raises concerns about who will be the successor. SOUTH CHINA MORNING POST

— Macau casino revenue surged 17.2 percent to 11.27 billion patacas ($1.45 billion) in August, the second consecutive month of year-on-year growth, suggesting the city’s casino market is back on track after a 12.4 percent drop in revenue in the first half of 2009.

— Hong Kong’s version of Fort Knox, a storage for bullion, has opened at the international airport at Chek Lap Kok and the 340 sq metre depositary is preparing to receive Hong Kong’s gold reserves, which will be shipped back to the city from London.

HONG KONG ECONOMIC TIMES

— China Railway Construction Corp (601186.SS) (1186.HK) is on track to surpass its target of 322 billion yuan ($47 billion) in new orders this year due to strong demand in infrastructure projects on the mainland and abroad, said vice chairman Ding Yuanchen.

MING PAO

— Pacific Century Regional Developments (PCEN.SI) has filed an application to Hong Kong’s Court of Final Appeal to appeal a decision that blocked a bid to take PCCW (0008.HK) private.

WEN WEI PO

— Sino Life (8296.HK), a funeral service provider in Sichuan province and Taiwan, plans to sell 150 million shares in a Hong Kong initial public offering, raising up to HK$150 million ($19.4 million) to fund its plan of building funeral parlours in the mainland and buying facilities in Taiwan, said Chairman Liu Tiancai.

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

For Taiwan newspapers, see............[PRESS/TW] ($1=6.830 Yuan)

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