PRESS DIGEST - Hong Kong - Nov 11
HONG KONG, Nov 11 (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.
SOUTH CHINA MORNING POST
- Former chief executive Tung Chee-hwa launched his think tank on Monday, asserting that its most urgent missions were to win support for the Hong Kong government's 2017 chief executive election plan, boost social mobility for the younger generation and groom future political leaders. (http://bit.ly/1uVfQxF)
- Representatives from Hong Kong's political and business sectors should sit down with students to resolve the younger generation's concerns about housing and career development, Antony Leung Kam-chung proposed. Leung, who has been tipped as a possible successor to Chief Executive Leung Chun-ying, also urged the youth to consider participating in the political system. (http://bit.ly/1ugKEaj)
- A mainland-made utility plane is to be sold to the United States for the first time, aerospace manufacturing giant Aviation Industry Corp of China (AVIC) said before the 10th Zhuhai Airshow, which opens on Tuesday. (http://bit.ly/1pKltgH)
THE STANDARD
- The High Court has authorised the Hong Kong police to arrest and remove anyone who obstructs or interferes with the bailiff in the execution of the interim injunction against Admiralty and Mong Kok occupiers. (http://bit.ly/1stMy2g)
- The Stock Connect scheme was finally given the green light after Chief Executive Leung Chun-ying gave assurances to Chinese President Xi Jinping that he could deal sufficiently with Occupy Central. Sources said Leung made the case during a closed-door meeting in Beijing with Xi on the fringes of APEC on Sunday. (http://bit.ly/1zHZKct)
- Accounting firm Deloitte Touche Tohmatsu estimates the Hong Kong government will have a surplus of HK$27.3 billion ($3.52 billion) for the current fiscal year, three times the original forecast of HK$9.1 billion. (http://bit.ly/1wMHb4l)
HONG KONG ECONOMIC JOURNAL
- Hui Xian Real Estate Investment Trust said it would buy a commercial complex in Chongqing from its parent firms Cheung Kong (Holdings) and Hutchison Whampoa for 3.91 billion yuan ($639 million), a price representing a 4.7 percent discount to the property's valuation.
HONG KONG ECONOMIC TIMES
- Hong Kong Disneyland said it would raise the resort's new admission ticket prices by 10 to 16 percent, of which the new price for a 1-day ticket for general admission for an adult will increase to HK$499 ($64.30) from HK$450.
For Chinese newspapers, see............... (1 US dollar = 6.1190 Chinese yuan) (1 US dollar = 7.7540 Hong Kong dollar) (Reporting by Donny Kwok; Editing by Biju Dwarakanath)
