HONG KONG, Oct 14 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.
SOUTH CHINA MORNING POST
--The number of Hong Kong's high-net-worth individuals fell more than 61 percent, the steepest percentage drop in the world, as the financial crisis took a toll, according to a Merrill Lynch report on Tuesday.
--Shares of Powerlong Real Estate Holdings were trading 9.09 percent higher than its offer price of HK$2.75, closing at HK$3.00 on Tuesday in the grey market, according to Phillip Securities. The stock debuts Wednesday.
HONG KONG ECONOMIC TIMES
--Henderson Land Development (0012.HK) on Tuesday released the first price list for its new residential project, which commands more than HK$63,000 per square foot for a premium apartment, underscoring the trend of rising prices for luxury properties in Hong Kong.
HONG KONG ECONOMIC JOURNAL
--Xinyu Hengdeli Holdings, the mainland's largest luxury watch retailer, expects revenue in the first week of October to rise by more than 50 percent, said chairman Zhang Yu-ping. For the full year, he predicted single-digit growth for sales on the back of rising consumer confidence in the mainland.
SING TAO DAILY
--Bank of China chairman Xiao Gang confirmed on Tuesday that its executive vice-president Zhu Min will transfer to the People's Bank of China as vice-governor.
(Reporting by Twinnie Siu; Editing by Chris Lewis)
((+852 2843-6441; hongkong.newsroom@thomsonreuters.com)) ($1=6.825 Yuan) ($1=7.749 Hong Kong Dollar) Keywords: HONGKONG PRESS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
SOUTH CHINA MORNING POST
--The number of Hong Kong's high-net-worth individuals fell more than 61 percent, the steepest percentage drop in the world, as the financial crisis took a toll, according to a Merrill Lynch report on Tuesday.
--Shares of Powerlong Real Estate Holdings were trading 9.09 percent higher than its offer price of HK$2.75, closing at HK$3.00 on Tuesday in the grey market, according to Phillip Securities. The stock debuts Wednesday.
HONG KONG ECONOMIC TIMES
--Henderson Land Development (0012.HK) on Tuesday released the first price list for its new residential project, which commands more than HK$63,000 per square foot for a premium apartment, underscoring the trend of rising prices for luxury properties in Hong Kong.
HONG KONG ECONOMIC JOURNAL
--Xinyu Hengdeli Holdings, the mainland's largest luxury watch retailer, expects revenue in the first week of October to rise by more than 50 percent, said chairman Zhang Yu-ping. For the full year, he predicted single-digit growth for sales on the back of rising consumer confidence in the mainland.
SING TAO DAILY
--Bank of China chairman Xiao Gang confirmed on Tuesday that its executive vice-president Zhu Min will transfer to the People's Bank of China as vice-governor.
(Reporting by Twinnie Siu; Editing by Chris Lewis)
((+852 2843-6441; hongkong.newsroom@thomsonreuters.com)) ($1=6.825 Yuan) ($1=7.749 Hong Kong Dollar) Keywords: HONGKONG PRESS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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