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PRESS DIGEST - Hong Kong - Oct 10

HONG KONG, Oct 10 (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

-- Central Huijin, an investment agency of the central government, raised its stakes in mainland banks, including Industrial and Commercial Bank of China (ICBC)

and Bank of China , in the third quarter. Analysts said this move is an attempt to keep the stock market stable ahead of the 18th national congress. ()

-- China Galaxy Securities is set to include additional bookrunners in its dual listing in Hong Kong and Shanghai that could raise more than $1 billion as soon as the first quarter of next year, according to people familiar with the situation. ()

HONG KONG ECONOMIC TIMES

-- Consumer goods exporter Li & Fung Ltd has appointed Ed Lam, a former Citigroup Inc. investment banker, as chief financial officer, in order to expand senior management team to facilitate its organic growth and acquisition strategy.

THE STANDARD

-- Hong Kong home prices and rents rose to a record high in August, according to the latest Hong Kong government data, raising the spectre of a worsening of 1997 housing bubble. The primary index for measuring private property prices rose for the seventh consecutive month to 210.6 in August, up 2.2 percent from July.

WEN WEI PO

-- China Vanke , the country's largest real estate developer by sales, has acquired a commercial site for 650 million yuan ($103.37 million) in Foshan city, Guangdong.

-- Chinese property developer Kaisa Group Holdings Ltd

has acquired three commercial and residential sites in Foshan city for a total of 1.8 billion yuan.

TA KUNG PAO

-- Property developer Shimao Property Holdings Ltd said contract sales for the first three quarters totalled 35.7 billion yuan, and has exceeded the full-year sales target of 30.7 billion yuan.

For Chinese newspapers, see...............($1 = 6.2878 Chinese yuan)

(Reporting by Twinnie Siu; Editing by)

(+852 2843 6441)

Keywords: PRESS DIGEST HONGKONG/

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