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PRESS DIGEST - Hong Kong - Oct 10

HONG KONG, Oct 10 (Reuters) - These are some of the leadingstories in Hong Kong newspapers on Wednesday. Reuters has notverified these stories and does not vouch for their accuracy.

SOUTH CHINA MORNING POST

-- Central Huijin, an investment agency of the centralgovernment, raised its stakes in mainland banks, includingIndustrial and Commercial Bank of China (ICBC)

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

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

HONG KONG ECONOMIC TIMES

-- Consumer goods exporter Li & Fung Ltd hasappointed Ed Lam, a former Citigroup Inc. investmentbanker, as chief financial officer, in order to expand seniormanagement team to facilitate its organic growth and acquisitionstrategy.

THE STANDARD

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

WEN WEI PO

-- China Vanke , the country's largest realestate developer by sales, has acquired a commercial site for650 million yuan ($103.37 million) in Foshan city, Guangdong.

-- Chinese property developer Kaisa Group Holdings Ltd

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

TA KUNG PAO

-- Property developer Shimao Property Holdings Ltdsaid contract sales for the first three quarters totalled 35.7billion yuan, and has exceeded the full-year sales target of30.7 billion yuan.

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

(Reporting by Twinnie Siu; Editing by)

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Keywords: PRESS DIGEST HONGKONG/