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SOUTH CHINA MORNING POST:
- Mohammed VI, the King of Morocco, is among the private investors embroiled in the bitter financial restructuring of former Macau legislator David Chow Kam-fai's Macau Legend business, according to three sources with knowledge of the situation.
- The silence at the two-floor offices of Fu Ji Food and Catering Services Holdings in Shanghai underlines an obvious fact - that the company is in trouble.
- Every year, the mainland releases 20 billion cubic metres of coalbed methane (CBM) into the atmosphere - the energy equivalent of 26 million tonnes of coal or the annual output of the Three Gorges Dam.
- Vice-Premier Li Keqiang reiterated the government's pro-growth policy stance yesterday amid a better than expected recovery of the world's third-largest economy.
- With business sentiment improving in Hong Kong, South Korea's Samsung Electronics expects technology sales to pick up steam this quarter, with demand from the public sector leading the way.
- Australia's relationship with China was one of its most important, and the two governments should work through any difficulties in a "calm and measured" way, Australian Foreign Affairs Minister Stephen Smith said yesterday.
- Shanghai Xujiahui Centre (Group), formerly Shanghai No 6 Department Store, has been given approval by the market regulator to launch an initial public offering on the Shenzhen Stock Exchange, to raise expansion funds to capitalise on the city's retail sales growth.
THE STANDARD:
- China Life Insurance (2628) said third-quarter profit more than doubled to 5.95 billion yuan (HK$6.75 billion) from a year earlier as the equity market recovery boosted its investment returns.
- Four listing candidates eyeing a combined HK$12.1 billion will meet investors this week.
- Smaller banks are trying to broaden their customer base by offering low interest rates and changing marketing tactics in the upcoming tax season.'
- The government is hopeful of collecting more than HK$180 million from the auction of 10 luxury flats in November.
- China CITIC Bank (0998) said third-quarter net income rose 7.5 percent from a year ago to 4.35 billion yuan (HK$4.94 billion), as better net fee income growth helped offset the impact of squeezing net interest income.
cg
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