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SOUTH CHINA MORNING POST: - HSBC (SEHK: 0005, announcements, news) s China Purchasing Managers Index (PMI) rose to an 18-month high in October of 55.4 from 55.0 in September, pointing to sustained strength in the countrys vast manufacturing sector. - Air China (SEHK: 0753, announcements, news) will hold 51 per cent of a cargo venture with Cathay Pacific (SEHK: 0293) which it hopes to finalise in the first half of next year, an executive of the mainland airline executive said on Monday. - Macau may be Asia's Las Vegas, but Singapore is lifting the ante in a matter of months with the opening of two of the most expensive casino resorts in the world. - CPMC Holdings, which is seeking to list on the stock market, expects net profit to grow 58 per cent to 146 million yuan (HK$165.72 million) this year. - The mainland's manufacturing sector expanded last month at the fastest rate in 18 months, a survey showed yesterday, and economists said they expected the momentum to be sustained in the coming months. - Property owners and retailers in the Sha Tau Kok want travel restrictions to be lifted when the Hong Kong government begins to shrink the security cordon next year around the area, which borders the mainland. THE STANDARD: - Home buyers, worried about the government's housing policy, have turned cautious, driving down the number of property deals over the weekend. - Mainland firms remain eager to tap the local market, even after two developers delayed their listing plans, with CPMC Holdings and China High Precision Automation set to open their retail books today to raise a combined HK$2.28 billion. - Henderson Land Development (0012), which is actively acquiring old buildings, is considering working with Kwai Hung Realty to redevelop four old buildings in Central into a shopping center, sources told Sing Tao Daily, sister publication of The Standard. - Qunxing Paper Holdings (3868) will spend up to 563.5 million yuan (HK$639.74 million) for a wind farm in Inner Mongolia to diversify its business development, chairman Zhu Yuguo said. - China's manufacturing activity in October rose at the fastest rate in 18 months, an official survey said, signaling accelerating economic growth. cg For full details for SCHPY click here.
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