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SOUTH CHINA MORNING POST:
- NetEase.com, operator of the popular online World of Warcraft game franchise on the mainland, has been caught in the middle of a dispute nastier than any virtual battle - a turf war between government regulators.
- Shares in Trinity, the high-end menswear retailer controlled by the parent of Li & Fung, gained 49.1 per cent in their first day of trading yesterday, the third-best debut of a new listing in Hong Kong so far this year.
- Swire Pacific's (SEHK:0019) planned HK$30 billion (US$3.870 billion) flotation of its property business sent shares of the blue chip to a 20-month high yesterday.
- The mainland's banking regulator plans to review debt levels at some real estate developers amid concerns that borrowings are fuelling excessive increases in property prices, a person familiar with the matter said.
- Homebuyers hoping to find a flat for HK$2 million or less and close to transport links can still find units that fit their pockets - but they may have to look further afield or accept cramped conditions, say agents.
THE STANDARD:
- Menswear retailer Trinity (SEHK:0891) made a volatile trading debut yesterday, surprising investors by soaring as much as 94.5 after rising only 10 per cent in the gray market on Monday.
- Alarmed by a surge in property prices, the mainland's banking regulator plans to review the debt levels of some developers.
- Home sales in Hong Kong dropped to a seven-month low in October with potential buyers concerned about a possible bubble because of fast-rising prices.
- China Overseas Land & Investment (SEHK:0668) has met this year's target of selling 4.3 million square meters of property already - by the end of October.
- China National Offshore Oil Corp (SEHK:0883) may build a network of battery-changing stations for electric cars in China, the world's second-biggest car market.
maz
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