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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (1678)	7/23/2001 1:32:28 AM
From: ms.smartest.person	Read Replies (1) of 2248

PRESS DIGEST - Hong Kong - July 23 HONG KONG, July 23 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Monday. Reuters has not verified these stories and does not vouch for their accuracy. HONG KONG ECONOMIC TIMES - The failure of PCCW's <0008.HK> debt issue and fund managers' increasing preference to hold cash will pressure Hong Kong stocks this week. APPLE DAILY - Car dealers have slashed prices of new autos amid rumours of taxation changes to accessory items. Weekend sales jumped by 10 percent. - Sources say Bank of East Asia <0023.HK> has received tax concessions for its operations in Xian. MING PAO DAILY NEWS - Dragonair's plan to open a new flight connection to Taipei may spell the end of the official "one route one airline" policy. - Some legislators are calling for discretion by the Immigration Department to let an adopted girl from China stay in Hong Kong. She faces deportation after a right-of-abode court ruling. SING TAO DAILY - Some mainland Websites are showing Hong Kong movies online without authorisation. SOUTH CHINA MORNING POST - The Securities and Futures Commission's incoming executive director has pledged a review of the takeover and listing regulations and a focus on lifting corporate governance standards. - About 12 percent of borrowers now take out mortgage insurance to enable them to raise home loans to 90 percent of a property's value, according to the Hong Kong Mortgage Corporation. iMAIL - Hutchison Whampoa unit <0013.HK> Hutchison Ports Holdings is set to call a halt to further investments in Chinese ports, believing that the most viable projects have been snapped up. HONG KONG ECONOMIC JOURNAL - Property developers say the Urban Renewal Authority would bring confusion to the market if it also takes up the role of a developer in its projects. HONG KONG DAILY NEWS - A survey says people in Hong Kong are among the worst in Asia in terms of neglecting their personal health. Most say pressure comes from work and a majority 17 percent seek relief by shopping. SING PAO - The MTR Corp <0066.HK> has appointed two agencies to first put 18 floors of the IFC II for rent by the end of the year. WEN WEI PO - There are over 510,000 companies registered in Hong Kong, according to official figures. Among them 6,286 are foreign companies and the number is three percent more than that at the end of last year. TA KUNG PAO - Guangdong provincial representatives will meet the Hong Kong government Wednesday to discuss economic co-operation. Looking for more information from local sources? Reuters Business Briefing has 35 Hong Kong sources including Hong Kong Economic Journal, Ming Pao, and South China Morning Post. For details of the product, please call your local help desk. -------------------------------------------------------------------------------- Copyright © 2001 Reuters Limited. All rights reserved. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of Reuters Limited Copyright © 2001 Yahoo! Inc. All Rights Reserved.

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