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HONG KONG NEWSPAPER HIGHLIGHTS - FEB 1, 2008.

AsiaPulse News

| February 01, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

HONG KONG, Feb 1 Asia Pulse - Highlights of today's newspapers:

SOUTH CHINA MORNING POST:

- Hong Kong and mainland stocks completed one of their worst trading months yesterday as investors were unconvinced another US interest-rate cut would help the ailing global economy.

- The global subprime mortgage crisis is hitting closer to home, with Standard Chartered Bank lending up to US$7.15 billion to prop up a structured investment vehicle (SIV).

- In what is deemed a strategic move to meet shareholders' wishes to focus on the Hong Kong-mainland market, HSBC Holdings (SEHK: 0005) has appointed its Asia-Pacific and China head Vincent Cheng Hoi-chuen to the board as an executive director, effective today.

- Despite a jittery global economy, mainland information technology giant Lenovo Group is betting on a banner year as it expands into international markets with new consumer-oriented personal computers and enterprise servers.

- After casting off the IBM brand from its global marketing programme, Lenovo Group (SEHK: 0992, announcements, news) is shedding its unprofitable mobile-telephone division in a bid to sharpen focus on its core computer business.

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Source: HighBeam Research, HONG KONG NEWSPAPER HIGHLIGHTS - FEB 1, 2008.

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