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HONG KONG NEWSPAPER HIGHLIGHTS - MARCH 3, 2008.

AsiaPulse News

| March 03, 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, March 3 Asia Pulse - Highlights of today's newspapers:

SOUTH CHINA MORNING POST:

- Hong Kong Exchanges and Clearing (SEHK: 0388) listing head Richard Williams has hit back at criticism of the soon to be implemented controversial suspension policy, saying the new measures are in line with international practices

- The Hang Seng Index may retreat by as many as 500 points or 2.1 per cent today after United States markets dropped on Friday.

- China Pacific Insurance, which withdrew a HK$24 billion initial public offering last month, plans to bring the deal back to market this month and will begin pre-marketing today, sources said.

- PCCW (SEHK: 0008), the city's largest telecommunications service provider, is expected to report 35 per cent net profit growth for the year to December on improvements in its core fixed-line business and narrowed losses from pay television and mobile operations, analysts estimated.

- YY Sport, the retail unit of Yue Yuen Industrial (SEHK: 0551, announcements, news) Holdings, has increased its planned initial public offering by 50 per cent to US$1.5 billion, thanks to the mainland's strong consumption that boosted its valuation, sources said.

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Source: HighBeam Research, HONG KONG NEWSPAPER HIGHLIGHTS - MARCH 3, 2008.

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