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HONG KONG NEWSPAPER HIGHLIGHTS - APRIL 1, 2009.

AsiaPulse News

| April 01, 2009 | COPYRIGHT 2009 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, April 1 Asia Pulse - Highlights of today's newspapers:

SOUTH CHINA MORNING POST:

- The mainland securities regulator yesterday took advantage of rising investor confidence to announce rules for the long-awaited Nasdaq-style second board as well as the resumption of initial public offerings.

- In a rare move to revive investor confidence, Bank of China, which controls 65.77 per cent of BOC Hong Kong (Holdings) (SEHK: 2388) or BOCHK, said it would "continually increase its shareholding" in the banking subsidiary on the secondary market.

- Hunan Valin Iron & Steel has received Australian government approval to take a 17.4 per cent stake in Fortescue Metals Group while China Minmetals Corp has submitted a revised offer for OZ Minerals after Canberra objected to the original deal.

THE STANDARD:

- The city's consumer confidence index last year slipped to the 2004 level, dropping 1.6 percent to 69.1.

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