PRESS DIGEST - Hong Kong - Oct 29

HONG KONG, Oct 29 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Thursday. Reuters has not verified these stories and does not vouch for their accuracy. SOUTH CHINA MORNING POST

-- Bank of East Asia (0023.HK) received more than US$3 billion worth of orders for its hybrid securities, combining a 10-year note issued by the bank and preference shares issued by one of its subsidiary, and the securities are expected to be priced on Thursday, a banker familiar with the issue said.

-- Consumer confidence in Hong Kong rose the most in the world in the third quarter with a strong rebound in optimism about job prospects, household income and spending, according to a global survey by media firm The Nielsen Company. It was followed by South Korea.

HONG KONG ECONOMIC JOURNAL

-- The retail portion of the initial public offering of Evergrande Real Estate (3333.HK) earmarked for retail investors has been 46 times oversubscribed, sources said.

HONG KONG ECONOMIC TIMES

-- Air China (0753.HK) (601111.SS) will adjust its fleet and passenger capacity to capture business opportunities at the Shanghai World Expo, and expects the Shanghai terminal, a joint venture with Cathay Pacific Airways (0293.HK), to be established by the spring of 2010, said chairman Kong Dong.

MING PAO

-- Double A, a paper products and stationery manufacturing unit of Thailand's Advance Agro [ADVAG.UL], is eyeing a listing in Hong Kong, according to sources. Double A distributes its products in Southeast Asia and Europe.

APPLE DAILY

-- Bank of Communications (3328.HK) (601328.SS) may need to strengthen its capital base through multi-channel fund-raising exercises if its core capital adequacy ratio falls below 8 percent, analysts cited the bank's management as saying after a teleconference.

WEN WEI PO

-- Construction of a bridge linking Hong Kong, Macau and Zhuhai will kick off in phases in December after China's State Council gave the green light on a feasibility study of the project, said a Hong Kong government spokesman. The bridge is scheduled to be completed by 2015 or 2016.

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By Reuters.com