HONG KONG, Jan 7 (Reuters) - Hong Kong shares may test
19-month highs on Monday, helped by the banking sector after
global regulators gave banks four more years to build up cash
buffers so they can use some reserves to help struggling
The pull-back from an earlier draft of new global bank
liquidity rules to help prevent another financial crisis went
further than banks had expected.
Last Friday, the Hang Seng Index fell 0.3 percent
from Thursday's 19-month high, but posted its best weekly
showing in six weeks, rising 2.9 percent. The China Enterprises
Index of the top Chinese listings in Hong Kong jumped
4.9 percent despite slipping 0.4 percent on Friday.
Elsewhere in Asia, Japan's Nikkei was down 0.3
percent, while South Korea's KOSPI was down 0.5 percent
at 0055 GMT.
FACTORS TO WATCH:
* China has unveiled detailed measures to ease funding
pressure on its public housing programme this year, including
requiring local governments to allocate enough money and
offering loan subsidises for developers.
* Hong Kong-listed property developer Shui On Land Ltd
said on Monday it expects its full year 2012 profit to
drop significantly due to fewer properties being delivered
during the period.
* Lenovo Group Ltd unleashes new Windows 8 touch
* Fung Retailing Ltd, a wholly owned unit of the privately
held Fung Group, and other partners have acquired a 70 percent
stake in South Korean children's apparel maker Suhyang Group,
the company said in a statement. The holding company of the Fung
Group is privately held Fung Holdings (1937) Ltd, which is also
a substantial shareholder of Hong Kong's Li & Fung Ltd
* Hong Kong billionaire Li Ka-shing, chairman of Cheung Kong
(Holdings) Ltd, said on Friday that residential prices
in Hong Kong, which houses the world's most expensive
apartments, should be stable, rising or falling within 10
percent for the whole of this year.
* Shimao Property Holdings Ltd said it planned to
issue U.S. dollar senior notes to refinance its existing debt,
to finance its existing and new property development projects.
* China Aoyuan Property Group Ltd said its unit
has acquired a piece of land designated for residential and
commercial uses in China's Chongqing through public auction for
530 million yuan as it expands its development in the region.