MR Chan Kui-yeung, executive director of Sun Hung Kai Properties, says the group will invest more than $2 billion to build a housing estate in the 38th district of Junk Bay, for which the company has tendered by swapping letter B certificates. The site covers 200,000 sq ft and has a plot ratio of 9.5 times. - HK ECONOMIC JOURNAL MR John Hung, executive director of Wharf (Holdings), says the group will co-operate with Hutchison Whampoa and the Shenzhen authorities to build a container port in Yantian.

He estimates the shareholdings in the project will be divided equally between the three partners, and that the terminal will be considerable in terms of size. On cable television, Mr Hung says Wharf is continuing its plans for pay-television, but he refuses to say whether the group has privately contacted the mainland authorities for support for the project. - SING TAO CHINA'S Securities Commission has written to the