A SOURCE in the banking industry says a $200 million Sino Land loan has been completed. Four banks are involved in the loan, arranged through Sumitomo Bank. The interest rate on the loan is 1.75 percentage points above the three-month Hongkong Interbank Offered Rate. - WAH KIU YAT PO MR Yeung Yat-kun, the chairman of Leefung-Asco, says substantial investments were made by the group last year and the same will be true this year. Last year, the company bought a printing plant in Beijing and joined with R.R. Donnelly to form a financial printing company in Hongkong. The total investment in these projects was $31 million. The company has invested a further $35 million to set up a printing plant in Shenzhen. This year it will be considering the formation of joint-venture printing companies with Chinese printers. Mr Yeung says the company moved part of its printing facilities to Shenzhen at the end of last year, and all facilities in Hongkong will have been moved by the end of this year. The space made available in Hongkong will either be soldor leased out. - HK ECONOMIC TIMES M MR Lau Shek-hon says that following Starlight's recent co-operation with China's Ministry for Post and Telecommunications, the company is in discussions with other mainland groups regarding possible co-operation. The plan is to sell electrical products, including the company's own audio-visual and telecommunications products, and washing machines and ovens made by other companies, in northern China. Mr Lau believes the plan could be finalised in the next two to three weeks. He says talks on possible property development projects are being held with two groups - one in Beijing and the other in Guangzhou. As both will require substantial capital, no new project will be started until 50 per cent of the group's Panyu development has been sold. - SING PAO MR Chen Wai-wah, a director of Hoi Hung Holdings, says the company is to set up representative offices in Shanghai, Beijing and Chengdu with the aim of boosting paint sales. China's demand for paints is increasing, but the company's products are currently sold only by agents. SING PAO MR Owen Price, managing director of Dairy Farm International Asia, says the company has already found a joint-venture partner in China, and that he hopes the group's Wellcome supermarket chain can open in Shenzhen, Guangzhou and Shanghai. He says Dairy Farm remains cautious about opportunities in China, and he feels that Taiwan will be the best growth market for Dairy Farm over the next few years. - ORIENTAL DAILY NEWS MR Woo Hoi-lam, a director of Kader Industrial, says the company has recently been awarded a retail and wholesale licence in China and plans to set up toy shops there. Mr Woo says 70 pe MR Walter Ma, president of Sincere, says the department store business in Hongkong is saturated and growth will be difficult in the next few years. However, the China market is starting to develop, and he believes that in future Sincere's retail sales in China will exceed those for Hongkong. Mr Ma says Sincere is looking for suitable property development projects in Shanghai and Guangzhou. - HK ECONOMIC JOURNAL Chinese Press Digest is compiled by Corporate Information Services. For pre-publication service, fax 865 5835.