Hutchison Property to begin construction on major Shanghai property project

　　HUTCHISON Whampoa Ltd. unit Hutchison Property Group said it will begin construction of a major residential and commercial property project at the intersection of Shanghai's Changle and Changsu roads, the Shanghai Daily reported.

　　The residential part of the project will consist of seven buildings including five-storey low-rises and 43-storey towers.

　　The commercial section will be a Grade-A office building. The project will cover 30,000 square meters of land and will have a floor area exceeding 150,000 square meters, the report said.

　　HKEx to introduce Mini-Hang Seng index options trading Nov.18

　　HONG Kong Exchanges and Clearing Ltd. (388.HK) unit Hong Kong Futures Exchange will introduce Mini-Hang Seng Index options for trading Nov. 18.

　　The contract multiplier for Mini-HSI options will be HK$10 per index point, which is one-fifth the contract multiplier for the Hang Seng Index options, while margins will be set at one-fifth the margins for the HSI options.

　　The new option contract is aimed at complementing its Mini-HSI futures contract and offers an opportunity for more individual investors to participate in the stock index options market, HKEx deputy chief operating officer Lawrence Fok said.

　　China National Group may take 10 percent Yanion Intl stake: report

　　CHINA National Group Corp. of Traditional and Herbal Medicine may take a 10 percent stake in Yanion International Holdings Ltd. (82.HK) via an asset injection, the Ming Pao reported, citing a China National Group official.

　　The newspaper noted that the two parties have previously formed a medicine joint venture in China. (Quamnet)