HONG KONG, Feb 2 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Monday. Reuters has not verified these stories and does not vouch for their accuracy.
SOUTH CHINA MORNING POST
-- Alibaba Group announced it would set up a HK$1 billion ($129 million) fund to support young Hong Kong entrepreneurs to start and grow their businesses on its platforms and eventually bringing their products to the mainland market. (http://bit.ly/1z3zh85)
-- Highly geared Shui On Land plans to accelerate the sale of up to 57 billion yuan ($9.12 billion) of assets to boost cash flow amid more challenging fundraising options for the industry. Chairman Vincent Lo Hong-sui said the firm aimed to sell its assets with low returns to cut debt and generate cash to fund expansion. (http://bit.ly/1wTv5Cu)
THE STANDARD
-- Hong Kong's Democratic Party lawmaker Albert Ho Chun-yan plans to step down from his super legislator seat to trigger a de facto referendum on political reform as early as next month. Ho said he plans to resign in March or April and he expects the by-election to be held in August. (http://bit.ly/1KiTHvO)
HONG KONG ECONOMIC JOURNAL
-- Health and nutritional supplements maker Real Nutriceutical Group Ltd said it planned to seek a separate listing of certain beverage business on the Stock exchange and it has engaged a sponsor and other professional parties to consider the possibility of the proposed spin-off.
-- BBI Life Sciences Corp warned that its net profit for 2014 was expected to fall 12 to 16 percent year-on-year after taking into account non-recurring gain and expense.
For Chinese newspapers, see...............
($1 = 7.7526 Hong Kong dollars) ($1 = 6.2495 Chinese yuan renminbi) (Reporting by Donny Kwok; Editing by Subhranshu Sahu)