5 d. ago Hong Kong’s first TCM hospital: services, prices and what else to expect

Hong Kong’s first hospital dedicated to traditional Chinese medicine (TCM) will open on December 11, offering a range of services complemented by Western medicine. The Chinese Medicine Hospital of Hong Kong, located on Pak Shing Kok Road in Tseung Kwan O, is expected to serve 400,000 outpatients annually, while also operating as a research and teaching hub for three local TCM schools. The Post provides a guide for the new hospital’s services, including details of the treatments and fee...

Politics

1 week ago Is HSBC’s US$13.6 billion buyout offer good enough for Hang Seng Bank investors?

HSBC Holdings’ US$13.6 billion bid to take full control of Hang Seng Bank could be enticing enough for investors to cash out while also allowing the London-based bank to create long-term value for its shareholders, according to analysts. On Thursday, HSBC offered to acquire the remaining 36.5 per cent stake in Hang Seng Bank it does not own at HK$155 per share, a 30 per cent premium over the previous closing price. The bank owns 63.5 per cent of Hong Kong’s largest domestic bank. The proposal...

Economics

1 week ago HSBC to take Hang Seng Bank private amid worsening property loans

HSBC Holdings said it would privatise its Hang Seng Bank subsidiary, drawing the curtains on half a century of the unit’s publicly traded status amid worsening real estate loans in Hong Kong. HSBC offered to buy all outstanding Hang Seng Bank shares for HK$155 (US$19.92) each in cash, or a premium of 30 per cent over the bank’s Wednesday closing price of HK$119, according to a statement to the Hong Kong stock exchange on Thursday morning. The Hang Seng shares would be cancelled after the...

Economics

1 week ago HSBC to take Hang Seng Bank private in surprise bid for efficiency

HSBC Holdings announced a plan to privatise its Hang Seng Bank subsidiary, drawing the curtains on half a century of the unit’s publicly traded status in an unexpected move to simplify its structure amid worsening real estate loans in Hong Kong. The London-based bank would buy all outstanding Hang Seng Bank shares for HK$155 each in cash, or a premium of 30 per cent over the stock’s Wednesday closing price of HK$119, according to a statement to the Hong Kong exchange on Thursday. The Hang Seng...

Economics

2 w. ago Hong Kong, mainland China adapt to gold prices amid wedding jewellery demand

Since the beginning of the year, Kelvin Siu and his fiancée had waited for gold prices to decline before buying jewellery for their wedding. Last week, they finally pulled the trigger to purchase, as gold prices continued to climb to fresh highs. “We had no choice but to buy the gold dragon and phoenix bracelets and other jewellery last week because our wedding day is getting close,” said Siu, who has booked his wedding in December. Gold prices, which have surged more than 48 per cent this year...

Politics

3 w. ago China's Zijin Gold shines in Hong Kong debut as gold prices reach record high

China's Zijin Gold shines in Hong Kong debut as gold prices reach record high  Reuters

Politics

3 w. ago Hong Kong home prices rise slightly while rents near historic peak

Hong Kong’s lived-in home prices rose by 0.14 per cent in August, according to the latest official data, suggesting a gradual recovery in the city’s struggling residential property market. An official index measuring price movement among the city’s second-hand homes made a modest gain for the fifth straight month, narrowing this year’s price decline to 0.24 per cent, according to data from the Rating and Valuation Department (RVD) released on Friday. Since April, Hong Kong’s home prices have...

Society

last month China's Chery Automobile to price shares at top of range in Hong Kong IPO, sources say

China's Chery Automobile to price shares at top of range in Hong Kong IPO, sources say  Reuters

Economics