CUHK hospital to repay HK$4 billion public loan early, drawing on growing reserves

The Chinese University of Hong Kong (CUHK) will dip into its reserves to repay a HK$4 billion (US$510.9 million) government loan owed by its debt-ridden private hospital, the institution’s council chairman has said. The finances of CUHK Medical Centre were on the agenda of Friday’s Legislative Council health panel meeting, but the discussion was rescheduled because the time was used up for other matters. Speaking to media after the meeting, council chairman John Chai Yat-chiu said his...

By Emily Hung