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  • October 2, 2014
  • Last updated: 12:24am
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  1. Business - China Business - ACQUISITION

    China HealthCare buys into hospital

    Posted Oct 01st 2014, 10:13am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Healthcare and consumer services provider China HealthCare Holdings plans to acquire the operating rights of a hospital in an unspecified eastern province on the mainland for HK$2.38 billion. The government-owned hospital will create a corporate entity with operating rights within 60 days that will then sell the rights to China HealthCare for 20 years. ...

  2. Business - Companies - ACQUISITIONS

    Fosun’s Portuguese unit top bidder for hospital operator Espirito

    Posted Sep 23rd 2014, 11:17am by Eric Ng

    ... over hospital operator Espirito Santo Saude for €451 million (HK$4.5 billion), trumping a rival offer by 7.3 per cent. Fidelidade has offered to buy all of Espirito’s shares at €4.72 each, compared with a bid of €4.40 by Portuguese hospital operator Jose de Mello Saude. A previous offer of €4.30 was launched by Mexican rival Grupo Angeles Servicios de Salud. The takeover will only ...

  3. Business - China Business - INTERNET

    UnionPay relaunches online service for mainland shoppers

    Posted Sep 11th 2014, 06:02am by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com Payment provider hopes upgraded platform will help it cash in on mainland shoppers' affluence UnionPay relaunches online shopping service UnionPay, the mainland's dominant payment service provider, has hopped on the bandwagon of haitao- cross-border online shopping by mainland consumers- as it relaunched its online trading ...

  4. Business - Companies - GAMING

    Macau's September casino earnings expected to fall up to 13pc

    Posted Oct 01st 2014, 04:18am by Bloomberg

    ... will be released on Friday. Visa restrictions and a crackdown by the authorities on the use of UnionPay debit cards to transfer money from the mainland have also deterred high rollers, who account for more ...

  5. Business - Economy - TRADE

    Korea exports to China up first time in six months

    Posted Oct 01st 2014, 01:08pm by Reuters

    ... Meanwhile, exports to the European Union fell 5.1 per cent from a year earlier, the fastest decline since an 8.9 per cent drop in September 2013. Overseas sales also fell short of the median 8.2 per ...

  6. Business - China Business

    Mainland pilot scheme paves way for foreign-owned hospitals

    Posted Aug 27th 2014, 01:33pm by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com The mainland has launched a pilot scheme allowing the setting up of wholly foreign-owned hospitals in three municipalities and four ... agreement in July to launch the mainland’s first wholly foreign-funded hospital in the Shanghai Free-Trade Zone. Overseas investors will now be allowed to establish foreign-funded hospitals from ...

  7. Business - Economy - ECONOMY

    Draghi's depreciating euro boosts ECB policy

    Posted Oct 01st 2014, 04:18am by Bloomberg

    ... inflation slowed last month to the lowest level in five years, with consumer prices rising 0.3 per cent year on year, the European Union's statistics office said yesterday. Draghi has said ...

  8. Business - Economy - THE VIEW

    Hong Kong: one city, two narratives

    Posted Oct 01st 2014, 04:18am by Richard Wong

    ... has its roots in the democratic movement of the 1980s. Many leaders of this movement were drawn from non-government organisations, in particular the professional and labour unions and social ...

  9. Business - Banking & Finance - CURRENCIES

    Yuan to start direct trading with euro today

    Posted Sep 30th 2014, 04:32am by Bloomberg

    ... The mainland's trade with European Union nations grew 12 per cent year on year to US$404 billion in the first eight months of this year, according to mainland customs data. That compares with just US$354 ...

  10. Business - Money - INSURANCE

    Munich Re targets new insurance niche with Hong Kong regional base

    Posted Sep 29th 2014, 03:58am by JING YANG

    ... in its infancy, the market has shrunk in the last two to three years, pointed out delegates at last week's International Union of Marine Insurance Conference. "As a close observer ...




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