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At the peak of the SARS epidemic in Hong Kong, hospital workers were under high risks of contraction of the infection. Herbal preparations had been used historically in China to treat influenza-like diseases. During the SARS outbreak, herbal preparations had been used jointly with standard modern treatment in China. As a means to protect the at-risk hospital workers, an innovative herbal formula was created and consumed by 3160 of them in two weeks. During the two weeks, symptoms and adverse effects were close monitored; 37 of them had their serum checked for immunological responses.

The results showed that none of the herb consumers contracted the infection, compared to 0.4% among the non-consumers. Adverse effects had been infrequent and mild. There were hardly any influenza-like symptoms and the quality of life improved. In the group who volunteered to have their immunological state checked, significant boosting effects were found. It was concluded that there might be a good indication for using suitable herbal preparations as a means of preventing influenza-like infection. The mode of preventive effect could be treatment of the infection at its very early stage instead of producing a period of higher immunological ability, as in the case of vaccination.

The effect of the political transition from a British Colony to a Special Administration Region of China in 1997 on the tradition of Chinese medicine is examined using historical reviews as well as interviews with various sectors of the population in Hong Kong. Results show that the political change has stimulated the formation of a location-specific Hong Kong Chinese medicine strongly characterized by both scientific and commercial elements developed from the culture of Chinese medicine.

In this note, I document the change in correlation between Hong Kong, Singapore and the US financial market indexes using Geweke Measures after the handover of Hong Kong to China. The results show that these relationships have changed significantly. While the feedback relationship between Hong Kong, Singapore and the US markets increase after the handover of Hong Kong, the increases in feedback relationship between Singapore and the US markets is relatively higher compared to the change between Hong Kong and the US markets.

Based on a small, open-economy IS-LM prototype model, this paper examines the sources of macroeconomic instabilities in Hong Kong and Singapore operating under two different currency board arrangements. The empirical findings suggest that in general, both external and internal factors contribute to the macroeconomic volatilities observed in the two economies. There is evidence of a tradeoff between exchange rate and interest rate targeting for the stability of money supply in Singapore. Our findings have important implications for Mainland China's monetary authorities in the transition from a hard-peg exchange rate regime like Hong Kong to a basket-link system like the one in Singapore.

This paper first provides a brief review of the global financial tsunami. It then explains why the quantitative easing in the US and the unique characteristics of the Asian property markets have contributed to the formation of property bubbles in some Asian economies. Thereafter, it discusses the possibility of a bursting of property bubbles in Hong Kong, Singapore or another Asian economy a few years from now, and highlights that the bursting of the property bubble in that economy could trigger severe corrections of property prices in this region through the contagion effect. After pointing out that the implied crisis could be more severe than that during the Asian Financial Crisis, it (i) discusses policies that could mitigate the damages of the potential crisis and (ii) draws important lessons and conclusions that could pre-empt similar disasters in the future.

This paper aims to investigate the role of a consumer satisfaction index (CSI) for financial investments in the Hong Kong market. Using yearly data for Hong Kong consumer satisfaction index (HKCSI) to compile a CSI at company level, the effect of consumer satisfaction on company market value is identified. A hypothesized investment portfolio based only on CSI at company level is created, and its return compares with a widely used index measuring stock market performance in Hong Kong. A formal statistical test on the outperformance of portfolios that load on consumer satisfaction is conducted. Using the Capital Asset Pricing Model (CAPM), the beta risk of the entire time period is evaluated, and shows that the portfolio risk based on company level CSI is not significantly different than the market risk. This paper concludes therefore that consumer satisfaction can be incorporated into financial models and applied for formulating investment portfolios with better performance than the market rate in Hong Kong.

This paper applies stochastic dominance techniques for income distribution analysis and develops tests of richness and poorness to achieve more accurate characterizations of relative welfare in populations than was previously possible. Results from our empirical application, using Hong Kong data, are consistent with predictions of the life-cycle theory of income and savings. Among other things, we find high concentrations of poor individuals among the younger cohorts, and at the same time, there are high concentrations of rich individuals amongst the oldest cohorts. Our results help to explain Hong Kong’s persistently high levels of income inequality in the population.

In mid-1999, the Walt Disney Company and the Hong Kong Government were involved in intense discussions about the possibility of building the Hong Kong Disneyland theme park on Lantau Island. This case presented detailed information about the proposed theme park and the associated decision making process with a particular emphasis on sustainable development. It also lays out the characteristics of the Hong Kong Government and Hong Kong people that might have played a role in decision making.

The case includes A and B parts concerning corporate and government decision making. It firstly summarizes the negotiation process between Disney and the Hong Kong Government, and considered the environmental impact on Hong Kong. The difficulties faced by governments in making decisions about this highly visible large-scale project are described. It then explains the rationale of the government decision, which illustrates how governmental structure and culture affect the decision making process. In the end, it showed improvements in Hong Kong Disneyland with respect to sustainable management and development.

Alcon’s New Eye Drops Offers More Long-lasting Relief for Dry Eyes.

Carl Zeiss Opens New Shanghai Showroom.

Allergan’s Lumigan Receives Positive Opinion for Approval in Europe.

Australian Optical Retailer OPSM Sells Ten Stores to Sunglass Hut.

Bausch & Lomb Clearwater Plant Named Center of Excellence for Lathing Technology.

Santen — The Leading Prescription Ophthalmic Pharmaceutical Firm in Japan.

Always Top — An ISO9002 Quality Assured Eyewear Firm in Hong Kong.

Nanyang Optical — One of the Largest Optical Retail Chains in Singapore.

SARS Strikes.

Eradicating Pig Pneumonia.

Hong Kong Unveils New Center for Health Protection.

Supreme Court Holds State Responsible for Minamata Outbreak.

Asian Cord Blood Banks Form Consortium.

This article touches on traditional Chinese medicine in the treatment of diabetes.

The article discusses on what the Hong Kong government are doing to boost biomedical investments. It touches briefly on the biotechnology market and Hong Kong government policy for Innovation and Technology. It also includes some examples of biotech companies.

Infinitus Establishes Three Additional Scientific Research Platforms to Facilitate Its Product Innovation.

BGI Partners with NRGene to Provide Broadest Genomic Analysis Available.

CHINA AID - A Platform for Chinese Senior Care Industry.

Modern Biotechnological Tools Contribute to Biodiversity Conservation.

Older Adults Use Brain Regions Involved in Speaking to Compensate for Bad Hearing.

Chinese Scientists Discover Molecules to Repair Organs.

CAS Sits Atop of Nature Index 2016 Rising Star List.

Chinese Researchers to Develop 3D Skin Printing Technology.

Varian Chosen to Equip First Government Owned Proton Centre in China.

HONG KONG NEWS – Amgen Launches Commercial Office in Hong Kong.

Chinese Researchers Demonstrate that Icotinib Creates Better Progression-Free Survival with Fewer Side Effects than Whole Brain Radiation in Non-Small Cell Lung Cancer Patients with Brain Metastases.

Depressed Patients Are Less Responsive to Chemotherapy.

Sanofi and JHL Biotech Announced Strategic Biologics Alliance in China.

Chinese Scientists Developed Cancer Breath Test.

BGI Opens Seattle Office for North America Expansion.

Mederi’s Stretta Therapy for GERD Approved in China.

HONG KONG NEWS – Experts Call for Urgent Multi-Stakeholders Collaboration in the Development of an Integrated Cancer Strategy to Safeguard the Sustainability of Hong Kong's Health Care System.

HONG KONG NEWS – Uni-Bio Science in Multiple Drug Co-Development Deal with Beijing Sun-Novo.

HONG KONG NEWS – Immunotherapy with Pembrolizumab Deemed Cost-Effective for Advanced Melanoma Patients in Hong Kong.