WSJ page C2: China Merchant Bank aims to buy Hong Kong's Wing Lung (US$4.7 billion)
CMB plans to further diversify its operations through the integration with WLB which has licences for securities, futures, insurance,trust, and asset management businesses in Hong Kong.
WashPost Page D1,D3: Shaking up China's Medical System: Bethesda, Maryland firm breaks into new market with Western style hospitals catering to wealthy and affluent expatriates: Clinics in Beijing,Shanghai and Guangzhou. "Chinder" CEO Roberta Lipson said it was her moral imperative to help improve health care in China. My comment: Could it be a profit-oriented motive to make more profit under the market system in China?
Moral imperative or mental illusion to charge higher fees for patients in China? It should be known that not all expatriates are affluent during the time of global economic slowdown.
Francis Shieh a.k.a. Xie Shihao,a learner of the market system in USA and in China with positive and negative externalities for market imperfactions. June 23, 2008
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