The Chinese University of Hong Kong will use its reserves to repay a HK$4 billion government loan for its debt-ridden hospital, according to the council chairman.

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...