Eight of the hostages were killed in the bloody siege, which ended with several survivors crawling from the bus while emergency crews removed bodies.
A former policeman armed with an assault rifle had seized the bus in an apparent attempt to get his job back.
Hong Kong's government has criticised the handling of the siege.
In all, 22 Hong Kong tourists were taken hostage along with three Filipinos - a driver, a guide and a photographer.
Chinese officials said all eight of the dead were from Hong Kong.
Survivor's questions
One of the survivors, who identified herself only as Mrs Leung, told reporters that her husband had been killed trying to stop the gunman from shooting other passengers.
"I miss him. I actually really wanted to die with him.
But I think of my children," she said, according to AFP news
agency.
She was critical of the way police handled the situation, saying: "Why was there no-one to help us after so many hours?"
Hong Kong's leader Donald Tsang also criticised the way the siege was dealt with.
"The way it was handled, particularly the outcome, I find is disappointing," he said.
Radio threats
Police Colonel Nelson Yabut told reporters that the gunman, identified as 55-year-old Senior Inspector Rolando Mendoza, was killed after he decided to enter a shoot-out with police marksmen.
"On our first assault, Captain Mendoza was sprawled in the middle of the aisle and shot one of our operatives. On our second assault we killed him," said Col Yabut.
Rolando Mendoza: Hostage taker
-
Joined Manila police force in 1981
- Promoted to head of Mobile Police Unit, and became senior inspector in 2005
- Accused of trying to extort money from a chef in 2008
- Dismissed from the police force in January 2010
TV stations in the Philippines carried live broadcasts
of the drama, and the footage showed hostages crawling out of the vehicle by the
back door as the siege came to an end.
The gunman had spent almost three decades with Manila's police force, but was sacked earlier this year over claims of extortion.
During the hostage crisis, he posted signs with his demands on the bus' windows - the main one being for the police force to reinstate him.
During early negotiations, nine people were freed from the bus, and the driver fled to safety, leaving 15 hostages on board.
One of the gunman's brothers, also a police officer, was drafted in to help the negotiating team.
But as the police operation moved into full swing, the gunman became agitated and told a local radio station he would kill the remaining hostages.
"I shot two Chinese. I will finish them all if [the police] do not stop," he told the Radio Mindanao Network.
"I can see a lot of Swat [special weapons and tactics police] coming in. I know they will kill me. They should all leave because any time I will do the same here."
Dramatic end
The gunman would have been trained in police tactics, and would have known what to expect - so the police moved very cautiously.
About an hour before the siege ended, a group of officers approached the bus and attempted to board it by barging in the back door.
But they retreated amid the noise of gunfire coming from the bus.
Soon afterwards, TV images showed the body of a man slumped out of the front of the bus.
Later reports claimed it was the body of the gunman, shot by police.
The gunman had boarded the bus at Luneta Park in central Manila, and the hostage drama played out across the eight-lane road inside the park.
ADDED NOTE
Further, to add insult to injury and loss, the Philippines delayed sending the bodies of the dead back to China to their families and when they did finally send them back they put the wrong names on the caskets.
The Philippines would not cooperate with China into their investigation, stating that their own (Philippines) investigation was sufficient. When the findings report was given to President Aquino he took no action against those found responsible for the blunder.
The Philippines never apologized to China and took no responsibility in this blunder.
The Philippines refused to meet with China official regarding this incident and refused to attend the hearing inquest in China when asked to do so.
Thus, straining relations with China.
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