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Annex C, on the other hand, sets out the recovery rates of the recurrent cost of public undergraduate education in public universities in Hong Kong and several other advanced economies in the Asia Pacific Region. The figures were gathered from the consulates or commission of these countries in Hong Kong. Direct comparisons based on these figures may not be entirely appropriate due to possible differences in the calculation of unit costs, cost recovery rates and student financing in different countries.

Footnote: The funding requirement for the research element for the same type of course at the same level is not assessed on a uniform basis. It varies in accordance with the number of staff and their research activeness. Other extra-formulaic considerations also produce differences to the assumed costs of the same type of courses, e.g. new institutions and newly developed subject disciplines will attract front-end loading to different

extent.

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