Chapter 7
Education
Education is the key to enabling our young people to develop their potential, acquire knowledge and nurture personal qualities so that they are well-equipped to meet the challenges of the globalised and knowledge-based world of the 21st Century. It optimises the demographic structure of the community and remains the Government's top spending priority.
Key Achievements in 2010
Developing Education Services
Education services is one of six advantaged industries with good potential for further development. The Government aims to enhance Hong Kong's position as a regional education hub, nurturing talent to support the growth of the economy and increasing Hong Kong's competitiveness. To achieve this, efforts will continue to internationalise and diversify the higher education sector.
Hong Kong is well positioned to provide quality higher education in the region because of its cosmopolitan outlook, strong links with the mainland of China, world- class universities and diversified system of education. Measures have been implemented to attract quality non-local students to study and, after graduation, to work and to live in the city. The Government believes that by attracting these students, Hong Kong will enlarge its talent pool and improve the quality of its population, and in turn support various sectors of the economy and increase the competitiveness of the economy. The Government has been working together with higher education institutions to step up exchange and promotion efforts overseas to encourage more students to choose Hong Kong as a preferred destination for education.
A more diversified higher education sector will provide more education opportunities and wider choice. In order to promote the development of the self- financing sector, support measures have been implemented to provide land at a nominal premium for the construction of purpose-built premises, loans to develop new premises, and other one-off, financial assistance measures. A site in Queen's Hill has been reserved for the development of self-financing tertiary institutions with
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