Loans to expand self-paid degrees
Two tertiary institutions are to get interest-free government loans totalling HK$625 million to expand their self-financed degree programmes.
The money will come from a HK$7 billion fund set up by the government in 2001 to pay for the construction of institutions that provide such programmes.
The Hang Seng School of Commerce will be loaned HK$308 million for a teaching building due to be ready by 2013-14.
Meanwhile, the Open University will get HK$317 million to pay half the construction cost of a teaching and administration building.
The Hang Seng school, set up by the Hang Seng Management College, in September, the beginning of its current academic year, launched three business degree courses. It plans to offer one more degree programme in media and communications. With a capacity of 1,500 students, the new building will have a mock bank and stock exchange, and laboratories for supply-chain management training. It will be built on land next to its Sha Tin campus, which was one of six sites set aside by the government for private universities. The Open University plans an 11-floor building in Ho Man Tin able to accommodate up to 2,400 students.
The university plans to offer six degree programmes and one diploma programme in subjects including media, animation, visual arts, nursing, and testing and accreditation.
'The seven courses offered by the Open University in the new campus dovetail with three of the six fields which the chief executive has identified to develop into pillar industries. The three fields are testing and accreditation, medical services and creative arts,' the Education Bureau said in a paper prepared for legislators.