Talking points

The board of the English Schools Foundation delivers its final decision on the government's decision to end its subvention for new pupils. The Education Bureau will begin phasing out its long-frozen HK$283 million annual subsidy for the ESF, leading to fee increases of about 20 per cent for new pupils starting in 2016. Fees for primary school pupils will increase to more than HK$84,000 under the plan.

Trading begins in the first yuan bond exchange-traded fund to be listed in Hong Kong. Managed by BlackRock, the world's No1 asset manager, and primarily invested in yuan-denominated bonds issued offshore, the iShares RMB Bond Index ETF will track the Citi RMB Bond Capped Index. As of last month, eight of the index's top 10 components were bonds issued by either the central government or state-owned enterprises.