Liberal arts college in Hong Kong upgraded to private university amid city’s push to be global financial hub
- Known for supplying talent for local businesses, new Hang Seng University shows government’s determination to keep developing in international stature, industry leader says
A top liberal arts institution in Hong Kong supplying talent for local businesses has won government approval to become a private university as part of the city’s push to become a financial hub.
Officials announced on Tuesday that the Chief Executive in Council had approved an application from Hang Seng Management College to change its name to Hang Seng University of Hong Kong.
With the upgrade, the city will have 11 degree-awarding post-secondary institutions classified as a university. Of these, eight are funded by the government through the University Grants Committee.
The college evolved from the Hang Seng School of Commerce, which was founded in 1980 with funding from the S H Ho Foundation, several Hang Seng Bank founding directors, and Hang Seng Bank. It is a leading provider of post-secondary programmes in business and related areas.
Professional Teachers’ Union president Fung Wai-wah said the government’s decision showed its determination to keep developing the city into an international financial centre.