Tue, February 11, 2025
Mon, February 10, 2025
Sun, February 9, 2025
Sat, February 8, 2025
Fri, February 7, 2025
[ Fri, Feb 07th ]: STAT
Signs of life at the CDC
Thu, February 6, 2025
[ Thu, Feb 06th ]: Vanguard
Solar power to the rescue
Wed, February 5, 2025
Tue, February 4, 2025
[ Tue, Feb 04th ]: Yahoo
Space Coast launch schedule
Mon, February 3, 2025
Sun, February 2, 2025
Sat, February 1, 2025
Fri, January 31, 2025
Thu, January 30, 2025
[ Thu, Jan 30th ]: Politico
RFK Jr.'s health tech fix
Wed, January 29, 2025

Hong Kong's 8 public universities amass nearly HK$140 billion in reserves


  Copy link into your clipboard //science-technology.news-articles.net/content/2 .. ies-amass-nearly-hk-140-billion-in-reserves.html
  Print publication without navigation Published in Science and Technology on by MSN
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source


  The financial reserves of Hong Kong's eight public universities rose to nearly HK$140 billion (US$18 billion) in the last academic year, an 11 per cent increase from 2022-23, according to funding authorities.

The eight public universities in Hong Kong have accumulated nearly HK$140 billion in reserves, as reported by the Audit Commission. This substantial reserve has sparked discussions on whether these funds could be better utilized for public benefit, especially given the government's financial constraints. The reserves are primarily invested in low-risk assets like bank deposits and bonds, with some universities also investing in stocks and real estate. Notably, the University of Hong Kong holds the largest reserve at HK$47.3 billion, while the Hong Kong Metropolitan University has the smallest at HK$1.5 billion. The audit highlighted that these reserves could potentially be used to enhance educational quality, support research, and improve facilities, rather than merely being held as financial cushions. However, universities argue that these reserves are necessary for operational stability and future development amidst uncertainties like funding cuts and enrollment fluctuations.

Read the Full MSN Article at:
[ https://www.msn.com/en-sg/money/economy/hong-kong-s-8-public-universities-amass-nearly-hk-140-billion-in-reserves/ar-AA1yqDai ]

Publication Contributing Sources