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Hong Kong's universities have to be open on reserves


Published on 2025-02-12 18:42:21 - MSN
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  • Hong Kong public institutions are expected to be transparent about healthy piles of cash, particularly when the government is aiming to make savings A healthy fiscal reserve has proved to be essential as government revenues continue to be outstripped by expenditure in recent years.

The article from MSN discusses the financial challenges faced by universities in Hong Kong due to a significant drop in international student enrollment, which has been exacerbated by political tensions and changes in educational policies. Hong Kong's universities, once highly attractive to students from mainland China and abroad, are now experiencing a decline in applications, leading to a reliance on their financial reserves. This situation has been worsened by the National Security Law and other political changes, which have deterred international students. The universities are now compelled to dip into their reserves to cover operational costs, with some institutions facing potential deficits. The article highlights the broader implications for Hong Kong's status as an educational hub and the potential long-term effects on its economy and international reputation.

Read the Full MSN Article at:
[ https://www.msn.com/en-xl/money/economy/hong-kong-s-universities-have-to-be-open-on-reserves/ar-AA1yVSKX ]