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South China Morning Post
22-05-2025
- Business
- South China Morning Post
Education University of Hong Kong to nearly double master's admissions to 5,000
Hong Kong's largest teacher training institute is set to increase admissions to its self-financed taught master's programmes in the new school year to almost twice the previous number, as part of a broader initiative to ensure financial sustainability amid a declining birth rate. Professor John Lee Chi-kin, president of the Education University of Hong Kong (EdU), revealed at a media briefing on Thursday that the intake would increase to 5,000 for the coming academic year – up from 2,700 last year and 2,100 in 2023-24 – and generate a total gross income of HK$800 million (US$102 million). In the university's strategic plan for 2025 to 2031 , released earlier this month, financial sustainability was identified as one of the risks faced by the institution due to the city's declining birth rate and demand for teachers, with a 'concerted effort' being launched to formulate mitigation plans and risk management. 'We seek to increase our financial reserve to prepare for the rainy days, now we are seeing some drizzles,' Lee said on Thursday. 'There are both risks and opportunities as it prompts us to exercise more financial prudence and explore new sources of income which align with local and national development.' The expansion was also part of an effort to make Hong Kong an international hub for post-secondary education.
South China Morning Post
20-05-2025
- Business
- South China Morning Post
Education University of Hong Kong unveils plan to combat financial pressures
The largest teacher-training institution in Hong Kong has launched a 'concerted effort' to develop strategies to ensure its financial sustainability, pointing to pressures caused by the city's low birth rate as a chief concern. Advertisement In a recent announcement of its strategic plan extending to 2031, the Education University of Hong Kong (EdU) said it would consider ending ineffective programmes, schemes or initiatives to deploy resources to other strategic areas. EdU stressed its planning needed to take into account a number of challenges facing the city, such as the declining birth rate, the need to provide the workforce with future-ready skills and the affordability of housing. It said the university had already started to address financial concerns caused by the low birth rate. 'Considering the growing financial pressure on funding allocated to manpower-planned programmes amid a continual trend of low birth rates in Hong Kong, [the] university management has identified financial sustainability as one of the six principal risks for the institution,' it said in the plan. Advertisement '[EdU] launched a concerted effort across the university to formulate mitigation plans and risk treatment. Financial projections and stress tests are being performed on an ongoing basis to assess financial resilience in coping with potential future funding challenges.'
