The Hong Kong government has pledged to provide HK$20 billion (£1.9 billion) of new competitive funding for university research – double the amount it had promised to provide last year.
Carrie Lam Cheng Yuet-ngor, chief executive of Hong Kong, announced the new investment in the Research Endowment Fund in a policy address earlier this month. She said that she had decided to accept in full the recommendations made by Tsui Lap-chee, chairman of a task force that completed a review on research funding and policies last month, according to the South China Morning Post.
The government promised in last year’s policy address to provide no less than HK$10 billion in funding for university research after completion of the task force’s review, the paper added.
The new injection swells the fund to HK$46 billion. The Research Endowment Fund is the main form of funding for academic research in the eight institutions that are funded by Hong Kong’s University Grants Committee.
Register to continue
Why register?
- Registration is free and only takes a moment
- Once registered, you can read 3 articles a month
- Sign up for our newsletter
Subscribe
Or subscribe for unlimited access to:
- Unlimited access to news, views, insights & reviews
- Digital editions
- Digital access to THE’s university and college rankings analysis
Already registered or a current subscriber? Login