Govt To Pump Another HK$2bn A Year Into Education

"); jQuery("#212 h3").html("

Related News Programmes

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "http://newsstatic.rthk.hk/audios/mfile_1383004_1_20180228181323.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'http://news.rthk.hk/rthk/en/component/k2/1383004-20180228.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','http://news.rthk.hk/rthk/en/component/k2/1383004-20180228.htm', 'DCS.dcsqry', '' ); } } }); }); });

2018-02-28 HKT 12:50

Share this story

facebook

  • Govt to pump another HK$2bn a year into education

Financial Secretary Paul Chan on Wednesday said he planned to increase recurrent expenditure on education by another HK$2 billion, on top of the HK$5 billion already pledged by the Carrie Lam administration.

Chan said the extra spending will be aimed at achieving quality education, through enhancing the professional development of teachers, strengthening support for kindergartens, and supporting schools in enhancing the promotion of life-wide learning, or education in real-life settings.

Public schools will also be given HK$2 billion to install lifts to help make their campuses barrier-free.

HK$170 million will be spent on regularising a pilot scheme on promoting exchanges between schools in Hong Kong and the mainland, and more nurses will be provided for schools for children with disabilities.

There is also HK$800 million for the Gifted Education Fund in the coming financial year to enhance the development of gifted students, and another HK$800 million will be injected into the HKSAR Government Scholarship Fund to increase the number of scholarships starting from the 2019-2020 academic year.

To encourage more people to continue their studies, the subsidy ceiling of the Continuing Education Fund is to be doubled to HK$20,000 per applicant. The age limits for applicants will also be raised to 70, and the authorities will make it easier for people to apply.

Chan said around 610,000 people would benefit from the enhancements.

RECENT NEWS

AI, Fintech, And Sustainability Take Center Stage At Asian Financial Forum 2025

Hong Kong is set to host the 18th Asian Financial Forum (AFF) on 13 and 14 January 2025, marking the region’s first m... Read more

Metal Cards: Transforming Asia Pacifics Payments Landscape, And Redefining Customer Acquisition And Retention

While European, American and Chinese markets have largely found their digital banking champions in Revolut, Chime, and ... Read more

HKEX Launches Fund Repository To Enhance Transparency

Hong Kong Exchanges and Clearing Limited (HKEX) announced on 13 December 2024 the launch of a Fund Repository on its In... Read more

WeLab Bank Disburses HK$61 Million In Subsidies For Hong Kong Students

WeLab Bank has facilitated the disbursement of HK$61.56 million in subsidies through the H.S. Chau Foundation’s “De... Read more

Hong Kong Unveils Roadmap For ESG Reporting And Green Finance Leadership

The Hong Kong government launched its sustainability disclosure roadmap on 10 December 2024, marking a signi... Read more

Will Hong Kongs Crypto Regulations Shape The Future Of Web 3.0?

Hong Kong Web 3.0 is emerging as a global powerhouse. With its strategic efforts to regulate stablecoins, pilot the e-H... Read more