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FS visits biomedical firm in UK

Financial Secretary Paul Chan yesterday visited a biopharmaceutical company and the Royal College of Art, and attended a lunch hosted by the China-Britain Business Council, as part of his ongoing trip to London.   Mr Chan visited AstraZeneca and met the company’s senior management to learn about its drug research and development activities, as well as its latest expansion plans.   AstraZeneca indicated that following in-depth talks with Hong Kong’s Office for Attracting Strategic Enterprises, it plans to develop a research and development centre in Hong Kong and will engage in further discussion with relevant government departments on the matter.   The Financial Secretary then attended a roundtable luncheon held by the China-Britain Business Council, and met representatives of British enterprises that do business, or plan to do business, either in the Mainland or Hong Kong.   Mr Chan later visited the Royal College of Art, which collaborated with the Hong Kong Polytechnic Unive
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Education aid applications open

Applications are being invited from self-financing post-secondary institutions for funding support for the 2021-22 academic year to develop and enhance programmes that meet market needs but require high startup costs, the Education Bureau announced today.   Launched in December 2020, the Enhancement & Start-up Grant Scheme for Self-financing Post-secondary Education (ESGS) provides financial support for eligible self-financing post-secondary education institutions to develop programmes that meet market needs.   The scheme also alleviates the institutions' need to fully recover the set-up costs from tuition fees, thereby relieving the financial burden on students. Funding for a proposal will generally be capped at $42 million.   In the 2020-21 round of applications, six out of 22 applications were approved with a total grant of about $137 million, covering a wide range of sectors including health, financial services, art and innovative technology as well as maritime studies.   The Education Bureau will closely liaise with the relevant institutions to make best use of the resources of the scheme and launch the programmes as soon as practicable.   As regards the 2021-22 round of the ESGS, it will close for applications on April 20, 2022. Independent non-profit-making education institutions offering full-time locally accredited local self-financing sub-degree or undergraduate programmes are eligible to apply.   The Committee on Self-financing Post-secondary Education will advise on the merits of the proposals received under the scheme and make recommendations to the Secretary for Education.   Click here for details.
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