Education chief says clawback was for ‘riding out difficult times’, while renewed three-year agreement will ensure institutions are accountable
Hong Kong’s public universities will not be asked to return funds from their reserves again, the city’s education minister has said, months after authorities announced an unprecedented clawback of HK$4 billion (US$513 million) from eight institutions.
Secretary for Education Christine Choi Yuk-lin also said that an “accountability agreement” signed by the University Grants Committee (UGC) and the individual institutions in June sought to ensure they would implement what they had promised.
She revealed that nearly all of the universities had returned the funds requested by the government, a move which was announced in the latest annual budget earlier this year.
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