HongKong's ambition: Graduate education goes global
Education is one of the six new pillars of the economy announced last year by Chief Executive Donald Tsang Yam-kuen as the focus for Hong Kong's long-term development. The other five - all knowledge-based - will rely on it to provide the required professional expertise.
Students are the key to Tsang's other goal of turning Hong Kong into an education hub. This will rely both on attracting top students from around the world and retaining the best home-grown talent. Once it was the norm for bright graduates planning research careers to go to the United States or Britain for postgraduate study. But today more than 75 per cent of Hong Kong graduates who go on to higher degrees opt to study at the city's own universities.
While local and mainland students dominate city campuses, there are early signs that graduate business education is becoming truly international (SEHK: 0732): one MBA programme is drawing 48 per cent of its students from abroad, on top of 34 per cent from the mainland.