CUHK E-Newsletter

The Chinese University of Hong Kong is to receive 6.36 billion dollars from the UGC for the 2005-08 triennium, the largest allocation among the eight local tertiary institutions.

The Government has proposed to the Legislative Council that The Chinese University of Hong Kong should receive 6.36 billion dollars from the UGC for the 2005-08 triennium, the largest allocation among the eight local tertiary institutions. UGC has also rated highly the University's performance against its role in teaching and research. In the assessment of the Performance and Role-Related Funding Scheme (PRFS), the University "earned back" the 10% of recurrent funding in the PRFS exercise, plus a significant extra one-off allocation to further encourage the University's high performance in key areas of activity in relation to its role. The University regards this as a recognition of its achievements in teaching and research, and its strategic vision as a leading university in the region.

The Chinese University of Hong Kong is a comprehensive research university with a strong bi-lingual and bi-cultural tradition. It has made significant achievements in teaching and research, and in promoting internationalization and community service. Capitalizing on its advantages, the University will continue to provide quality education, pursue research in frontier areas, and strengthen ties with the mainland and with partners internationally, thus training top-notch talents for the development of the region.

Nevertheless, the level of funding for all universities has been substantially reduced compared to the last triennium. Therefore the Chinese University expresses serious concerns about the Government's further funding reduction for the higher-education sector based on the 0-0-5 formula, i.e., a possible 5% reduction in 2007/08. It is understood that the Government will review the situation in 2006. In view of the improving economic situation, the Chinese University urges the Government to maintain if not increase the level of funding, for the quality and long-term development of Hong Kong's higher-education sector.