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Foreign currency reserves up

Hong Kong's foreign currency reserve assets rose to US$423.2 billion in November from October's US$417.2 billion, the Monetary Authority announced today.   The reserve assets represent over five times the currency in circulation or about 42% of Hong Kong dollar M3.   There were no unsettled foreign exchange contracts at the end of November. http://dlvr.it/Sf21yd

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.
http://dlvr.it/SGBThR

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124 COVID-19 cases reported

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