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'Silver economy' panel set up

The Commerce & Economic Development Bureau today established the Advisory Panel on Silver Economy and convened its first meeting with the aim of initiating research on the development of Hong Kong’s growing elderly population as a consumer segment.    Chairing the panel, Secretary for Commerce & Economic Development Algernon Yau said the elderly demographic was emerging as an important part of the city’s economy.    He highlighted that many products and services designed to enhance the quality of life enjoyed by elderly residents are spurring growth and business opportunities.    Mr Yau added that promoting such products and services can help to foster the development of the so-called silver economy and unleash business potential in the elderly market, whilst also catering to the aspirations and needs of elderly people. He said this would be the advisory panel’s focus.     At today’s meeting, the panel endorsed its terms of reference, reviewed statistics relating to

Undergraduate subsidy to rise

The annual subsidy amount of the Non-means-tested Subsidy Scheme for Self-financing Undergraduate Studies in Hong Kong will increase from $33,740 to $34,390, the Education Bureau announced today.


It said the subsidy amount was adjusted in accordance with the movement of the Composite Consumer Price Index.


In the 2024-25 academic year, the scheme will cover eligible full-time locally accredited local and non-local self-financing undergraduate and top-up degree programmes offered by 15 institutions.


Applications for the subsidy need to be made through the institutions concerned.


The adjusted subsidy level will apply to both new and continuing eligible students and is tenable for the normal duration of the programmes concerned.


Eligible students enrolling in the relevant programmes will pay a tuition fee with the subsidy applied.


Students in need may still apply for financial assistance from the Student Finance Office in respect of the actual tuition fee amount payable.


Click here for details.

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