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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

Science university criteria set

The Education Bureau today promulgated the criteria for qualifying as Universities of Applied Sciences (UAS) and invites eligible self-financing post-secondary institutions to submit applications all year round.


The criteria cover aspects such as governance, management, quality assurance, learning environment and learner support as well as industry collaboration and recognition, with reference to experiences in other places including Australia, Canada, Finland, Germany, Mainland China, Switzerland and the UK.


The self-financing post-secondary institutions should have obtained a university title and possess the vision, commitment, capabilities and experience in operating an institution that embodies the key features of UAS.


Applications from eligible institutions should include a self-evaluation against the criteria for qualifying as a UAS for the purpose of undergoing an institutional review by the Council for Accreditation of Academic & Vocational Qualifications.


The relevant criteria and application procedures are set out in the Manual for Institutional Review for UAS.


The bureau will provide financial and related support to bolster the development of UAS and encourage institutions to offer more applied degree programmes.

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