Search Page

Freshmen to universities with financial autonomy have called on the universities to publicise tuition fees so that they and their families can manage the sum actively. A local newspaper on Friday reported that some universities “forget” to publicise tuition fees, which made students and their families confused and worried about transparency at the universities. In the middle of last month, second-year students at the National Economics University were shocked when the university announced a 30 per cent increase in tuition fees in the coming academic year.

University officials at Hong Kong Polytechnic University – a publicly funded institution – have been scrambling to explain its use of companies registered in secretive offshore tax havens, after revelations in the Panama Papers that it set up two companies offshore to channel funds. The university, known locally as PolyU, had not declared in any of its financial reports that it set up two companies in the British Virgin Islands in 2012 and 2013 as wholly owned subsidiaries of the university, raising questions about its financial transparency and reporting.