Hong Kong Delegation Explores Korean Universities for Northern Metropolis University Town Development Insights

2026-04-22 18:12 Last Updated At：18:53

CS leads delegation of Working Group on Planning and Construction of the University Town to continue visit to Korea (with photos/video)

The Chief Secretary for Administration, Mr Chan Kwok-ki, today (April 22) led the delegation of the Working Group on Planning and Construction of the University Town under the Committee on Development of the Northern Metropolis to continue its visit to Korea. The delegation conducted on-site visits to local universities and held meetings with officials, with a view to providing a solid reference for the planning and development of the Northern Metropolis University Town (NMUT).

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CS leads delegation of Working Group on Planning and Construction of the University Town to continue visit to Korea (with photos/video) Source: HKSAR Government Press Releases

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CS leads delegation of Working Group on Planning and Construction of the University Town to continue visit to Korea (with photos/video) Source: HKSAR Government Press Releases

In the morning, the delegation visited the Korea Advanced Institute of Science and Technology in Daejeon and toured its campus facilities. They met with Hong Kong students studying there to learn about their studies and the institute's efforts in fostering students' innovation capabilities. The delegation specifically discussed with them student support and ancillary measures on campus, the institute's strategies for attracting international students, and its liaison and co-operation with industry, accumulating practical observations for the NMUT's campus ecosystem and industry-academia collaboration.

Afterwards, the delegation met with the Vice Mayor for Political Affairs, Economy and Science of Daejeon Metropolitan City, Mr Choi Sung-ah, to learn about the local development of the institutions and innovation districts, governance and funding models, industry-academia-research integration, and talent attraction. They also exchanged views on deepening co-operation in the education sector between the two places.

Mr Chan said that the Hong Kong Special Administrative Region Government is fully committed to developing the NMUT, with the aim of establishing it as an international education, innovation, and technology hub. He expressed hope that through this visit, the delegation could learn from Daejeon's successful experience in attracting top scientific and research talent, its efficient governance and funding models, and could understand how the city transforms scientific discoveries into industrial applications.

In the afternoon, Mr Chan led the delegation to the Institute for Basic Science (IBS) located in the Daedeok Innopolis. Established in 2011, the IBS is Korea's first institute solely focused on basic science. It possesses advanced shared facilities and large-scale scientific research infrastructure. The delegation visited the Science Culture Center there and met with the Acting President, Dr Kim Yeong-duk. They gained an in-depth understanding of the institute's experience in areas such as basic research and applied innovation, as well as talent attraction.

Mr Chan said that the IBS is devoted to integrating basic research with applied innovation, and focuses on establishing a vibrant scientific research ecosystem. This experience provides valuable reference for Hong Kong in planning the NMUT. He expressed the hope of learning more about the institute's continuous support for fundamental research and how it facilitates the seamless integration with applied innovation and industry, helping Hong Kong better plan the NMUT, and thereby promoting the transformation of excellent research outputs into impactful scientific discoveries, achieving technological breakthroughs and unlocking potential economic value.

Mr Chan, the Secretary for Education, Dr Choi Yuk-lin, and other members of the delegation arrived in Seoul in the evening and will continue their visit tomorrow (April 23).

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HKMA Announces Successful Tender for 3-Year HKD Government Bonds, Receiving HK$4.592 Billion in Applications.

Results of 3-year HKD HKSAR Institutional Government Bonds tender through re-opening

The following is issued on behalf of the Hong Kong Monetary Authority:

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 3-year HKD institutional Government Bonds through the re-opening of existing Government Bond (issue number 05GB2912001) under the Infrastructure Bond Programme was held today (April 22).

A total of HK$0.75 billion 3-year Government Bonds were offered today. A total of HK$4.592 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 6.12. The average price accepted is 103.15, implying an annualised yield of 2.331 per cent.

HKSAR Institutional Government Bonds Tender Results

Tender results of 3-year HKD HKSAR Institutional Government Bonds:

Tender Date

April 22, 2026

Issue Number

05GB2912001 (Re-open)

Stock Code

4284 (HKGB 3.23 2912)

Issue and Settlement Date

April 23, 2026

Tenor

3 years

Maturity Date

December 5, 2029

Coupon Rate

3.23per cent

Amount Applied

HK$4.592 billion

Amount Allotted

HK$0.75 billion

Bid-to-Cover Ratio*

6.12

Average Price Accepted (Yield)

103.15 (2.331per cent)

Lowest Price Accepted (Yield)

102.94 (2.391per cent)

Pro-rata Ratio

About 1per cent

Average Tender Price (Yield)

102.40 (2.549per cent)

* Calculated as the amount of bonds applied for over the amount of bonds issued.

Hong Kong Delegation Explores Korean Universities for Northern Metropolis University Town Development Insights

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