Every student will be presented with an internship opportunity, the Hang Seng University of Hong Kong vowed yesterday after it was granted university status.
On Tuesday, the Chief Executive in Council approved the upgrade of Hang Seng Management College to a private university.
The new university talked about its five-year development plan yesterday.
President Simon Ho Shun-man said the university aims to become the first institution in the SAR to offer internship opportunities to all of its students.
The university will also establish a new school that integrates art, design, technology and management.
Ho said the university will also have new programs, such as courses on Southeast Asian languages and cultures.
Unlike other publicly funded universities, Hang Seng University will focus on undergraduate education. The number of postgraduate students will not be more than 20 percent of the total students.
The university will also implement smaller classes, with no more than 22 students in a class.
The institution is charging a tuition fee of HK$80,000 a year, and Ho said the university has no plans to increase the tuition fee significantly.
It will consider students' affordability, and adjust its fee according to inflation or when it needs to make a special investment.
"It is cheaper than many international kindergartens and international primary schools," he said.
Ho added that with the government's HK$30,000 subsidy on self-financed degree courses, its tuition fees are similar to universities that are publicly funded
"We understand that many students in Hong Kong are from middle and grassroots levels, and we will not make them lose the chance of studying high-quality bachelor degrees," he said.
"Although our tuition fee is higher than publicly funded universities, it is still much lower than the unit costs."
The university has about 5,000 students spread across five schools - business, communication, decision sciences, humanities & social science, and translation. Ho said the university will be looking to increase the number of students to about 6,000 in the future.
College Council chairman Moses Cheng Mo-chi said the university will not only look at students' academic results for admission, but also their character and attitude.
Meanwhile, Tsui Lap-chee, a member of the board of governors of Chu Hai College of Higher Education, said the college is working toward obtaining university status. He said it will be helpful if there is another university in the city to enhance students' knowledge.
However, he said with Hong Kong being a knowledge-based economy, the SAR cannot make all universities private.