Hong Kong's City University has reported a surplus of HK$586 million for the 2024/25 financial year, up from HK$174 million the previous year.
In its annual report published on Thursday, the university attributed the positive growth to increased enrolment in master's degree programmes, growth in designated research funding, and higher investment returns.
University treasurer Charles Chin Ying-on said that amid changing public funding patterns, CityU is keenly aware of the need to reduce reliance on traditional funding sources and fully promote income diversification. He stated the university remains committed to supporting national education goals and consolidating Hong Kong's role as an international education hub.
Chin added that through prudent financial management, strategic resource allocation and continuous innovation, CityU will strengthen its resilience and seize emerging opportunities.
