Early childhood education in Hong Kong has become big business, attracting more entrepreneurs and increased investment in the industry. [Provided to China Daily] Trade wars and rising interest rates have taken away much of the shine of stocks and properties. If you, like many other Hong Kong investors, are thinking of selling out while the times are still good, you may want to know there's a new game in town that has whetted the interest not only of local entrepreneurs but also millionaire investors on the Chinese mainland. You don't have to be an educator or a social analyst to notice the obsession of many parents in Hong Kong and on the mainland with giving their toddlers a head start. Many children as young as two years of age are drilled by their eager parents to prepare for examinations to qualify for admission to some of the most prestigious nurseries and kindergartens. The strong demand has turned pre-school education into a big business, sucking up hundreds of millions of new investment funds from entrepreneurs, as well as investors who have grown wary of the stock and property markets. As a result, some of the better known play schools and kindergartens have become prized take-over targets. Even the special schools, especially those that teach local pre-school children usage of the English language, are in demand. Investors in pre-school education reportedly include young entrepreneurs who are interested in running the schools. There's no shortage of passive investors who are interested only in the earnings potential of these facilities. A mainland investor has reportedly bought a well-known kindergarten in Hong Kong because he can't get over the fact that he couldn't find a good kindergarten for his children when they were young. In Hong Kong, all kindergartens are privately owned and operated although they have to register with the government and subject to regular inspections by the Education Bureau. Since the introduction of the Quality Assurance Framework in 2012, the government regularly publishes a set of Performance Indicators for public reference. But, it's word of mouth that determines the popularity of a kindergarten. The more famous one can charge a fee of up to several thousand dollars per student. That's good business. custom made rubber braceletscreate your own silicone wristbandballer bands24 hour wristbands
A man walks through exchange square in the central business district of Hong Kong on June 21, 2018. [Photo/VCG] HONG KONG - Chief Executive of China's Hong Kong Special Administrative Region (HKSAR) Carrie Lam said Sunday that she has even greater confidence in Hong Kong one year after she and the current-term HKSAR government were sworn in. In my speech at the inauguration ceremony on July 1 last year, I said that we had no reason to lose confidence if we looked closely and rationally at what we had achieved over the past two decades since our return to the motherland, Lam said. After a year of leading the government to demonstrate a new style of governance, perform new roles and implement a new fiscal philosophy, I have even greater confidence in Hong Kong, she added. Lam made the remarks at a reception to celebrate the 21st anniversary of Hong Kong's return to the motherland and the establishment of the HKSAR. Lam said that during the past year the HKSAR government upheld the principle of one country by maintaining an absolutely clear stance and showing no tolerance for any act that would hit the country's bottom line. Meanwhile, the HKSAR government made good use of the advantages of two systems and actively participated in the Belt and Road Iitiative and the development of the Guangdong-Hong Kong-Macao Greater Bay Area, she added. Over the past year, Hong Kong enjoyed robust economic growth, with a 3.8-percent increase in real GDP in 2017 and an even higher 4.7-percent growth in the first quarter of 2018, while the unemployment rate dropped to a 20-year low of 2.8 percent and people's earnings registered real improvements in general, Lam said, adding that economic growth provides the HKSAR government with necessary resources for the continuous improvement of people's livelihood. The current-term HKSAR government had a good start which was strongly supported by the central government and underpinned by mutual respect and understanding, as well as joint efforts of different sectors, Lam said. She called for sustaining this good situation by fully and faithfully implementing one country, two systems, and maintaining confidence in Hong Kong's rule of law and unique advantages, as well as patiently nurturing Hong Kong's young people into a new generation with a sense of national identity, an affection for Hong Kong and an international perspective. About 2,000 guests, including representatives of the central government and HKSAR government, foreign diplomatic missions and celebrities in Hong Kong, attended a flag raising ceremony earlier in the morning and the reception at the Hong Kong Convention and Exhibition Center.
