Research Reports

Hong Kong faces an urgent need for economic diversification, transitioning from its traditional finance and tourism sectors to a knowledge-based economy. Despite possessing world-class universities – a significant yet underutilized asset – the city is currently failing to fully capitalize on the immense global education market, projected to reach $10 trillion by 2030, primarily due to the absence of a comprehensive city-level strategy. Leveraging international experience, particularly through diverse Transnational Education (TNE) models, Hong Kong can harness its unique advantages, such as "One Country, Two Systems," strong ties with mainland China, and its status as an international metropolis. This strategic shift promises not only to stimulate economic growth and create high-value jobs but also to significantly enhance its international reputation and soft power. Therefore, developing and implementing a robust education export strategy is paramount for Hong Kong's future prosperity.