International school sales of bonds require approved by the Education Bureau

Some international school raise fund by requiring parents to buy bond, or pay for construction cost, but this action makes people question where it tries to make international school looks more aristocratic. The Education Bureau confirmed that the authorities will establish regulatory procedures starting next school year. It will require all private and international schools to apply approval permission for changing any fees, except tuitions.

The legislative Council Panel of Education discussed the provision of offering a total of $1.44 billion interest-free loans to four international schools in Hong Kong. Some parliamentarians worried about the expensive fees’ charges on parents and the ideas of appeal international as aristocratic.  Since some authorities consider these extra fees as an arrangement of private financial, between the parents and the international schools.  The interest-free loans are amortized over for 10 years.

As for regulation, the Education Bureau says it is important to establish reasonable mechanisms that can meet the need of different international schools and to monitor them. This can show the transparency between the government and the schools. As if the school cannot pay off the loans, the government can accept assets, like school buildings or mechanisms base on the agreements.

Besides, a parliamentary as to have a special meeting to discuss the issue of textbooks, it says even though the group for research textbooks of kindergarten, primary and secondary schools are set up, but the chairman has not been elected. There might not have substantive work started yet.