Purpose The present study adopts the analytical framework of new managerialism (NM) to explore the progress, challenges and outlook of self-financing post-secondary institutions in Hong Kong since 2000. This study also identified issues and related managerial implications for developing this niche form of higher education in Hong Kong. Design/methodology/approach This study conducted a critical review of self-financing post-secondary institutions in Hong Kong, including the sub-degree and degree sectors, via collecting a series of policy documents and archives from the Legislative Council of Hong Kong, the Public Records Office and other government bodies. To supplement the findings, semi-structured in-depth interviews of 18 academic staff of Hong Kong's self-financing post-secondary institutions were carried out. Findings The study shows that self-financing post-secondary institutions not only encounter challenges related to insufficient resources but also face pressure from accreditation requirements of various international organisations. The study also suggests that massification and privatisation of self-financing post-secondary institutions, and embracing a managerial approach for operation and governance will induce a new wave of self-financing post-secondary institutions in the near future. Originality/value This study offers insights for self-financing post-secondary institutions into implementing appropriate strategies to maintain competitiveness and retain talents in the coming years. © 2023 Emerald Publishing Limited.

The concept of the associate degree is new to the Hong Kong tertiary education system. Public discussion and research have focused much on the policy and operational aspects of this tier, but empirical efforts to examine associate degree students' learning experiences and how it relates to the policy are relatively sparse. The present study characterised Hong Kong associate degree students' learning experiences in this new tier of tertiary education from the light of human capital theory using qualitative methods. Thirty-five students forming 11 focus groups participated in the study. The focus group interview was exploratory and semi-structured, inviting the students to discuss their transition experiences. Three themes were grounded on the data: 1) Inferior identity; 2) Dual purposes of associate degree; and 3) Intense competition and stress. The present finding regarding associate degree students' learning experience yields implications on policy-making; specifically on the provision of financial support to minimise the cost incurred and broadening of admission in order to make this tier an integral part of the tertiary education system in Hong Kong to promote public perception of economic gain. Copyright © 2019 Informa UK Limited, trading as Taylor & Francis Group.

This article explains why the massification of higher education in Hong Kong has, contrary to the predictions of received wisdom, failed to enhance the upward social mobility of the youth in the city. Building upon recent literature in political science, it argues that massification can take different forms, which in turn determine the effects of massification on various social groups. Through exploring three critical phases in the city’s higher education reform, this article demonstrates how higher education policies have been heavily shaped by the interests of the city’s elites, who, on the one hand, see the expansion of higher education as a solution to such social and economic problems as unemployment and regional integration but, on the other, remain reluctant to increase public spending on the education sector. As a result, higher education has expanded almost exclusively in the private sector. Due to poor planning and implementation, graduates from self-financed programmes are severely disadvantaged in terms of employability, resulting in wage compression and unemployment. The findings of this study shed light on the regressive nature of higher education.
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