HKUST pledges to invest more than HK$7 billion into third medical school project

Plans include a HK$2 billion complex at the university’s Clear Water Bay campus ahead of a long-term site in the Northern Metropolis by 2034

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Dr Leong Che-Hung, left, Professor Harry Shum Heung-yeung, Professor Nancy Ip Yuk-yu and Dr Michael Mak Hoi-hung of the Hong Kong University of Science and Technology attend a press conference outlining the strategic vision for establishing the city’s third medical school. Photo: Nora Tam

Published: 3:32pm, 19 Nov 2025Updated: 11:01pm, 19 Nov 2025

A Hong Kong university establishing the city’s third medical school has pledged to commit more than HK$7 billion (US$899 million) to the project and has already recruited six clinical professors, including a former head of an Australian institution.

Hong Kong University of Science and Technology (HKUST) on Wednesday provided further details of its development plan, a day after the government revealed that the institution had been chosen to run the new medical school for its clear strategic positioning and strong financial capability, among other reasons.

“HKUST will be fully committed to supporting the operation of the medical school. The commitment would be more than HK$7 billion in the coming 25 years,” said the university’s president, Professor Nancy Ip Yuk-yu.

The funding includes HK$2 billion for an integrated medical school building to be constructed on the university’s Clear Water Bay campus.

Expected to be completed in 2028, the building will be located near the Shaw Auditorium and used as a teaching facility during an interim period before a medical school complex is built at Ngau Tam Mei in the Northern Metropolis, which is planned for completion around 2034.

Secretary for Health Lo Chung-mau said on Tuesday that HKUST’s financial commitment was roughly matched by government funding, on a ratio of about one to one.

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HKUST pledges to invest more than HK$7 billion into third medical school project

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Plans include a HK$2 billion complex at the university’s Clear Water Bay campus ahead of a long-term site in the Northern Metropolis by 2034

Plans include a HK$2 billion complex at the university’s Clear Water Bay campus ahead of a long-term site in the Northern Metropolis by 2034