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Youth Matters
 
New budget initiative on pilot microfinance scheme welcomed

The Financial Secretary delivered the last Budget of his term yesterday. While we agree with the general positive consensus on the various waivers, subsidies and grants, we particularly welcome the assistance offered to those wishing to start their own businesses.

We believe that implementing a three-year pilot scheme to make microfinance available is especially helpful to young people who might otherwise lack the financial resources for entrepreneurship or self-enhancement training. With microfinancing, young people can be encouraged to seek new avenues to enhance their employability, so much needed in times of economic uncertainty.

This scheme will be run in partnership with the government, non-profit organizations and other stakeholders. The Federation, with its own Youth Employment Network, looks forward to being involved and thus offering young people another avenue of hope for economic self-sustainability.
Services
New! Project Dance Studio to open at HKFYG Youth SPOT in March with sponsorship from the Home Affairs Bureau
Project Dance Studio is a new youth social enterprise which will open next month at HKFYG's Jockey Club Farm Road Youth SPOT's extension in Ma Tau Wai Housing Estate, To Kwa Wan. The Home Affairs Bureau is sponsoring the initiative and active partners include professional dance advisers and celebrity artistes. Facilities include a practice room, café, lounge and video training facilities, open from noon till 10pm Monday-Friday, longer at weekends. The young people in charge will become experienced business entrepreneurs while offering dance, yoga and fitness classes to children, teens and parents. Contact Terrence 2715 0424 for more details.
Dance social enterprise

Coming soon
Webcast from HKFYG connects Financial Secretary with young audience to discuss budget on 7 February
An HKFYG webcast with the Mr John Tsang, Financial Secretary, will feature a live discussion on the budget that was announced yesterday. This online session will take place next week, on Tuesday 7 February from 4.30-5.30pm. Contact Ken, tel 2831 9183, for more information.
Mr John Tsang, Financial Secretary

Completing the series of webcasts on university admission, with Professor Albert Chan, President and Vice-Chancellor Baptist University, February 23 7-7.30pm
The series of 30-minute webcasts with all Hong Kong's university Presidents and Vice Chancellors will be concluded this month. It has featured interviews where they talk about the implications of the new curriculum for first degree places. Professor Albert Chan, President and Vice-Chancellor Baptist University, will be at the last session on 23 February 7-7.30pm. More details from Ken, tel 2831 9183.
Thank you to all our partners
Free course for youth who want to be their own boss supported by Lee Ka Shing Foundation's Love Ideas, Love HK!
Youth Business Hong Kong (YBHK) is launching a new course on 15 February with funding from the Lee Ka Shing Foundation Love Ideas, Love HK! The aim is to develop entrepreneurial skills and mind-set in young people who want to succeed in business. The course has the support of professional associations, well known companies, and
experienced entrepreneurs. It will give participants aged 18-35 competitive edge by covering 8 key topics including marketing strategies, customer relations and accounting. Specialists will share their experience and professional knowledge on starting their own business and transferrable skills for increased employability. All lessons are FREE OF CHARGE. Applications accepted now. Visit ybhk.hkfyg.org.hk or contact Miranda Wong, tel 3113 7999 for details.

LEAD Creative Class receives new donation of HK$3 million for 2011-14 from The Hung Hing Ying and Leung Hau Ling Charitable Foundation
The Hung Hing Ying and Leung Hau Ling Charitable Foundation is offering generous support to LEAD Creative Class, a project which helps teachers with creative teaching and learning methodologies. The project will emphasize inter-school challenge-based learning projects advocated by Apple Education. Students at international and local schools will collaborate and share an online platform. With support from Education Bureau, this second phase of LEAD Creative Class will build partnerships between teacher-learners, learners and parents for a more creative and authentic learning process. Contact Edmond, tel 3106 0600 for more information.
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