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What is the Government's decision on implementation of the report of the Higher Education Review 2010?

UGC submitted its report "Aspirations for the Higher Education System in Hong Kong" to the Education Bureau in early December 2010, which was published on the same date. On 3 November 2011, the Bureau announced its decision on implementation of the report. Details can be found in the Bureau's press release: http://www.info.gov.hk/gia/general/201111/03/P201111030337.htm.