Looking forward to those measures to be applied 
From the government website:
http://www.news.gov.hk/en/category/atschool/080514/html/080514en02002.htm
New measures under the education hub policy will be implemented May 19 to encourage meritorious non-local students to pursue higher education in Hong Kong, the Education Bureau says.
Non-local fresh graduates who wish to apply to stay and work in Hong Kong after graduation are not required to secure a job offer upon application. They can be granted 12 months’ stay on time limitation without other conditions of stay provided normal immigration requirements are met, and during which they are free to take up or change jobs in Hong Kong.
For non-local students who had previously graduated in Hong Kong and wish to return to work, their applications will be considered so long as the job they have secured is at a level commonly taken up by degree holders and the remuneration package is set at market level. They may be granted 12 months’ stay on time limitation without other conditions of stay provided normal immigration requirements are met. Their stay will be extended if they are still employed under the conditions mentioned above.
All non-local students will be allowed to pursue short-term studies in programmes offered by Hong Kong higher education institutions with degree-awarding powers, provided that the cumulative duration of short-term studies should not exceed 180 days within any 12-month period.
The Immigration Department will also implement the measures to allow non-local students of full-time, locally accredited programmes at degree level or above to take up study-related internships as arranged or endorsed by institutions, as well as to take up part-time on-campus jobs for up to 20 hours a week, and off-campus summer jobs from June to August.
Fund members named
Meanwhile, Pamela Chan, Chung Shui-ming, Nyaw Mee-kau, Richard Tang, Carrie Willis and Shirley Wong have been named Government Scholarship Fund steering committee members. Patrick Chan and Clifton Chiu have been appointed the fund’s investment committee members. The tenures are for two years.
Secretary for Education Michael Suen said: “I am confident that with the appointments of the committees, the fund will be able to recognise the achievements of quality students, increase Hong Kong’s attractiveness as a regional education hub, and in doing so, accomplish our goal of attracting outstanding local students to advance their studies here at home, and meritorious non-local students to pursue higher education opportunities here in Hong Kong.”
The steering committee, chaired by the Secretary for Education or his representative, advises the trustee of the fund on the policies and operation of the fund. The investment committee, also chaired by the Secretary for Education or his representative, with the Permanent Secretary for Education and the Director of Accounting Services or their respective representatives as ex-officio members, advises the trustee on the investment of the fund.
The fund, with a capital of $1 billion, was established in February. It will support the award of Government scholarships to local and non-local students in full-time, publicly-funded programmes at degree or above levels. The first batch of scholarships will be awarded in the 2008-09 school year.