Outside this system are the schools under the Direct Subsidy Scheme and private international schools. [239] There are eight public and one private universities in Hong Kong, the oldest being the University of Hong Kong (HKU), established in 1910–1912. [241] The Chinese University of Hong Kong was founded in 1963 to fulfill the need for a university with a medium of instruction of Chinese. [242] Competition among students to receive an offer for an undergraduate programme is fierce as the annual number of intakes is limited, especially when some disciplines are offered by select tertiary institutions, like medicine which is provided by merely two medical schools in the territory, the Li Ka Shing Faculty of Medicine at the University of Hong Kong and the Faculty of Medicine of the Chinese University of Hong Kong.

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