9th December 2021 – (Hong Kong) After Hong Kong Professional Teachers’ Union (PTU) was dissolved earlier, it quickly sold its assets. The latest sale was its premises on the old Canal Road West site in Causeway Bay at a price of about 160 million Hong Kong dollars with an average price of HK$16,000 per square foot, nearly 20% below market price. In just three months, PTU sold a total of four properties and cashed in about HK$428 million.
On 31st July 2021, Chinese state media People’s Daily and Xinhua News Agency published articles accusing the PTU of “encouraging anti-China activities that mess up Hong Kong”, calling it a “poisonous tumour” that “must be eradicated”. On the same day, the Education Bureau also severed ties and announced it would stop working with the trade union, describing it as “no different than a political group” and accusing it of “dragging schools into politics”.
On 10th August 2021, PTU President Fung Wai-wah announced in a press conference that the PTU would disband. He added that the trade union had tried hard to find ways to continue its operations, but that “the social and political situation changed too fast and too quickly” and the decision to disband was made in response to these changes.
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