The Hong Kong University of Science and Technology (is a public research university in Clear Water Bay, Hong Kong. Founded in 1991 by the British Hong Kong Government, it was the territory's third institution to be granted university status. HKUST is commonly regarded as one of the fastest growing universities in the world. The university consists of four main academic schools, offering programs in science, engineering, business and management, humanities and social science, along with the Interdisciplinary Programs Office, HKUST Fok Ying Tung Graduate School / Guangzhou HKUST Fok Ying Tung Research Institute, HKUST Jockey Club Institute for Advanced Study and HKUST Institute for Public Policy.