Lingnan University is seeking to raise a further $21 million after its latest fund-raising success in response to the University Grants Committee's (UGC) matching-fund scheme.
The institution has already received the matching amount for the $24 million it has raised since last summer.
Like other institutions, it has until the end of June to raise further funds for it to be eligible for the matching grant under the second phase of the scheme.
The UGC has put aside $45 million as a minimum amount available for matching for each institution until then.
Professor Edward Chen Kwan-yiu said that Lingnan had not been adequately funded, as its budget only made up 1.8 per cent of the total higher-education spending while its current student number accounted for 4.8 per cent of the total student population.
It is seeking to increase its student intake in the 2005-2008 triennium when it will launch two new degrees, in liberal studies and visual art.