A local Japanese businessman has donated $100 million to Chinese University to support its international exchange efforts.
Lawrence Lau Juen-yee, the university's vice-chancellor, said the donation from property investor Alex Yasumoto was for academic use and was not related to politics.
Mr Yasumoto said: 'I support the vision and efforts of the Chinese University to expand the international horizon of its students and promote cultural exchanges among the young people of Hong Kong, mainland China, Japan and many other places of the world.'
Mr Yasumoto is the founder of Given Co, a locally based investment company that started to invest in Hong Kong's prime real estate market in 1986.
Chinese University has launched a fund-raising campaign to counteract the effect of progressive cuts in government funding for the eight University Grant Committee-funded (UGC) schools.
It was the first university to announce it had raised enough private donations to receive the maximum matching fund of $250 million under the UGC's second matching grant scheme employed in June.