Mr Yu Pang-lin (余彭年先生), a self-made business tycoon, recently set up the Yu Pang-lin Scholarships to support approximately one hundred students from four universities in Hong Kong; namely, The University of Hong Kong (HKU), The Chinese University of Hong Kong (CUHK), The Hong Kong Polytechnic University (PolyU) and The Hong Kong University of Science and Technology (HKUST).
To support the newly established Yu Pang-lin Scholarships, Mr Yu has donated nearly HK$4 million this year to each of the aforementioned four universities, making a total of around HK$16 million. The beneficiaries include both local and non-local tertiary students.
The Joint Presentation Ceremony for Yu Pang-lin Scholarships was held on October 16, 2012 at the Jockey Club Auditorium on the PolyU campus in the presence of Mr Yu Pang-lin, as well as senior officials and students of the four institutions. The Vice-Chancellors or the representatives of the Vice-Chancellors of HKU, CUHK, HKUST and PolyU, all expressed their appreciation for Mr Yu’s generosity. To show their gratitude for Mr Yu’s donation, students of the four tertiary institutions put on a spectacular performance of music and dance.
Mr Yu said that he hoped this move could encourage more people in the community to show their enthusiasm in support of the future development of higher education on the Chinese mainland, Hong Kong and Taiwan.