Bulletin Summer 1977

3-Year M.B.A. Programme Endowment Fund Training o f leaders o f the society and far-sighted and knowledgeable professional personnel through the provision o f both liberal and professional education has always been the aim o f the Chinese University. A balanced development o f the two kinds o f education w ill help to raise the academic standard o f the Univer­ sity and render better service to the community. Hong Kong's prosperity depends on its com­ merce and industry, whose development hinges upon strong management in the field. To meet the increasing need for executives w ith high managerial capabilities in the business community, this University established in 1966 The Lingnan Institute o f Business Adminis­ tration, offering a two-year full-time M.B.A. pro­ gramme. However, practising executives w ith full job responsibilities are precluded from taking this course. The University therefore formulated plans for a three- year part-time M.B.A. programme, the implementation o f which was delayed because o f financial constraints. These plans have finally materialized through the enthusiastic support o f two prominent local businessmen, Mr. Fung King-Hey, Chairman and Managing Director o f Sun Hung Kai Securities, L td ., and Mr. Cheng Yu-Tung, Managing Director o f New World Developing Company, Ltd. Not only have Mr. Fung and Mr. Cheng generously contributed a total o f HK$2.5 m illion to initiate an endowment fund for the three-year part-time M.B.A. programme, but also pledged to start a fund-raising campaign among members o f the Hong Kong business com­ munity, the minimum target o f the endowment fund being HK$5 million. The call for donations from Messrs. Fung and Cheng has met w ith ready response from local indus­ trialists and businessmen. Within a few months, the target o f HK$5 million was already reached. Among the numerous donors were: Mr. Chung Ming-Fai and B. Y. Lam Foundation, each HK$500,000 Mr. Lee Shau-Kee, HK$250,000 Messrs. Li Ka-Shing, Kwok Tak-Seng and H. C. Young, The D. H. Chen Foundation, Tim Lee Enterprises, Ltd., and Safety Godown Co., Ltd., each HK$100,000 Messrs. Wang Tseng-Hsiang, Ho Sau-Hong, Lim Por-Yen, Chow Kwen-Ling and Liu Lit-Man ， each HK$50,000 The University is confident that more donations w ill be forthcoming from the local community, which appreciates that the training o f more new blood in the industrial and commercial fields w ill help to boost Hong Kong's position in the highly competitive inter­ national commercial world. From left: Mr. Fung King-Hey, Mr. Cheng Yu-Tung and Dr. C. M. L i