Bulletin Spring‧Summer 2007

31 CUHK Establishes Two New Colleges Looking Ahead CUHK cherishes its college system and the vital roles played by the existing colleges. With the new development, the level of resources for the existing colleges will remain unchanged, and the existing colleges will not be under any pressure to admit more students. The establishment of new colleges is part of the University’s long-term strategy, an important milestone in its development and testimony to the importance placed on the college system. The University has established a task force to coordinate among the colleges and the University, so that all parties will be able to work together most effectively for the benefit of the students. C.W. Chu College C.W. Chu College is established with an initial donation of HK$100 million from Mr. Peter Yip, founder of CDC Corporation. It will cater for 300 students on a fully residential and communal dining basis. A native of Jiangsu, Dr. Chu Ching-wen (1906-1996) began sponsoring the studies of needy students at age 18 and, at age 30, founded a university scholarship in Nanjing. In 1965, he set up scholarships so children from poor families can pursue university studies in the US. From the 1960s to 1980s, Dr. Chu’s scholarships enabled more than 700 young people from Hong Kong to pursue university education in the US. Beginning in the late 1980s, Dr. Chu turned his attention to the mainland, and through the C.W. Chu Foundation, supported over 30,000 mainland university students. Many of the Chu Scholars who studied in the US have become successful. Mr. Peter Yip, founder of CDC Corporation, was a Chu Scholar who, thanks to Dr. Chu’s assistance, obtained an associate degree from Vincennes University in Indiana. He also holds an MBA and Master in Electrical Engineering from the University of Pennsylvania. As a tribute to Dr. Chu’s munificence, he has kicked off the fund-raising effort to be launched among fellow Chu Scholars, with an initial personal pledge of HK$100 million for the establishment of a new college at CUHK. The Chu family and the C.W. Chu Foundation have graciously consented to name the new college after the late Dr. Chu. C.W. Chu College will have the benefit of a ready network of mentors formed by the many Chu Scholars the world over.