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[Hong Kong, 20 June 2018] Sun Hung Kai Properties Limited ("SHKP") announced today (20 June) that it has made a donation of RMB 5 million to the Institute of New Structural Economics ("INSE") at Peking University through the Peking University Education Foundation.  This recently established "SHKP New Structural Economics Research and Development Fund" will promote and support INSE’s faculty development, theoretical innovation, teaching and research, international exchange, student cultivation and other related areas.

 

SHKP Chairman and Managing Director and Peking University Honorary Trustee Mr. Raymond Kwok said: “As Peking University celebrates its 120th anniversary, we are delighted to initiate the SHKP New Structural Economics Research and Development Fund to support research of New Structural Economics.  We believe that under the leadership of Peking University and Dean Mr. Justin Yifu Lin, the Institute of New Structural Economics will continue to provide support for the sustainable economic growth and development of China, the Guangdong-Hong Kong-Macao Greater Bay Area and the Hong Kong Special Administrative Region through insightful researches and innovations.”

 

On behalf of the University, Peking University Vice-President and Peking University Education Foundation Vice-Chairman Professor Wang Bo expressed his appreciation for the care and support from SHKP and the University’s Honorary Trustee Mr. Kwok.  As an old friend of Peking University, SHKP has long been providing the University with valuable support.  Professor Wang believes that under the leadership of Professor Lin, INSE will live up to the trust and expectation of the community by making advancements in theoretical innovation and providing new contributions.

 

Professor Justin Lin Yi-fu, Dean of the Institute of New Structural Economics at Peking University, said: “We are grateful for Mr. Kwok’s aspiration to serve people and dedication to making the world a better place for all.  We extend our deep gratitude to him for supporting INSE.  This Institute will continue to uphold its academic mission of 'knowing and achieving being one', and endeavor unremittingly in theoretical innovation and policy practice.”

 

New Structural Economics is a set of economic development theories introduced and promoted by Professor Lin, renowned economist and former Chief Economist of the World Bank, that are widely applicable to different countries and regions at various developmental stages.  With respect to the Hong Kong Special Administrative Region ("Hong Kong") and the Guangdong-Hong Kong-Macao Greater Bay Area, New Structural Economics can diagnose issues of concern in Hong Kong in order to resolve structural dilemmas faced by the city's current economic development.  This will enhance Hong Kong’s prominent status as an international finance, shipping and trading centre as well as integrate Hong Kong more smoothly into the nation’s development, as the city assumes its new role and goal in the overall development strategy of the Guangdong-Hong Kong-Macao Greater Bay Area. 

About Sun Hung Kai Properties

Sun Hung Kai Properties Limited (SHKP) is committed to “Building Homes with Heart”, through developing premium quality projects for residential, office and retail purposes as well as offering first-class customer-focused service over the years.  Since its listing in 1972, SHKP has built many distinctive projects that had become landmarks reflecting the growth of Hong Kong and helped define the city as a major international metropolis.  The Group is now one of Hong Kong’s leading property developers. Its International Commerce Centre (ICC), the tallest building in Hong Kong, forms the stunning Victoria Harbour Gateway with Two IFC on the Central waterfront.  The Group actively engages and invests in the wider community through programmes that encourage exercise for good, promote reading among the youths and caring for the underprivileged, all to building a better Hong Kong for everyone.

 

About the Peking University Education Foundation

Established in 1995, The Peking University Education Foundation is one of the oldest, most well-managed and fastest-developing university foundations in China.  The Foundation is committed to strengthening the connections and collaborations between Peking University and different parties within as well as beyond the country.  It also aims to raise as well as manage funds and support from different parties and alumni to sustain the University’s relentless efforts in the cultivation of talent, research and social services for the betterment of mankind.  In 2013, the Foundation earned a 5A rating, the highest national foundation ranking, by the Ministry of Civil Affairs.

 

About the Institute of New Structural Economics of Peking University

The Institute of New Structural Economics at Peking University, established in December 2015, aims to build a world-class flagship research, academic, as well as government advisory organization to lead global developmental trends and policy practices.  The Institute dedicates to drawing development experiences from China and other developing countries in order to incubate innovative independent theoretical ideas based on New Structural Economics, so as to contribute to the great rejuvenation of China, elevation of the country’s cultural soft power, and advancement of human knowledge and well-being.