BCT Financial Limited (BCT) donated HK$6 million to support the development of the Institute of Global Economics and Finance (IGEF). The cheque presentation ceremony was held on 21 August. Officiating at the ceremony were Prof. Joseph J.Y. Sung (7th left), Vice-Chancellor of CUHK; Ms. Lau Ka-shi (centre), managing director and CEO of BCT; and Prof. Terence Chong (4th left), executive director, IGEF. Delegates from BCT and Prof. Joseph Yam (6th right), distinguished research fellow of IGEF, took part in the ceremony.

To acknowledge the generosity of BCT, the IGEF has established a fellowship named 'BCT Distinguished Research Fellowship'. The establishment of the fellowship comports with mission of IGEF in conducting quality research on China's financial system. Prof. Liu Mingkang was made the BCT Distinguished Research Fellow.