Shantou University
STU, a key comprehensive university under the provincial Project 211 program, was founded in 1981 with the approval of the State Council. As the only public university that receives long-term funding from the Li Ka Shing Foundation, it is jointly supported by the Ministry of Education, the Guangdong Provincial Government and the Li Ka Shing Foundation. The Li Ka Shing Foundation has committed and donated a total of HK$5.4 billion to support Shantou University (including the Cheung Kong Graduate School of Business), of which HK$4.2 billion has already been donated as of 2012.