Press Release
HKBU receives HK$30 million donation from Musketeers Education and Culture Charitable Foundation to establish research institute to address the ageing challenge
Friday, 3 July 2026
Hong Kong Baptist University (HKBU) has received a generous donation of HK$30 million from the Musketeers Education and Culture Charitable Foundation Limited (the Foundation) to establish the “HKBU Musketeers Foundation Traditional Chinese Medicine Research Institute for Age-related Diseases” (the Institute). The Institute aims to address the challenges arising from Hong Kong’s continuously ageing population. It will focus on research in the field of age-related diseases, integrating Chinese medicine methodologies with evidence-based scientific research to provide comprehensive support for improving the health of the elderly.
In recognition of the Foundation’s generosity, HKBU held a naming ceremony for the Institute on 2 July. Officiating at the ceremony were Mr Stanley Chu, Dr the Hon Lawrence Fung and Mr Leong Ka-chai, Co-founders of the Foundation; Dr Sunny N C Chai, Deputy Chairman of the Council and the Court of HKBU; and Professor Martin Wong, Provost of HKBU.
The Institute will focus on three major areas of age-related diseases, namely neurodegenerative and neuropsychiatric diseases, obesity and diabetes, as well as osteoarthritis, in an effort to develop corresponding new drugs. The Institute will also foster innovative breakthroughs and pursue excellence in scientific research in support of the ongoing development of clinical services, providing the momentum for Hong Kong’s development into a hub for the internationalisation of Chinese medicine and benefiting local and global communities.
In his address, Dr Sunny N C Chai expressed his heartfelt appreciation to the Foundation for its tremendous support for HKBU. He said: “This far-sighted philanthropic initiative not only responds to the pressing healthcare needs and benefits the wider community, but also fully reflects the profound recognition and trust that the three Co-founders have in HKBU as a pioneer in Chinese medicine education and research in Hong Kong.”
Mr Stanley Chu, speaking on behalf of the Foundation, said: “The Institute integrates the wisdom of Chinese medicine theories with the strength of modern scientific research to develop more effective solutions for prevention, treatment and rehabilitation, helping to address the continued challenges faced by Hong Kong’s ageing population. This collaboration marks an important milestone in promoting innovation in Chinese medicine and elderly healthcare, while injecting new impetus into Hong Kong’s development as a centre for scientific innovation in Chinese medicine.”
At the ceremony, Professor Li Min, Dean of the School of Chinese Medicine of HKBU cum Founding Director of the Institute, introduced the Institute’s key initiatives and outlined strategies for preventing and treating age-related diseases to the guests.
Other attending HKBU representatives included Mr Paul Poon, former Deputy Chairman of the Council and the Court; Dr Albert Chau, Vice-President (Teaching and Learning); Ms Christine Chow, Vice-President (Administration) and Secretary; and Mrs Lily Chan, Director of University Advancement and Secretary-General of the HKBU Foundation.
