Peking Uni in drive for funds

Peking University, China's most prestigious institute of higher learning, has launched a fundraising campaign to help it achieve its long-term development goals.

In a statement posted on its website last week, the university said it will soon set up a development committee and each faculty will be responsible for raising funds.

Min Weifang, Party secretary of the university and chairman of the Peking University Education Foundation, had proposed at an earlier meeting that such a committee, as well as secondary working teams, be set up to integrate resources from multiple fundraising channels, the statement said.