1m yuan awards await top graduates

High school graduates in Enping, a city in Guangdong province, will be awarded 1 million yuan ($163,000) each and an apartment on gaining admission to prestigious Peking and Tsinghua universities, starting in 2015.

Under an agreement signed between Enping Education Bureau and Macao tycoon Feng Huoling last week, a 30 million yuan foundation has been set up to reward outstanding high school graduates enrolled by the two top Chinese universities. Feng is the head of Macao Enping Association. The agreement runs until 2021.

All candidates must have Enping household registration, or hukou, and have studied for at least five years at the city's junior and senior high schools, said Liang Guoguang, director of the bureau.