As Fudan University is about to celebrate its 120th anniversary of founding, its alumni couple Li Ping and Liao Mei has made a one-time donation of 1 billion yuan ($137 million) to their alma mater to support the construction of the university's Xue Min Institute of Advanced Studies, which aims to become a world's top institution for high-level basic research and interdisciplinary research of natural sciences.

The institute is set to open its door to global best young scientists within five years after graduation from their doctoral programs, according to the university. It will provide support to help them carry out research with original breakthroughs, technological revolutions and far-reaching influences, striving for research results that can push forward the development of the society by leaps and bounds.

Eyeing interdisciplinary, cutting edge and international research, the institute is committed to becoming a global leading source of scientific and technological innovations, contributing Fudan's wisdom and efforts to building China as a sci-tech powerhouse.

"We have been looking for such a donation program at Fudan, which we expect to be academically challenging, time consuming, financially demanding but can have a profound effect on the society. We would regard it as our social responsibility," said Liao Mei, an alumnus in the class of 1986 from the Department of History at Fudan University.