China's top Peking University has received a US$22 million (S$35 million) donation from the estate of late Singapore banker and philanthropist, Tan Sri Khoo Teck Puat.
Contributing to education is not just a Chinese tradition, but also a focus of the estate of Mr Khoo.
14 members from the Khoo family made their first trip to China for the event.
The daughter of the late billionaire, Mavis Khoo, said they are continuing in the spirit of her late father's philanthropic vision to support deserving causes regardless of geographical boundaries.
According to Peking University, this is the largest ever foreign donation to any institute of higher learning in China.
The contribution will help to defray the costs of a new sports complex and an auditorium at the School of Government.
In appreciation of the donation, both buildings will be named after the late Mr Khoo.
The sports complex will be used during the 2008 Beijing Olympics as the venue for the table-tennis competition.
Peking University, which already has links with the National University of Singapore and Nanyang Technological University, expects a positive roll-over from this donation.
Xu Zhihong, President of Peking University, said: "Mr Khoo is a Chinese and an outstanding Singaporean business leader and philanthropist. (The donation) demonstrates our good relations. At Peking University, I hope to see more Singapore students; I also hope more Chinese students - including Peking University graduates - will go to Singapore Universities."
Witnessing the event is Singapore's Education Minister Tharman Shamugaratnam, along with his Chinese counterpart, Zhou Ji.
At their meeting, both sides agreed to deepen collaboration in research and development at the university level.
There are also plans to work with the leading Haidian School district in Beijing and to facilitate more Chinese teachers to train at Singapore's National Institute of Education.
Hwa Chong Institution will be working with the number two high school of the Beijing Normal University, on a half-year programme in China with a Singapore curriculum.
"Within a year they hope to send a significant number of students to be taught by Singapore teachers located within the Chinese school for up to six months, offering closer collaboration with teachers on the Chinese side. So this is a new model of education that will yield benefits in time to come," Mr Tharman said.
During the Minister's visit, Nanyang Polytechnic also inked an agreement with Beijing IT College which will see 160 Singapore students spending eight weeks in China.