New Asia College started out as the Asia Evening College of Arts and Commerce, founded in 1949 by the eminent scholars Dr Ch’ien Mu, Mr Tang Chun-i and Mr Tchang Pi-kai among others. Their mission was to carry on their educational ideals of promoting Chinese humanism and facilitating cultural exchange between East and West. The early days of the College were tough but the mission and educational vigour of the New Asia pioneers gradually drew attention from many quarters. It soon received financial support from various channels, the most prominent one being the Yale-in-China Association. It also received funding from the Asia Foundation and the Harvard-Yenching Institute. Such sponsors gave the College a solid foundation that spurred its growth.

Asia Evening College of Arts and Commerce reforms to New Asia College and moves to Kweilin Street (1950)
First graduation ceremony of New Asia College (1952)
Mr Charles Long, representative of Yale-in-China Association, visits New Asia College and meets with College Board member, Mr Shen Yen-mou (first left) and key founders Mr Ch’ien Mu (second left) and Mr Tang Chun-I (1954)
Sir Alexander Grantham, the Governor of Hong Kong, officiates at the foundation stone laying ceremony of the New Asia College Farm Road campus (1956)
First phase of Farm Road campus (a gift from the Ford Foundation) is completed (1956)
Faculty members at the General Assembly of Members (1957)
Second phase of Farm Road campus (a gift from the Yale-in-China) is completed (1960)
Peter Donohue, Director of Education, officiates at the unveiling ceremony of the third-phase Farm Road campus (1963)