BEIJING, March 15 (Xinhua) -- Longfor Group, a Chinese real-estate company, donated 100 million yuan (about 15 million U.S. dollars) to the Palace Museum Thursday, according to the official website of the Palace Museum.

The donation will go towards a cultural fund that will help promote cultural relic protection and conservation, cultural heritage research, collection acquisition as well as traditional culture spreading.

The Palace Museum is committed to using the donation with openness and transparency, and will work with the entire society to protect and utilize cultural heritage, said Shan Jixiang, the museum director.