Hanban provides a grant for the establishment of Confucius Institute at ESCP Europe

Project narrative

On November 24, 2017, the Confucius Institute Headquarters (Hanban) and ESCP Europe Business School signed an agreement to establish the Confucius Institute at ESCP Europe. As part of the agreement, Hanban is obligated to provide teaching materials, an annual fund, and numbers of Chinese instructors. The funds are dispersed through a local Bank of China account or other approved bank account created by the institute. The agreement has a 5-year validity and automatically renews at the end of every 5-year term. On December 12, 2017, ESCP Europe Business School and Beijing Foreign Studies University, the cooperating partner, signed a supplementary implementation agreement. Beijing Foreign Studies University agreed to provide one or two visiting scholars annually, donate teaching materials, and receive student study groups. The Confucius Institute was officially established on May 13, 2019. The Confucius Institute was the second Confucius Institute in France and the 10th Confucius Institute featuring businesses in the world.