Hanban provides a grant for the establishment of Confucius Institute at University of Finance and Administration

Project narrative

On November 6, 2018, the Confucius Institute Headquarters (Hanban) and University of Finance and Administration (VSFS) signed an agreement to establish the Confucius Institute at University of Finance and Administration. 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 November 6, 2018, VSFS and China Jiliang University (中国计量大学), the cooperating partner, signed a supplementary implementation agreement. China Jiliang 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 November 21, 2018.