Hanban provides a grant for the establishment of the Confucius Institute at University of Chicago

Project narrative

On September 29, 2009, the Confucius Institute Headquarters (Hanban) and the University of Chicago signed an agreement to establish the Confucius Institute at University of Chicago. 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 xx, University of Chicago and Renmin University of China (中国人民大学), the cooperating partner, signed a supplementary implementation agreement. Renmin University of China agreed to provide one or two visiting scholars annually, donate teaching materials, and receive student study groups. The Confucius Institute was officially established on June 1, 2010. The Confucius Institute closed in 2014.