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

Project narrative

In 2005, the Confucius Institute Headquarters (Hanban) and University of Iowa signed an agreement to establish the Confucius Institute at the University of Iowa. 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. In the end of 2005, University of Iowa and East China Normal University (华东师范大学), the cooperating partner, signed a supplementary implementation agreement. East China Normal University agreed to provide one or two visiting scholars annually, donate teaching materials, and receive student study groups. The Confucius Institute was officially established in Fall of 2006. It began operations on March 15, 2006. The final contract for the Confucius Institute expired on July 31, 2019.