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

Project narrative

In 2009, the Confucius Institute Headquarters (Hanban) and Pace University signed an agreement to establish the Confucius Institute at Pace University. 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 2009, Pace University and two Chinese organizations, Nanjing Normal University (南京师范大学) and Phoenix Publishing & Media Group (凤凰出版传媒集团), the cooperating partner, signed a supplementary implementation agreement. Nanjing Normal University and Phoenix Publishing & Media Group 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 5, 2009. It began operation on May 19, 2009. Hanban and Phoenix Publishing & Media Group funded RMB 3 million for the Confucius Institute’s first year operations. The Confucius Institute closed in 2019.