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

Project narrative

On October 28, 2011, the Confucius Institute Headquarters (Hanban) and the Stanford University signed an agreement to establish the Confucius Institute at Stanford 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 2011, Stanford University and Peking University, the cooperating partner, signed a supplementary implementation agreement. Peking 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 September 27, 2013.