Hanban provides a grant for the establishment of Confucius Institute in Waterloo

Project narrative

On June 13, 2006, the Confucius Institute Headquarters (Hanban) and University of Waterloo signed an agreement to establish the Confucius Institute in Waterloo. 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 June 13, 2006, University of Waterloo and Shanghai International studies University, the cooperating partner, signed a supplementary implementation agreement. Shanghai International studies University agreed to provide one or two visiting scholars annually, donate teaching materials, and receive student study groups. This Confucius Institute was the first Confucius Institute to be established in Eastern Canada. The Confucius Institute was officially established on May 3, 2007.