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

Project narrative

On February 27, 2007, the Confucius Institute Headquarters (Hanban) and the University of Valencia signed an agreement to establish the Confucius Institute at the University of Valencia. 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 25 May 2007, University of Valencia and Chinese Northeast Normal University (东北师范大学), the cooperating partner, signed a supplementary implementation agreement. Chinese Northeast 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 on November 28, 2007.