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

Project narrative

On November 14, 2005, the Confucius Institute Headquarters (Hanban) and Autonomous University of Madri and Casa Asia signed an agreement to establish the Confucius Institute in Madrid. 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 2005, Autonomous University of Madrid and Casa Asia and Shanghai International Studies University (上海外国语大学), 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. The Confucius Institute was officially established on November 26, 2007. This was the first Confucius Institute to be established in Spain. A 2017 report stated that the Confucius Institute covered 50% of its budget, the university covered the next 20%, and Hanban covered the remaining 30% of the Confucius Institute’s budget.