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

Project narrative

On July 18, 2008, the Confucius Institute Headquarters (Hanban) and University of Bologna signed an agreement to establish the University of Bologna. 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 2008, University of Bologna and Renmin University of China (中国人民大学), the cooperating partner, signed a supplementary implementation agreement. Renmin University of China agreed to provide one or two visiting scholars annually, donate teaching materials, and receive student study groups. The Confucius Institute was officially established on March 2, 2009.