A Chinese Educational Foundation will Support Chinese Students Studying at three Israeli Universities

23Top Chinese students will receive scholarships up to $35,000 per year to study at the Technion, Weizmann Institute and the Hebrew University

The Hanqing International Education Foundation, founded by Chinese businessman Zhao Hanqing, will provide support for top Chinese students to study at the Technion – Israel Institute of Technology over the next 20 years. During his visit last week at the Technion, Mr. Zhao said that his foundation will be signing similar agreements with the Hebrew University of Jerusalem and the Weizmann Institute of Science.

According to the agreement, the Foundation will select outstanding Chinese students that fulfill Technion’s stringent admissions standards. Initially, graduate students pursuing advanced degrees (Masters and PhDs) will be chosen. Each student will receive scholarships and other assistance of up to $35,000 each year, to cover all of their expenses. The Foundation will begin with five students per year, increasing gradually to up to 25 students within five years. A six-person executive board will be appointed to oversee operations of this program, with three representatives each from Technion and the Hanqing Foundation.

The agreement is valid for 20 years and values over 8 million US Dollars.

Technion President Prof. Peretz Lavie welcomed the agreement, adding that presently there are a number of Chinese students studying at the Technion. “The relationship between Technion and China grows ever stronger and we view the signing of this agreement with the Hanqing Foundation as another step towards our increasingly close collaboration with Chinese academia,” he said.

Following his visit to the Technion, Mr Zhao Hanqing said it is not surprising that such an excellent institution is considered among the best technology universities in the world, and that he is confident that the outstanding Chinese students chosen to study at the Technion will absorb all that Technion has to offer, acquiring knowledge that will contribute to his country’s burgeoning economy.

Above: Zhao Hanqing with Technion President, Professor Peretz Lavie