Chinese Colleges Need More Endowment.docVIP

Chinese Colleges Need More Endowment 　　【Abstract】In this paper I talk about the importance of increased college endowments. First I will introduce the limited financial situation of current Chinese colleges. Second， I will present an analysis on the financial reports of STU and Yale. Thirdly， I will describe the current Chinese College endowment situation. In conclusion I will present four suggestions for enhancing current Chinese college endowments. 　　【Keywords】Endowment；Chinese；College；Finance 　　1.The General Financial Situation in Chinese Colleges 　　Since 1999， China began to dramatically expand its higher education system through larger student body size and rapidly increasing number of learning institutions. In 1978， all China only had 598 colleges， while in 1999 number became 1071. Over the next four years the number of colleges in China increased 50%. By 2006， China had 1967 public colleges and 994 private colleges. 　　The number of students in college in 1998 was 3.41 million and rose to 7.19 million in 2001. Considering the fact that it took six years for the number of students to rise from 2 million to 3 million during the years of 1990-1996， the recent jump in attendance is rising rapidly. China had 4.134 million students in college in 1999 but the number rose to 17.388 million by 2006. Student enrollment had increased four times in seven years. 　　In 1990 less than 4% of the 18-22 age group enrolled as students in higher education institutions as compared to 22% in 2005. That means one fourth of the 18-22 age people can enter college. The enrolment rate of higher education in China went from 4% to 22% in only 16 years. The amazing growth rate brought not only surprises but additional problems. Providing adequate financial support is one of them. 　　In 1999， Chinese government had invested 29.77 billions RMB in colleges. The number in 2000 was 40.65 billion RMB and the next year it was 49.02 billion. By 2002 the government had invested 55.81 billi