Latest News:  
Beijing   Light snow    2 / -1   City Forecast

People's Daily Online>>China Society

Most universities fail to publish finances

By Xu Pingting (

10:48, December 05, 2011

None of China's 112 key universities publish financial information including sources of funding or final accounts, a probe cited in Legal Daily Friday has revealed.

Financial records are the least transparent area for colleges, according to a report conducted by China University of Political Science and Law between 2010 and 2011, published on Thursday.

All the 112 key universities scored zero in an index of measuring the openness and availability of financial information.

But there is good news. Some 96 out of 112 universities, 85 percent, publish information on the purchase of equipment, books, medicines and bidding for large infrastructure projects.

College corruption has been frequently reported by media in recent years.

The root of the corruption is the opaque finance information, said Wang Jingbo, a professor with China University of Political Science and Law who is in charge of the report.

Most of colleges' funds are from government allocation and so they are considered public finance. Colleges are obliged to publish their financial information so as to receive supervision from government and the public, he added.


Leave your comment0 comments

  1. Name


Selections for you

  1. Two gaint pandas from China land in Britain

  2. China's female commandos

  3. 74th anniversary of Nanjing massacre

  4. Paper-carving artworks created by hand

Most Popular


  1. Only diplomacy can resolve Iran-West row
  2. Letting the GM genie out of the bottle
  3. Overcoming inter-city prejudices
  4. Why is China's financial sector going global?
  5. World needs safety net against euro crisis
  6. US-Pakistan anti-terrorism coalition close to collapse
  7. China's schools on the way up
  8. What is to be done with Syria?
  9. UK mass strike shows steep learning curve
  10. China-Myanmar ties challenged by US moves

What's happening in China

Super car club in commercial drive

  1. Schools failing on financial disclosure
  2. PKU cancels talk after free speech play
  3. Heavy fog in Beijing bodes ill for pollution
  4. Senior official stresses popular education on law
  5. 2 missing, 19 saved from sinking ship off

PD Online Data

  1. The lion dance in Guangzhou
  2. The flower fair in Guangzhou
  3. Lion dances pay New Year calls in Guilin
  4. Jiangsu´s special New Year traditions
  5. Hakka traditions in Spring Festival