Tsinghua University's Billions of Dollars
Chinese public universities have billions of dollars in their books. They simply innovate, create technologies and license them. One of these schools - Tsinghua University - is giving back big to the city. It is an amazing case study what elite schools do: they do research, generate wealth and even return money to governments.
Uploaded files:China’s Tsinghua University will reduce its stake in the mainland’s leading chip maker Tsinghua Unigroup amid a central government campaign to downsize the billions of dollars of corporate assets owned by public universities.
Tsinghua Holdings, which is owned by the public university, has agreed to transfer a 36 per cent stake in Unigroup to Shenzhen Investment Holdings, owned by the southern city’s government agency overseeing state-owned assets, according to statements published by Unigroup’s three Shenzhen-listed subsidiaries on Friday.
Tsinghua Holdings will retain a 15 per cent stake, according to the statements.