The Xinhua Foundation was referred to the University of Mundell for profit transiting

Since June 15, the Xinhua charitable Foundation has continuously exposed suspected accounts of fraud, false items to "take" charitable funds incident. Recently, the daily economic news reporter also found that the Xinhua charitable Foundation is suspected by injecting into the Mundell International Entrepreneur University (hereinafter referred to as Mundell University) to "marriage" Xinhua Business School, the "deceitful Act" of charitable money to operate the commercial. Industry insiders believe that the private college, the University of privately-run schools, Xinhua School of business to use resources such as teachers and other illegal education, access to tuition fees and other income, and the Xinhua Foundation is suspected of using charitable funds for injection, participation in commercial education projects and become beneficiaries. This kind of operation method, had to let people associate to "Western Pacific University Doctor" Tang June "Education gate" fraud traces. Mr Chen would, chairman of the University of Mundell. Public information revealed that Mundell international entrepreneur University was founded in November 2004, is a "non-academic education" of private education institutions, because of the hired "father of the euro" Robert Mundell as honorary principal, so named after his name. The University of Mundell was founded as "the only university in the world that is tailor-made for entrepreneurs and aims to foster entrepreneurship". Mundell University by the Beijing Municipal Political Consultative Committee members, Zhongguancun "First villager", China private Science and Technology industry Association vice Chairman, Beijing Private Science and technology industry Association old President Guish as the President, by the Beijing Private Science and Technology industry Association vice President, Haidian District CPPCC member Wu Yu Ms. Ren as chairman. In June 2011, the University of Mundell on its website updated the school introduction, which refers to the "Xinhua Charity Foundation for the Mundell International entrepreneur University", according to the "People's Republic of China Private Education Promotion Act eighth chapter, when such a capital injection behavior, The Xinhua Charity Foundation is the director of the Mundell International entrepreneur University. This behavior is the same as the 2010 billion-Yang Group Co., Ltd. "shares" of Mundell University. In a new announcement at Mundell University, Mr Chen would, chairman of the Xinhua Charity Foundation, became chairman of the new Board of Trustees of the University, as well as board members and school leaders, and said that the new portfolio of Mundell University will combine its strengths with the Xinhua Business School, which was founded by the Xinhua Foundation. In addition to the information mentioned in the announcement, two notable changes have taken place after the new Xinhua Foundation funded the University of Mundell, the first of which is that the huge signboard of the international Entrepreneur University in Beijing has been removed; second, public information shows that Mundell University is the Beijing campus of Minjiang College, the Daily Economic news The reporter called the University of Mundell, the phone has become the head of the "Xinhua School of Economics and Management." According to staff, the two schools have been "merged", the Xinhua charitable foundation of the injection of the staff described as "the equivalent of the Xinhua charitable Foundation to acquire the University of Mundell." However, in the public Information of Beijing Municipal Bureau of Education, there is no announcement about the change of the capital injection. Although the private higher education Institution is a non-profit organization in the scope of law,However, in the "People's Republic of China Private Education promotion law" or "to allow private schools to deduct the cost of running a school, reserve the Development Fund, and in accordance with the relevant provisions of the State to draw other necessary costs, the investor can obtain a reasonable return from the running balance." "The Xinhua Foundation Charitable Fund Curve into such a" profitable "institution is clearly not in line with the business scope of its foundation commonweal activities, although there is a" paid investment, proceeds for charity "clause in its scope of business, it is noteworthy that the funds are described as" donations "in the annual report. Huang Zhen, director of the Foundation Research Center at the Central University of Finance and Economics, told the Daily economic news reporter that such "Association behavior" as the Xinhua Foundation and Mundell University could easily lead to benefits. Mr Yan, a Shanghai lawyer, argues that "a commercial run such as a charitable fund is not in itself appropriate, and that the benefits are divided by the partnership between Mundell University, which is funded by the charity fund, and the already-public business school of Xinhua." The foundation becomes the commercial interest related party The Education law has indicated that the private higher education organization (non academic degree) refers to the enterprise organization, the social organization and other social organizations, the citizen individual uses the non-State financial Education Fund, faces the Society to organize the implementation system to carry on for more than two years, including two To carry out advanced self-study examination Student guidance and the implementation of higher vocational and technical training of full-time higher education, but do not have the qualifications of the educational institutions issued diplomas. Mundell University is a "non-academic education" of private education institutions, if according to the interpretation of the law, it can only conduct similar training courses, but this does not affect the University of Mundell to recruit some students who can graduate. The introduction of Mundell University's website, the course of the previous session mainly carried out "enterprise training courses", "Senior management Training", forum and so on. In a 2006-year MBA program at Mundell International Entrepreneur University, the University of Mundell has found a "partner", the International Open University in Asia (Macau), which has enrolled MBA students in the mainland since 2004, with tuition fees of 43800 yuan/person, All courses are completed at Mundell University campus in Beijing, and a further 5000 Hong Kong dollars will be paid in Macau for the degree of defense fee. Now the "partner" is replaced by the Xinhua Business School. Its vision to become a "world-class business school with Chinese connotation", the use of "public social support" model, Xinhua through its charitable foundation donated 500 million yuan to set up. Information, the Xinhua capital has been injected into the University of Mundell for one year, Mundell University has offered only one course, named "China Youth Entrepreneurship Leader Project". The project, jointly launched by the Xinhua School of Business and the University of Mundell, is a public education program for young entrepreneurs and innovative entrepreneurial groups across the country, offering a full scholarship in the form of a public offering, funded by the Xinhua Business School. But how the project enrollment, not mentioned in the project, "Two brands with a teacher team" became the status quo. The relationship between the two schools shows some degree of contradiction. First of all, Xinhua Tzu ChiAfter donating to the Minjiang College to set up the Xinhua business School, the Xinhua charitable Foundation only has regulatory powers over the funds, but the Xinhua charitable Foundation has injected the University of Mundell, which becomes the school's "director" and has the "dividend" power. But the two schools are now "merged", with the same office, the same faculty, and the projects in common. It is important to mention that, in the introduction of Mundell University, it is also mentioned that "the reorganization of the Mundell entrepreneur University will be mainly engaged in the MBA, EMBA, EDP Education and senior management Training Program", and that education and training is the work currently carried out by the Xinhua business School. Song Yixin, senior partner and deputy director of Shanghai New Hope Shanda law firm, said, "This is definitely a related transaction, depending on the aspect of the project, but the foundation is at least responsible for the false information disclosure." Unnamed industry insiders believe that, from all these indications, its modus operandi is likely to be, the University of Mundell using the Xinhua School of business Schools and other resources, such as tuition fees and other income, and Xinhua as a donor can participate in dividends, as a beneficiary. There are two major issues, one of which is that the University of Mundell is involved in illegal education, and the Xinhua charitable Foundation is suspected of participating in commercial operations. Recently, the daily economic news reporter went to Minjiang college to investigate, but did not receive any reply from the head of the school, while the Xinhua School of business to lead business trip for the refusal of the reporter's interview. Then the reporter tried to interview each other by e-mail, but the other side to "the College recently busy", once again refused to interview reporters. Alleged to have violated the founding tenet of the Foundation the "public social support" school model was once known as a groundbreaking event in China's higher education field. The business school currently offers two education programs for undergraduate education and entrepreneurship. In the description of enrollment information of undergraduate education in business colleges, undergraduate education is free of tuition fees, and 4-year tuition is fully funded by Xinhua Business School. Xinhua School of Business has now recruited two years, a total of 200 undergraduates, this group of students did get the business school 4 years of tuition-free, relatively, undergraduate education spending only a small part of the Xinhua School of Business is its immediate opening of the entrepreneurial MBA enrollment. In the enrollment brochure, there is a clear commercial requirements for candidates, "has created the enterprise, with certain enterprise management experience and prepare the entrepreneur, in the enterprise engaged in pioneering and innovative workers" become the first choice. Its full-time MBA program tuition fee is 160,000 yuan, 2012 Year plan enrollment 30 people, the in-service MBA project tuition is 200,000 yuan, plans to recruit 100 people, this part of the tuition has reached 24.8 million yuan. The Xinhua Business School has completed its 2012-year MBA enrollment, insiders said. However, the Xinhua business School has also given considerable support to the entrepreneurial MBA. With the support of the Xinhua Capital Charitable foundation, the Xinhua Business School has set up a "Xinhua Capital Venture Fund" to support students ' entrepreneurship, and all MBA students who have been formally enrolled and officially enrolled by Xinhua Business SchoolYou can enjoy the 200,000 ~100 million-dollar venture capital provided by the Xinhua business School and the Xinhua Charity Foundation. In addition to providing corporate philanthropy, entrepreneurial MBA students are eligible to apply for venture capital in the form of a business plan by submitting a business proposal to a start-up investment fund set up by the Xinhua group.