? Higher education implements the mechanism of giving priority to sponsors' investment, reasonably sharing the training cost by the educated, and raising funds through multiple channels in colleges and universities. The State Council and the people's governments of provinces, autonomous regions and municipalities directly under the Central Government shall, in accordance with the provisions of Article 56 of the Education Law, ensure the gradual increase of the state-sponsored higher education funds. The state encourages enterprises, institutions, social organizations and other social organizations and individuals to invest in higher education.

? The education administrative department of the State Council shall, jointly with other relevant departments of the State Council, set the annual expenditure standard of colleges and universities and the basic principles for raising funds according to the annual per capita education cost of students; The education administrative departments of the people's governments of provinces, autonomous regions and municipalities directly under the Central Government shall, jointly with relevant departments, formulate annual funding standards and financing methods for institutions of higher learning within their respective administrative areas as the basic basis for organizers and institutions of higher learning to raise funds for running schools.

? According to Article 63 of the Higher Education Law of People's Republic of China (PRC), the state implements preferential policies for the import of books and materials, teaching and research equipment and school-run industries by institutions of higher learning. The proceeds from industries run by institutions of higher learning or the transfer of intellectual property rights and other scientific and technological achievements shall be used for running institutions of higher learning.