What Can Chinese Universities Learn from American Universities About Endowment Management

This paper firstly reveals the importance of endowment in the development of universities and higher education, and then through comparing the endowment of Chinese universities with American universities in terms of the size, investment return rate, spending and so on concludes that the performance of endowment management in Chinese universities is comparable with US public universities but both of them are worse than US private ones. Consequently, this paper analyses the reasons behind the phenomenon and lastly make advice on the development of Chinese universities so that they can enjoy more endowment resources and adopt wiser investment strategy for the construction of university and for the development of higher education.