Article 34 Privately-run schools shall, in accordance with law, establish financial and accounting systems and assets management system, and keep account books in accordance with the relevant regulations of the State.

Article 35 Privately-run schools shall enjoy property rights of the legal gersons in respect of the assets provided by sponsors to privately-run schools, State-owned assets, donated property and school accumulation.

Article 36 During the period of existence of privately-run schools all the assets shall, in accordance with law, be managed and used by the schools, and no organization or individual may take illegal possession of them.

No organization or individuals may, in violation of laws or regulations, collect any fees from privately-run institutions of education.

Article 37 The items and rates of fees to be collected by privately-run schools from educatees who receive education from academic credentials shall be worked out by the schools, submitted to relevant departments for approval and made public; and the items and rates of fees to be collected from other educatees shall be worked out by the schools concerned, submitted to relevant departments for the record and made public.

The fees collected by privately-run schools shall be used mainly for educational and teaching activities and the improvement of schools conditions.

Article 38 The use and the financial management of the assets for privately-run schools shall be subject to supervision by the examination and approval authority and relevant departments.