Tsinghua crowned 'wealthiest'

Beijing-based varsity generates annual revenue of $1.93b in last fiscal year

Beijing's Tsinghua University, one of the two most prestigious institutions for higher education in China, has been crowned the country's wealthiest school, with annual revenues reaching 12.36 billion yuan ($1.93 billion), a new ranking said.

It was followed by Zhejiang University, Peking University and Shanghai Jiao Tong University, according to a list of the richest universities in China based on balance sheets from 76 varsities.