Plan Your Budget

Self-financing students should prepare enough money for their tuition fee, accommodation fee (see Attachment 1), living expenses and other expenses related to their studies and living in China. VISA and Mastercard are widely accepted in Chongqing. For your convenience, you may also convert foreign currency into RMB at the airport or the bank. We recommend you to exchange an amount of cash that is enough to cover your monthly living expenses as it takes several working days for the money transfer to be completed.

To cover the fees for your study and other living expenses in Chongqing, you need to prepare the following fees:

1. Tuition:

• undergraduate program 14,000 to 20,000 RMB per year
• Master program 21,000 to 35,000 RMB per year (Master of International Business: 49,000RMB per year)
• Ph.D. program 25,000 to 28,000 RMB per year (refer to CQU Fee Structure for details)

B. Accommodation: 4,500 to 5,000 RMB per semester for single room, 2,500 to 2,750 RMB per semester for a bed in double room (refer to CQU Fee Structure for details)

C. Physical Examination: around 400 RMB (subject to any change by physical checkup center).

D. Visa or Residence Permit: around 400 RMB per year (subject to any change by Chongqing Immigration Office).

E. Food: approximately 1,000 RMB per month

F. Transportation: around 300 RMB per mont

G. Mobile Phone Service: around 50 RMB per month

H. Internet: 50 RMB per month.

Make sure that your budget covers all these items.

Banking information

There are several banks near Chongqing University where you can set up a bank account after you have arrived in Chongqing. If you are planning to convert foreign currencies into RMB, the banks in Chongqing accept the following foreign currencies:

Pound Sterling, Hong Kong Dollar, American Dollar, Euro, Japanese Yen, Canadian Dollar, Australian Dollar.

Bank of China: http://www.boc.cn/

Many banks in Chongqing accept USD Traveler's Checks; however, it takes more than 40 working days to process these checks.

If you are planning to wire funds to your Chongqing bank account, do prepare some “on-hand” cash to cover short-term housing, meals and other expenses. To be on the safe side, we recommend you to carry the amount (of cash) that is enough to cover your monthly living expenses as it takes several working days for the money-transfer to be completed. Refer to the “PLAN YOUR BUDGET” for more information about the average cost of living per month in Chongqing.

Before you leave, please confirm your daily withdrawal limit with your bank.