Chinese universities recently disclosed their annual reports, as required by the Ministry of Education.

Four - Tsinghua University, Zhejiang University, Peking University and Shanghai Jiao Tong University - have annual accounts worth more than 10 billion yuan ($1.6 billion).

University income comes from financial allocations from the government, teaching and research revenue and donations.

Let's look at the richest universities in China based on the amount in their annual accounts.

No 10 Sichuan University, 6.58 billion yuan

Ancient architecture accents Sichuan University’s Huaxi campus on May 11, 2013. [Photo/IC]