On the morning of December 5, 2015, the awarding ceremony of "Xu Buyun 8 Million Scholarship" was held in Xingzhi College of Zhejiang Normal University. Chairman Xu Buyun and Party Secretary Cheng Mingsong attended and awarded scholarships to the winning teachers and students, benefiting 75 teachers and students with a total scholarship of 200,000 RMB. The students are expected to "pursue knowledge, apply what they learn, pass on their love and pay back the society.

The "Xu Buyun 8 Million Scholarship" was established in 2010 to motivate students with good character and family financial difficulties to study hard and become useful talents in society. At the same time, it also motivates the outstanding teachers of Hsinchu College to devote themselves to teaching and educating people better. Each year, the Foundation will allocate 200,000 RMB to establish the "Xu Buyun Outstanding Student Award" of 160,000 RMB and the "Xu Buyun Outstanding Teacher Award" of 40,000 RMB. The total amount of the fund is 1 million yuan, benefiting more than 380 teachers and students.

In the afternoon, the 9th Zhejiang Province SME Summit jointly organized by Zhejiang Young Entrepreneurs Association and Zhejiang Normal University Xingchi College was held in the lecture hall of Xingchi College of Zhejiang Normal University, where more than 400 SME entrepreneurs from all over the province and part-time professors of Xingchi College gathered in Jinhua to discuss how to transform, upgrade and develop small and medium-sized enterprises under the new economic situation, and how to carry out innovation and entrepreneurship in the trend of "mass entrepreneurship and innovation". How to carry out innovation and entrepreneurship among college students in the trend of "mass entrepreneurship and innovation". At the meeting, Mr. Xu was appointed as a steering member of the Entrepreneurship Committee of ZJU together with Mr. Zhu Bin, Deputy Secretary of Zhejiang Provincial Youth League Committee, Mayor of Yiwu City and Mayor of Lanxi City.