On December 16, 2019, the Minister for Innovation and Technology of Hungary – László Palkovics, and the rector of Fudan University – Xu Ningsheng, signed an agreement in Shanghai to establish the first foreign Fudan campus in Budapest. In mid-September 2020, there were also reports in the Hungarian media that the campus is to be completed by 2024 with a goal of educating 5-6 thousand students.