[9] In February 1999, the Zhejiang Provincial People's Government implemented a reform to address the college's financial difficulties.

As a result, the institution was restructured into a privately managed, government-owned university and renamed Zhejiang Wanli Vocational College in November.

[11][12] Zhejiang party secretary Xi Jinping attended the campus inauguration ceremony.

The notice read: "Mourn, do not be numb, do not remain silent, do not turn a blind eye, do not forget."

At the bottom, a famous quote from writer Lu Xun was included: "May the youth of China rid themselves of apathy."