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Excellent researchers of Chinese colleges and universities were rewarded in Hangzhou on Friday by a prestigious academic foundation for their outstanding achievements in the field of management study.

Former Chinese Vice-Premier Li Lanqing and chairman of Fudan management study promotion foundation attended the rewarding ceremony and granted award for the researchers.

Wang Zhongming, a professor of Zhejiang University, won the top price for his research and developments in the study of management psychology, human resources and industrial management.

The other two rewarded professors are Chen Guoqing from Beijing-based Qinghua University and Li Weian from Tianjin-based Nankai University.

The foundation was established in 2005 by Shanghai-based Fudan University.

(Xinhua News Agency November 3, 2007)