This center was established at Tàixū's 太虛 behest by Táng Dàyuán 唐大圓 on April 14, 1929 as part of the revitalized Wuchang Buddhist Seminary 武昌佛學院. It was begun with the agreement and support (100-200 yuan/person) from the Seminary's former board of directors. In 1932, the army billets that had been located at the Seminary since 1926 were finally moved out of the old buildings and the rooms were returned to Seminary control.
The Center's organs included the Buddhist Studies Research Bureau 佛學研究部 and a library. The library was opened on September 25, 1932 and it and the Research Bureau were run by Fǎfǎng 法舫 from 1932 to 1936. During this period, the Research Bureau was home to 27 graduates of various Buddhist Seminaries 佛學院 in China. Among them were Huìjué 會覺, Zhīfēng 芝峰, Yìnshùn 印順, and Dàxǐng 大醒. A lecture series was run there from 1933 to 1934, with 29 lectures total.
The entire Center closed, along with the Wuchang Buddhist Seminary at the start of the Second Sino-Japanese War in 1937.
References:
Yú Língbō 于凌波, ed. Xiàndài fójiào rénwù cídiǎn 現代佛教人物辭典 (A Dictionary of Modern Buddhist Persons), 2 vols. (Taipei: Foguang, 2004), 811a-b.