Chulalongkorn University (Thai: จุฬาลงกรณ์มหาวิทยาลัย) (usually abbreviated as "Chula") is the oldest university in Thailand and has long been considered the country's most prestigious university. It now has nineteen faculties and institutes. Regarded as the best and most selective university in Thailand, it consistently attracts top students from around the country. It is named after King Chulalongkorn (Rama V), and was established by his son and successor King Vajiravudh (Rama VI) in 1917 by combining the Royal Pages School and the College of Medicine. Its campus occupies a vast area in downtown Bangkok, close to the popular teenagers' hangout, Siam Square, and adjacent to the most prestigious and private sports club, The Royal Bangkok Sports Club. The symbol of the University is the Phra Kiao, a royal insignia. Diplomas were traditionally handed out at graduation by the King of Thailand, created and begun by King Prajadhipok (Rama VII). But at present, King Bhumibol Adulyadej (Rama IX) delegates the role to one of his daughters, Princess Maha Chakri Sirindhorn.