The School of Business and Management of the Hong Kong University of Science and Technology (HKUST Business School) today opened its Beijing Center in Financial Street in Beijing. The School will provide the much-needed international executive training to the burgeoning financial industry following China's accession to the WTO.
HKUST is the first and only academic institution invited by Financial Street Holding, the developer of the district to set up an executive education center there. The Beijing Center will be supported by the Beijing International Financial Training Center which coordinates executive development matters for Financial Street.
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The Beijing Center will leverage on the research and academic excellence of the HKUST Business School, which has been consistently ranked top in the Asia Pacific by London's Financial Times in its MBA, EMBA and executive education rankings. The Center opening follows on heels the latest annual global executive education survey by Financial Times which for the third consecutive years ranked the School the top provider of customized executive education in the Asia Pacific. The paper last year described the School as "...one of Asia's youngest but most respected business schools."
The Center's opening was officiated by Wang Gongwei, Chairman of the Board, Financial Street Holding, An Wenbin, President and Managing Director, Beijing International Finance Training Center, in addition to HKUST representatives including Prof. Paul Chu, President, Prof. Tony Eastham, Associate Vice-President (Research and Development) and Prof. K.C. Chan, Dean of HKUST Business School.
Officiating at the ceremony, Prof. Paul Chu said he was delighted with HKUST's continuous contribution to the development of the financial hub of the capital city. "Nationally, the University's vision is to contribute to the economic and social development of China. The establishment of the Center will provide us with a base to continue to advance learning and knowledge through teaching and research, in the heart of Beijing's business center."
"The new center will complement the University's other strategic establishments on the mainland, such as the Shenzhen-Hong Kong Industrial, Educational and Research Institution in Shenzhen, the Nansha IT Park in Guangdong, the Zhejiang Advanced Manufacturing Institute of HKUST in Hangzhou, and the newly opened representative office of the Business School in Shanghai," he said.
Prof. K.C. Chan, Dean of the HKUST Business School, thanked Financial Street Holding for the support of its various units in the setting up of the Beijing Center. He said the School was keen to play a part in learning and contributing to China, the world's biggest economic story.
"This Center will not only provide us with the facilities to teach and develop the human capital working in Beijing and its neighborhood, it will also be an important base to facilitate our professors in their pursuit of research related to China. This is an exciting development for the School and we believe much can be done and achieved with this Center in the future," he said.
The Beijing Center features purpose-built executive training facilities, including a classroom with a capacity for 50, break-out rooms, a lounge area and offices. It will organize both customized programs for companies and programs for open enrollment. It has already reached an initial agreement with accounting firm KPMG to offer programs for executives in the financial industry. Details are expected to be announced in due course.