One of China’s leading tertiary institutions has created what it’s billed as the first fintech EMBA to coincide with the launch of the Greater Bay Area policy in Guangdong province.
On 23 February the Tsinghua University School of Economics and Management and the China Capital Market Institute (资本市场学院) officially launched the new fintech EMBA in the southern Chinese city of Shenzhen.
“The growth of Shenzhen’s digital economy is at the forefront not just nationally but globally, and the founding of the project will cultivate leading talent for the creation of fintech in Shenzhen and the establishment of a fintech ecosystem unique to Shenzhen,” said Professor Chen Yubo (陈煜波), vice-head of Tsinghua’s School of Economics and Management and chair of its Center for Internet Development and Governance (CIDG) to Science and Technology Daily.
The establishment of the fintech EMBA arrives just following the launch of the Greater Bay Area policy by the Chinese government, which stresses the role of Shenzhen as a leading hub for the fintech sector.
According to the “Guangdong-Hong Kong-Macau Greater Bay Region Digital Economy and Talent Development Research Report” (粤港澳大湾区数字经济与人才发展研究报告) jointly produced by CIDG and LinkedIn China over 25% of university graduates in the Greater Bay Area have international study experience, while over 30% have qualifications at the research degree level or greater.
Finance is the leading field of specialisation, while experts in computer science and electrical engineering are also well represented, providing an outstanding foundation for the fintech sector in southern China.
“In terms of developing a multi-tier capital market and comprehensive financial system, Shenzhen possesses unique advantages given its position in the Greater Bay Region of Guangdong, Hong Kong and Macau, said Chen Yubo.
“We are currently undergoing a digital shift in the global economy, and a great number of undertakings will eventually depend upon human talent.”