May 17, 2013, Beijing—Cheung Kong Graduate School of Business (CKGSB) was pleased to welcome the newest members of its Executive MBA and Finance MBA programs at the school’s Opening Ceremony held in Beijing on May 17. The incoming class gathered 371 students coming from across China and representing a wide range of sectors and companies. Along with rousing speeches from CKGSB Founding Dean Xiang Bing and Associate Deans Teng Bingsheng and Wang Yijiang, we were thrilled to welcome Xia Bin—Former Member of the People’s Bank of China’s Monetary Committee, Director of the Finance Institute of the State Council Development Research Center and a Counselor of the State Council of China—as our keynote speaker.
In his remarks, Dean Xiang walked the students through the school’s decade-long history and its development plans for the next decade. As part of CKGSB’s innovations, Dean Xiang emphasized the school’s faculty-governed structure that is unique among its peers in China and CKGSB’s ability to recruit over 40 world-class professors, including chair professors from top schools worldwide. Moreover, CKGSB innovated beyond traditional business school’s scope by integrating the humanities—in particular religion and history—into the school’s core curriculum. Dean Xiang highlighted CKGSB’s research capabilities—evident among the 300 case studies that the school has produced on competition and cooperation in China, the global implications of China’s rise and the response of multinational companies. Finally, he stressed the impact of CKGSB’s alumni network—which comprises of over 6,000 students, among which more than half are at the CEO and Chairman level and collectively shape more than $1 trillion in annual revenue. How did the school achieve this? From the start, CKGSB aimed at the “top of the pyramid”—targeting China’s board-level decision makers—unlike most business schools that target the “middle of the pyramid” with MBA programs as their main focus.
What’s next for CKGSB? “We aim to become one of the most influential business schools in the world,” said Dean Xiang. We will target the next generation of global business leaders and offer them unparalleled insights into BRIC countries and East Asia. Moreover, we will foster a new model for the relationship between the state and business, and continue to innovate business management education with advancements in science and technology.
Dean Xiang also shed light on China’s reemergence and its implications. China’s economy is already the world’s second largest, and the country is becoming increasingly more capable of creating powerful enterprises. However, now the nation faces the challenge of creating world-class enterprises—such as IBM, GE and Siemens—that know how to compete on value and not only on price, how to go beyond the importance of science and technology to the development of the humanities and services. CKGSB’s management education is unique in that its courses are designed in light of the current transformation of China’s economic structure and environment, and they aim to foster entrepreneurial global perspective, global responsibility and global resource integration capabilities among students.
Following Dean Xiang, Xia Bin offered an in-depth analysis and trajectory of China’s economic development, focusing on structural adjustment. He explained that the current Chinese economy is undergoing a period of adjustment. The Chinese economy’s slowing growth will become the norm, which means that the country’s economic development has entered a new stage. Moreover, as Prime Minister Li Keqiang pointed out, “reform is the biggest dividend.” Xia also urged entrepreneurs to pay attention to reform and changes in the national economy, where they may find opportunities. “In the long run,” explained Xia, “as long as the reforms of China’s economy continue to deepen and accelerate, China’s future will be optimistic.”
CKGSB’s FMBA Program:
The CKGSB Finance MBA is tailored for rising managers in China’s fast-growing financial and industrial sectors, as well as entrepreneurs seeking a deep understanding of financial markets and best practices in corporate finance. The two-year part-time program is taught in Chinese and provides students with the strong foundation in the theory and practice of finance necessary for steady career growth and managerial development
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CKGSB’s EMBA Program:
Established in 2002, the EMBA is CKGSB’s flagship program and reflects the school’s innovative “top of the pyramid” approach to executive education. The program is a two-year, part-time Chinese-language program that prepares top business leaders in China to meet future professional and personal challenges. CKGSB EMBA alumni form the bulk of what has become the most influential business network in China. The EMBA program, noted by Forbes China in 2011 as delivering the best return on investment among China-based EMBA programs, enrolls a network of Chinese leaders that is second to none.
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Established in Beijing in November 2002 with generous support from the Li Ka Shing Foundation, CKGSB is a not-for-profit organization and China’s first privately funded and faculty-governed business school. The school offers innovative MBA, Finance MBA, Executive MBA and Executive Education programs. CKGSB has developed in under 10 years into a prominent business school with over 40 world-class professors, whose per capita publications in top journals of management was ranked 6th globally during the period of 2005 to 2011. CKGSB’s alumni include more than 3,000 Chinese business leaders at the CEO and Chairman level, whose companies together generated more than USD 1 trillion in revenue in 2011. This figure represents about 13.7% of China’s GDP. If the companies managed by CKGSB’s alumni network were a nation, it would be the 16th largest economy on earth.
For more information, please visit: english.ckgsb.edu.cn