PHBS Opening a Campus in UK: Setting its Global Roadmap - A Turning Point for Chinas Higher Education
In September 2016, Times Higher Education, the world’s leading higher education magazine, based in London, released its World University Rankings 2016-2017. As one of China’s flagship universities, Peking University has improved its position––currently at 29th in the world compared with 42nd the previous year.
Higher education in today’s globalized world has become highly competitive. Universities in Asia (including Peking University) and the West continue to create global cross-degree and campus partnerships. For example, following the Brexit vote the EU and the Great Britain have become more competitive in their desire to enhance their relationship with China, creating favorable chances for the global presence of China’s higher education institutions.
Within this context, Peking University HSBC Business School (PHBS) has taken a bold step to invest in a new campus in the UK. Not only is this new investment a milestone for PKU but also for the development of China’s higher education, given its inferior position globally over the past century. China is opening its higher education market to the World. Since the University of Nottingham established its campus in Ningbo in 2004 as the first Western University entrant to open its campus in China since reform, more Western universities have opened up their campuses in China to compete directly with Chinese domestic universities.
The opening of a new campus by PHBS will mark a turning point for the trend of China’s higher education development. “It is our hope that the new initiative will further strengthen the school’s international reputation as well as its teaching and research capabilities,” commented Peking University President, Prof LIN Jianhua. Further, the founding dean of PHBS and vice chairman of Peking University Council, Prof HAI Wen remarked, “It is of great importance to PHBS’ further internationalization, and this initiative aims to facilitate academic exchanges among China, UK and Europe.”