Educational Investment Fund of 6 Billion RMB to Promote Fortified Global Cooperation in China's Education

The delegation held a China-US conference in Washington DC with some influential representatives from American educational field including American Association of Colleges for Teacher Education [AACTE],  Stanford Centre for Assessment, Learning and Equity [SCALE], National Board for Professional Teaching Standards [NBPTS], AdvancED, the School at Columbia University, and Discovery Education, Inc. At the conference, about 30 prominent representatives from China and US educational, financial and educational industry fields were declared as the founding members to establish a China-US Educational Innovation Alliance.

In the meantime, CITIC Securities Merger and Acquisition Industry Investment Funds Management Co., Ltd., a branch of the largest financial holding group in China, plans to issue a RMB 6 billion educational industry investment buyout fund. It also intends to set an educational charity fund of RMB 100 million with the financial innovation center of Chinese universities such as Peking University.

These funds will help to introduce STEM courses, STEM subject teachers, and advanced teaching evaluation systems and other educational standards to China, boost the investment in and acquisition of excellent Chinese STEM schools and advanced educational curriculum technology enterprises, accelerate the global education standard accreditation of Chinese cultural education and featured Chinese STEM education, cultivate more Chinese teachers with global education accreditations and send them to the global platform with qualified competence, and to promote Chinese cultural education in the global market sustainably.

Emily Hu, President of IEEA [China], one of the initiators in the China-US conference, said that IEEA is a major founding member and organizer of the China-US Educational Innovation Alliance. From this year on, IEEA will organize more famous Chinese education industry investment funds and educational foundations to strengthen the specific cooperation between Chinese and the US educational institutes in K-12 education, including the standards and accreditation of teachers, principals, students, curricula, schools, and information and technology, and to facilitate Chinese investment in China-US education cooperation, including advanced American educational technology, excellent private schools, and online education, hence to promote the standardization, accreditation, curricular adaptation, and cooperation of traditional Chinese culture in the US and the rest of the world, and eventually to boost China-US cross-cultural exchange and cooperation in the area of education.

Dr. Sharon R Robinson, President of AACTE, the running organization of 'China-US Educational Innovation Alliance's base office in the US, was elected as the co-chair of 'China-US Educational Innovation Alliance'. She emphasizs the significance of China-US educational cooperation and exchange, and its sustainable operation. She also claims that 'China-US Educational Innovation Alliance' would become a China-US cooperation model with high efficiency in the educational field and financial investment fields with social impact. 

Mr. Yudong Liang, Trustee of China Internet Education Industry Fund and China Education Industry Investment Fund, the CEO of CITIC Securities Merger and Acquisition Education Industry Investment Funds Management Co., Ltd., introduces that the Chinese Private Education Promotion Law, promulgated in September, 2017, would bring very positive changes to Chinese education. CITIC Securities Education Industry Merger and Acquisition Funds joins and initiates the 'China-US Educational Innovation Alliance', with an intention to foster the capitalization of excellent Chinese educational projects. This year, it will issue an initial Chinese education industry investment buyout fund of RMB 6 billion, including China STEM education industry investment fund, China excellent teacher development fund, and China cultural education globalization fund. With these funds, he expects to establish influential Chinese K-12 schools with unique features and international contents. He also hopes that the schools could become demonstration institutes with worldwide education standard accreditation, and cultivate professional principals and teachers with global perspectives. In addition, he wants to accelerate the investment, merger and acquisition of excellent Chinese educational projects, and to promote educational innovation in China. 

Jiachang Wang, Director of Financial Innovation Center of Peking University Shenzhen Institute [FICPUSI], said that Peking University is a prestigious institute with global influence. Under the support of Shenzhen municipal government, with the joint efforts from banking, security, fund, and insurance associations in Shenzhen, Peking University Shenzhen Institute has established the first financial innovation center in China. With financial innovation, the Center intends to promote innovation in education industry and other social fields. FICPUSI is among the first Chinese founding members of 'China-US Educational Innovation Alliance', and serves as the Alliance's base office in China.

SOURCE Financial Innovation Center of Peking University Shenzhen Institute