Promotion of China's Education Reform with the Accelerated Cooperation of Educational and Financial Capital

There is a growing trend of conglomeration, financialization, and internationalization of over 20,000 Chinese private schools. There is also an acceleration of marketization and financialization of the large educational curricula for over 200 million students and 20 million teachers in China.

How can we make a deep integration of Chinese education and capital so as to promote educational innovation and development? How can the capital community explore the educational financial market in trillion scales?

On September 24, 2016, in Nansha district, Guangzhou, the first Institute for Educational Industry Capitalization (the "Institute") based on a model of industry-university-research-capital was jointly established in Peking University Shenzhen Institute and South China Normal University.

The Institute was made possible with the support of government financial sectors and the participation of financial institutions, banks, trusts, foundations, insurance companies and guidance from the Overseas Training Office of the Ministry of Education (MOE), the Education Management Information Center of MOE, and the National Center for School Curriculum and Textbook Development of MOE.

The founding of the Institute also marked the launch of Chinese cultural C-STEM educational curriculum standards, new types of teacher training, and the establishment of talent incubation in Chinese education capitalization. It is the first national, cross-border cooperation of government, finance, investment, education and international units.

Jointly participating in this launch event were:

• Mr. Wu Yingmin, Vice President of the Chinese Society of Education, and President of the Association of Principals of Guangdong Province;
• Mr. Liang Yudong, manager of China Internet Education Industry Investment Fund;
• Mr. Chen Xianzhong, secretary general of the Banking Association of Shenzhen;
• Mr. Wang Jiachang, director of the Impact Investment Center of Peking University Shenzhen Institute;
• Ms. Wang Hong, director of the Overseas Training Office of MOE, and dean of the School of Professional Development and Research on Primary and Secondary Education, South China Normal University;
• Emily Hu, President of the Ivy Elite Education Association (IEEA) (China);
• Executives of China financial innovative sectors of China Construction Bank, Industrial and Commercial Bank of China, Bank of China, the Agricultural Bank of China, China Citic Bank, Bank of Shanghai, Ping'an Trust, Chang'an Trust;
• Representatives of Guangzheng Hang Seng Security, Hong Kong Fok Ying Tung foundation, and the China Intangible Cultural Heritage Protection Fund;
• Dozens of Principals from public and international schools, the Bureau of Education of Guangzhou Municipality, the Bureau of Education of Shenzhen Municipality, the Affiliated High School of SCNU, Guangdong Guangya High School, and Shenzhen High School;
• And other renowned professionals in education, finance, investment, and foundations.

This distinguished group of education professionals witnessed a moment of joint innovation in China's education and financial capital and a new era of China financial organizations' joint innovation in the educational industry.

In the coming years, China's educational industry market can reach over RMB 1 trillion, the largest in scale and fastest in development of all industries. This, undoubtedly, provides a broad market development space for China's educational industry capitalization.

Mr. Wu Yingmin concluded that the Institute, with the foundation governance model, will gather the quality professional resources and talents globally in educational, industrial, and financial capital fields to make joint exploration to promote diversified capitalization of China educational industry.

The Institute will especially focus on exploring the theory system of China's non-government educational industry's capitalization, integration and international development. It will also promote the marketization and financilization of China's quality education curricula (including STEM curricula), and make them easy to dissiminate. Meanwhile, it will motivate the establishment of an educational investment value evaluation system, and implement demonstrative project practices and case research of educational financialization products.

In the future, the Institute plans to release an annual TOP 100 list of investment educational programs (schools, courses), and an annual TOP 100 list of educators (principals, teachers) in China. They will be the first selection of quality educational resources and brilliant talents from China's educational field to combine with financial implications and will have a deep impact in innovative value and cross-border cooperation.

Mr. Liang Yudong said, "The Institute will create a profound integration of social diversified capital with education, and gradually explore the cross-border cooperation and win-win system with diversified capital participation from government, enterprise, financial, investment, and education fields.

"It will generate educational financial products with unique characteristics. The Institute will also foster non-government education capitalization, educational curriculum marketization, educational market internationalization, and 'One Belt and One Road' education export development."

The Institute has already created sites in Guangzhou and Shenzhen, and the American site will soon be establised. Future plans include special industry-university-research-capital sites in Shanghai and Beijing.

Mr. Wang Jiachang noted that under the support of government financial sectors, Peking University Shenzhen Institute unites with financial associations like the Banking Association of Shenzhen to formally establish the financial innovation research center, which fosters new financial innovation on science, technology, and people's lives. Education is the most significant component in people's lives, so it has the greatest growth potential for financial capital innovation in this new and expanding industry.

The Shenzhen site will develop cutting-edge explorations of national investment organizations in the educational field, using the model of cross-border financial innovation products and cooperation in fields of IPO, asset securitization, investment, M&A, trust, fund, credit and insurance.

The Institute will cultivate cross-boundary leading talents in China education capitalization and will become the new industry business driving engine for the financial innovation practice in Shenzhen and China financial investment organizations.

Ms. Wang Hong said, "The Guangzhou site mainly aims to cultivate leading talents and core teachers with international accreditation in the Chinese education field. It also helps to foster the establishment of Chinese C-STEM curriculum standards, curriculum intellectual propertization, and IP capital export.

"It establishes a platform for Chinese C-STEM curriculum global transactions and the spreading of capitalized product exchanges. It fosters the collective and international development of Chinese education, the export of China's cultural education curriculum, and the reform and innovation of Chinese education."

Emily Hu said, "With the participation of more Chinese financial investment organizations such as banks, trusts, and funds, the Institute will continue to explore excellent American educational resources suitable for the Chinese educational field."

The Institute will also introduce globally advanced educational standards, accreditation and evaluation systems, and matched educational training, and curriculum systems (including STEM courses).

The American base will promote the internationalization of Chinese culture curricula, which will be of great value for long-term and sustainable cooperation and exchange among Chinese, American, and global education.

Photo - http://photos.prnewswire.com/prnh/20160927/412178

SOURCE Shenzhen Innovation Corporate Social Responsibility Development Center