Dear Vice President Wu, Dean Wang and Dean Saunders, Esteemed guests,
It is a great pleasure for me to be here with you on this special occasion.
On behalf of the Embassy of Canada, I would like to offer my sincere congratulations to both the Smith School of Business at Queen’s University and to the Hanqing Advanced Institute of Economics and Finance at Renmin University, for the opening of their 2018 Master of Finance Executive Class. It also marks 5 years of successful cooperation between Queen’s and Renmin on the delivery of this joint program in Beijing since 2014.
I am very pleased to see that, with the efforts over the past few years, the Program has not only been able to attract more and more young professionals in the finance industry but also extend its offerings to cater to the needs of senior executives active in China’s financial market.
Education is a key pillar in the Canada-China bilateral relationship, because international education exchanges create strong people-to-people links. These links increase our peoples’ understanding of each other’s values, enable greater cooperation, cultural and scientific exchanges, trade and investment, and aid our ability to mutually prosper in today’s global economy.
Canada and China have a longstanding history of cooperation in education. As China is celebrating its 40th anniversary of its economic reform and opening up, we are proud to share with you that Canada was one of the first western countries to engage with China on a large scale to help rebuild its teaching and research infrastructure in higher education.
As early as the 1980’s, the Government of Canada funded development programs that encouraged education ties with China, among which the Canada-China Management Education Program made a major contribution not only to the founding of the very first MBA programs at Chinese universities, but also to the establishment of national accounting and auditing standards in China. These are two important steps in the path of China’s social transformation and progress.
Today we are pleased to see this legacy continue as Canadian universities strengthen their partnerships with China by developing unique programs to satisfy your needs as high caliber, intelligent learners.
Queen's University has long been involved in educating business and finance professionals. They launched the first Commerce degree program in Canada almost 100 years ago, in 1919. By focusing on research, graduate teaching and intensive international exchanges and cooperation, the Hanqing Institute has built the world-class faculty which will be jointly teaching this Master of Finance program. We will be happy to support more high quality programs like this in the future.
As the Chinese financial industry opens its door to foreign investors, professionals with western finance knowledge and Chinese experience are greatly needed. With the current turmoil in the global economy, it becomes even more apparent that China is playing a critical role through its influence on the global financial stage.
It also becomes clear that those who have knowledge of both western and Asian markets have an important advantage over those who do not, and they are better equipped to navigate the difficult waters of global finance.
Also I would like to wish all the commencing students of the Class of 2018 good luck in their studies, and success and prosperity in their future. I hope this program will help you upgrade your skills for working in the financial field but more importantly help you expand your professional network here and in Canada. We count on you, as leaders in your field, to play an important role in helping the Canada-China relationship grow closer.
In closing, I would like to congratulate again Queen’s and Renmin University for their achievement, and to wish them another successful cohort.
Thank you very much.