German-Chinese partnership extended
The universities of the Bundesbank and the Chinese central bank have maintained a partnership for more than two decades. In the early years, cooperation with the People’s Bank of China School of Finance (PBCSF) at Tsinghua University, one of China’s best and most prestigious universities, was confined to lectures held in Beijing by three members of academic staff from the Bundesbank’s University of Applied Sciences. The partnership was first expanded to include a student exchange between the two universities in May 2014.
For almost ten years now, master’s students from the People’s Bank of China (PBC) have been participating in lectures during the International Week on Central Banking in Hachenburg. Every year, exchange students from Hachenburg spend two weeks at a PBC summer school in June or July. Together with students from Warsaw/Poland and Bratislava/Slovakia, the Chinese exchange students visiting Hachenburg are given a solid grounding in the topic of “Central Banking in the European Monetary Union”, while Bundesbank students learn about the financial world in China in the “Financial Leaders of Tomorrow” programme.
The summer school in Beijing offers our students an overview of current developments in the Chinese financial markets, said Rector Erich Keller.
The rector himself has been involved from the very beginning, having consistently held a week of lectures at the PBC School of Finance for almost twenty years now – including in November of this year. Together with representatives from the PBCSF, he participated in a signing ceremony to mark the continuation of the partnership for another two years.
As the PBC faculty’s teaching and research both focus on areas relating to central banking, our institutions complement each other well in the fields of monetary policy, financial markets and financial supervision. The continuation of our cooperation, especially the exchange programme, is therefore highly valued by both institutions, said Mr Keller.