School of International Finance officially inaugurated
National Sun Yat-sen University has officially established the School of International Finance, the first school of this kind in Taiwan, and the result of collaboration between industry, government, and academia. The event was celebrated in a ceremony with the participation of Taiwan President Tsai Ing-wen, Kaohsiung City Mayor Chen Chi-mai, representatives of the Bankers Association of the Republic of China, and representatives of 22 financial organizations, who together aim to build a strong team of specialists in international finance in Taiwan. According to NSYSU, in addition to nurturing international financial talents, turning Taiwan into a center for corporate capital deployment and high-end asset management in Asia, and letting Taiwan’s finance succeed in the global market, the School of International Finance will also integrate Kaohsiung City’s 5G AIOT development. It will move into the 85 Sky Tower in the future to cultivate talents for the fields of industrial services, technology finance, and information security by combining cross-disciplinary finance and technology to continuously drive the city's innovation and sustainable development.
The School of International Finance at NSYSU will be open for enrollment at the end of March. The School is the result of an academia-industry-government collaboration between the National Development Council, Ministry of Education, Ministry of Finance, and Financial Supervisory Commission with the Taiwan Financial Services Roundtable, Taiwan Academy of Banking and Finance, relevant financial industry players, and National Sun Yat-sen University. The School equally focuses on financial innovation and practice. First, it established the Institute of Global Asset Management, and it will open microprogram modules in Sustainable Finance and Digital Finance to give students the opportunity to study across disciplines and to cultivate talents specializing in international asset management and international operation and management through innovative business model practices and EMI instruction.
In her opening speech, President Tsai Ing-wen said that the School of International Finance inaugurated at National Sun Yat-sen University is the first school in Taiwan established to develop the national key field of finance. Education is the key when training professionals, and professionals are the key to industry development. Especially in the post-pandemic era, when the global supply chain is being rearranged, the industry has to maintain the momentum of development, and so the demand for talents is even greater. President Tsai thanked NSYSU for its cooperation with the government’s policy and for its efforts in establishing the School of International Finance. A strong collaboration between industry, government, and academia will build an important platform for nurturing finance professionals for Taiwan.
President Tsai added that through the establishment of the School of International Finance, Taiwan can cultivate more professionals in the field of international asset management to expand the scale of wealth management business and to attract more international institutions and capital to Taiwan. Next, NSYSU is preparing to establish the College of Semiconductors and the School of Post-Baccalaureate Medicine. President Tsai wished that NSYSU can continue to grow and reach new heights, and hoped that industry, government, and academia will work together to contribute to Taiwan's financial development and reach new milestones.
NSYSU President Ying-Yao Cheng emphasized that besides professional knowledge in finance technologies, Big Data analysis, sustainable finance, the major features of NSYSU’s School of International Finance are its teachers, who have experience working in international financial institutions, courses taught in English, and a two-year business model innovation hands-on program designed to allow students to identify and define business problems and solve business model innovation problems faced by the industry and the financial sectors through case studies. President Cheng said that he believes that the School of International Finance can nurture more international asset management talents, expand the scale of wealth management business, attract more international institutions and capital to Taiwan, and inject new vitality into the Taiwan capital market for Taiwan to become the center of corporate capital deployment and high-end asset management in Asia.
Kaohsiung Mayor Chen Chi-Mai said that Kaohsiung has the best conditions for the development of financial technology and for becoming the financial capital of Taiwan, as it is located by the coastline, just like many of the world’s financial capitals such as Amsterdam, London, New York, and Sydney. Kaohsiung has not only joined hands with NSYSU and 22 financial institutions in Taiwan to invest in the cultivation of high-level talents in international finance, but also, the city has been setting up new innovation bases in different industrial axes over the past decade. The Startup Terrace, established by the central government, also opened at the end of last year, successfully attracting seven international accelerators to take up residence, and accumulating the innovative energy and entrepreneurial spirit of Kaohsiung. It is expected to become the best place for experiments in financial innovation.
Among the participating financial institutions were: Taiwan Financial Services Roundtable, Taiwan Academy of Banking and Finance, The Bankers Association of the Republic of China, Taiwan Cooperative Bank, Hua Nan Commercial Bank, First Commercial Bank, Mega International Commercial Bank, Chang Hwa Bank, Taiwan Business Bank, Land Bank of Taiwan, Taiwan Stock Exchange, Taiwan Depository Clearing, Taiwan Futures Exchange, Financial Information Service Co., Cathay Financial Holding (Cathay United Bank and Cathay Life Insurance), Nan Shan Life Insurance, IBF Financial Holdings, Sinopac Financial Holdings, Taishin Financial Holdings, Shin Kong Financial (Taiwan Shin Kong Commercial Bank and Shin Kong Life Insurance), E.sun Financial Holding, and Fubon Financial Holding (in random order).