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Nobel Laureate Thomas J. Sargent Joins University in Shenzhen as the City Imports Top Scientists

By Editing NAI
06/14/2017 10:40 p.m.

As one of the world's most dynamic and innovative cities, Shenzhen’s efforts to bring in the world’s top scientists have been impressive in recent years.

Thomas J. Sargent, a Nobel laureate in economics in 2011, has recently joined the Peking University HSBC Business School in Shenzhen to set up the Sargent Institute of Quantitative Economics and Finance.

He is the first Nobel Prize winner that Shenzhen has imported in the field of humanities and social science.

Since last year, Shenzhen has set up four research institutions named for Nobel laureates -- the Grubbs Research Institute, the Shuji Nakamura Laser Lighting Laboratory, the Kobilka Institute of Innovative Drug Discovery and the Arieh Warshel Institute of Computational Biology.

Behind Shenzhen's great push to bring in top scientists is the need to develop the city’s higher education system. Though Shenzhen is home to about 10 higher-education institutions -- excluding vocational and technical schools -- it has just a few universities. A shortage of high-level talents has become an impediment to the city’s future development.

Obviously, the Sargent Institute of Quantitative Economics and Finance and the labs named after Nobel Prize-winning scientists will help improve the quality of higher education and the level of scientific research in Shenzhen and bring in a bunch of international high-level talents who will contribute to the city’s future development. Since the Big Data, cloud computing and artificial intelligence industries are highly developed in Shenzhen, which dovetails with the institute’s aim to apply AI and other innovative means to carry out economics research, Shenzhen can provide strong support for the institute’s development.

Source: yicaiglobal.com



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