China losing top-notch talent ‘at highest rate in world’; An average of 87 per cent of students in science and engineering stay overseas

June 7, 2013 Leave a comment

China losing top-notch talent ‘at highest rate in world’

Friday, 07 June, 2013, 12:00am

Bloomberg in Beijing

China losing its best talent at highest rate in the world, says official from working group

China is losing top-notch talent at the highest rate in the world as students who seek degrees abroad opt to remain overseas, the official People’s Daily reported yesterday.

An average of 87 per cent of students in science and engineering stay overseas, the newspaper said, citing an official from a government working group on talent. China needs to compete better for human talent, the report cited the official as saying.Young Chinese have flocked to overseas schools in search of degrees. The country’s policy of limiting many couples to one child and its growing wealth mean middle-class families can afford tuition in the United States and other countries such as Britain and Australia that far exceeds the costs of Chinese universities.

Chinese citizens now account for the largest proportion of foreign students at American universities, the Institute of International Education said in a November report.

Chinese enrolments at US universities in the 2011-2012 academic year increased by 23 per cent, it said.

The country lacks high-level innovative and entrepreneurial talent, the People’s Daily cited the official as saying. Investment is not sufficient and institutional obstacles have not been eliminated, it said

Filed under Macro Trends

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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