The International Business School Suzhou, the Chinese university, has launched a new business school that aims to develop local talent in line with the rapid expansion of the financial services industry.

In a statement, IBSS said it is the first university in China to be recognised by the Chinese Ministry of Education with the right to award all degrees as dual U.K. and Chinese qualifications. It is also be the first business school in the country to have a Thomson Reuters Financial lab on site, offering students practice in real-time dealing in equities, bonds and other financial products.

IBSS is part of Xi'an Jiaotong-Liverpool University, which recently approved the investment of RMB280 million ($46 million) to construct two new buildings for the business school within the South campus. All programmes are taught in English and offer a Western approach whilst offering high engagement and interaction with Chinese businesses.

"China is on the cusp of change... As such, it is vital to the world economy. Students experience this transition in real time, gaining a UK/Chinese degree from both XJTLU and the University of Liverpool," said Professor Sarah Dixon, dean of IBSS, in a statement.

IBSS offers a range of undergraduate and postgraduate degrees in business and finance, including an international MBA for managers launching in early 2014.

Editor's note: This publication is keen to keep track of graduate/postgraduate courses relevant to the wealth management industry, as talent management is a key issue, so if readers want to let us know of new courses and developments, do please contact us at tom.burroughes@wealthbriefing.com   A list of such courses can be viewed here.