A contract was signed between the Hongkong and Shanghai Banking Corporation Limited (HSBC) and the Tsinghua School of Economics and Management (SEM) on March 18 to aid Tsinghua students and teachers in conducting research on financial development in China’s rural areas.

HSBC will donate a total of 10 million RMB to SEM over the next three years. Sir John Bond, Group Chairman of HSBC Holdings Plc and Advisory Board Member of Tsinghua SEM, Mr. Chen Zuoer, Deputy Director of the Hong Kong and Macao Affairs Office of the State Council, Mr. Vincent Cheng, Chairman of the Hongkong and Shanghai Banking Corporation Limited, and Tsinghua Vice President and Dean of Tsinghua SEM He Jiankun attended the signing ceremony.