Agricultural Bank of China scholarships
An agreement has been signed between the Agricultural Bank of China and the Cambridge Overseas Trust to provide scholarships to outstanding Chinese students taking Master’s degrees in Cambridge.
From 2012 the programme will each year support 10 exceptionally talented students from China, who would not be able to study at Cambridge without financial support. They will undertake 1-year Master’s courses in any subject. The scholarships will be known as the Agricultural Bank of China Cambridge Scholarships, and will cover all tuition and living costs.
Candidates must have received State Hardship Support while studying as undergraduates in Chinese universities, and priority will be given to students from Western China and ethnic minority Autonomous Regions. Within these groups, selection will be based on academic excellence.
The agreement was signed at the Agricultural Bank of China’s headquarters in Beijing by Pan Gongsheng, Executive Vice-President of the Bank, and Michael O’Sullivan, Director of the Cambridge Overseas Trust. It was witnessed by Christopher Wood, Deputy Head of Mission at the British Embassy in Beijing.
The Agricultural Bank of China was founded in 1951, and is now one of the biggest banks in the People’s Republic of China, with approximately 320 million retail customers, 2.7 million corporate clients, and nearly 24,000 branches. The Bank became a public company in 2010, via the world's biggest ever initial public offering.
Michael O’Sullivan commented: "As the University of Joseph Needham and Xu Zhimo, and with 750 Chinese students today, Cambridge greatly values its many connections with China. There will now be much greater opportunity for exceptional talents from less prosperous backgrounds to experience Cambridge, thanks to the support of the Agricultural Bank of China."