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Industry Research Institute of Shanghai Jiao Tong University founded

ACEM Office    2018-12-11

On December 8, 2018, the First China Industry Development Summit Forum: Celebrating the 40th Anniversary of Reform and Opening-up and the Unveiling Ceremony of the Industry Research Institute of Shanghai Jiao Tong University were held at Antai College of Economics & Management (ACEM), Shanghai Jiao Tong University (SJTU). 

Participants include Jiang Sixian (secretary of the Party Committee of SJTU), Xiong Qunli (chairman & Party group secretary of China Electronics Technology Group), Jiang Jianqing (chairman of China-CEE Financial Holdings and former chairman of ICBC), Xu Dingming (former director general of National Energy Administration under NDRC and counselor of the State Council), Wang Xinkui (former vice chairman of All-China Federation of Industry and Commerce and chairman & president of Shanghai WTO Affairs Consultation Center), Gu Feng (deputy secretary of the Party Committee of SJTU), Yang Yi (standing committee member of the Party Committee and director of the Organization Department of the Party Committee of SJTU), Wang Junhao (president of JuneYao Group), Lei Ping (chairman & editor in chief of National Business Daily), Xi Zhiyong (chairman of Cherish-Yearn Co., Ltd.), Chen Fangruo (dean of ACEM, SJTU), Yang Jie (secretary of the Party Committee of ACEM, SJTU), Wang Fanghua (former dean of ACEM, SJTU), together with nearly 500 scholars and students from inside and outside of the school. The event was hosted by Yang Jie. 

Secretary Jiang Sixian gave the opening speech, during which he reviewed the development history of the economics and management of SJTU and fully acknowledged the honors and achievements of ACEM. He pointed out that at the 40th anniversary of Reform and Opening-up, the original intention of this forum is, using industry research as a lever, to further get back to the origin of the development of business school, help ACEM find a balance between theory and practice, meet industry needs actively and avoid being trapped in the vicious cycle of academic self-loop. Secretary Jiang announced on behalf of the school the founding of the Industry Research Institute of Shanghai Jiao Tong University and the appointment of Professor Chen Fangruo as the dean.  

Jiang Sixian, Xiong Qunli, Jiang Jianqing, Xu Dingming, Wang Xinkui, Gu Feng, Wang Junhao, Lei Ping, Xi Zhiyong, Chen Fangruo and Yang Jie jointly unveiled the plaque for the Institute, and every participant witnessed this exciting moment together. Professor Chen Fangruo, dean of ACEM and the Industry Research Institute, gave a speech titled "Back to Origin, Reviving Business Studies" first. Chen discussed the root of business school and the future road of reform of Antai. He emphasized that the basic strategic planning of a business school is to build a triangular environment of scientific research, teaching and business, and its core competitiveness is the creation of knowledge. He reviewed the development history of business schools in the world and indicated that the main problem confronted by business schools is the disengagement of theory and practice, with the business circle ignored in the service objects of knowledge creation. Therefore, he said that interdisciplinary longitudinal studies should be developed, and a "business ecosystem" and a diversified evaluation system should be built based on the industry research platform, so as to help business schools get back to the origin of trinity of scientific research, teaching and business practice. 

Jiang Jianqing, chairman of China-CEE Financial Holdings and former chairman of ICBC, said in his speech that the reform and development of financial sector played a vital role in the great achievements over the 40 years of China's reform and opening-up. He reviewed the evolution of China's financial sector over the past four decades, summarized the valuable experience, analyzed the evolution of global financial sector since the financial crisis and drew the conclusion that China's financial sector must stick to the road of high-quality and sustainable development. He emphasized that China should stand to the origin of financial service real economy, persist in reform & opening-up and innovative development, continue to strengthen risk management and internal control management, thus realizing the high-quality transformation of China's finance. 

Xu Dingming, former director general of National Energy Administration under NDRC and counselor of the State Council, gave a speech titled "Digitalization empowers energy revolution" on behalf of the energy industry. Xu provided a lot of interesting cases to show the grand revolution process of digitalization, and emphasized that the era of intelligence has begun and the research institute should read the top articles in the world and keep up with the world's most advanced paces. 

Wang Xinkui, former vice chairman of All-China Federation of Industry and Commerce and chairman & president of Shanghai WTO Affairs Consultation Center, gave a speech titled "Why do business schools in university need to get involved in industry research?" Wang said that the goal of the industry research by business schools in China is to discover the inherent law and trend of industry development, find the equilibrium point between the efficiency of industry regulatory policies of government and the national security, and provide alternative improvement proposals. Finally, Wang Xinkui summarized the experience of industry research by combining with his own experience in bio-pharmaceutical industry. 

Wang Junhao, president of JuneYao Group, believed that private enterprises should first grasp the direction of national strategic development and choose the positioning at the right time and place. Then they should review the industry against the international background, to define the goal and path for industry development. For further industry research, he said that the integration of politics, production, learning, research and practice is the breakthrough point for development of private enterprises. 

Xi Zhiyong, chairman of Cherish-Yearn Co., Ltd., gave a speech on the changes in pension industry. He said that now with the increase of policy support, the problem of innovation in pension industry is the insufficient knowledge of the managers and the limitation of new comers in industry knowledge and research. Finally, he stressed that the future trend of industry development is to build the industry research center for pension industry and catalyze the change in pension industry through the integration of production, learning and research. 

In the future, the Industry Research Institute of Shanghai Jiao Tong University will be based on systematic and comprehensive industry research, break the academic barriers, get back to the origin of development of business school, and form a positive cycle of practice, academic research and teaching. Antai seeks to have a new and better understanding of academic studies through the model of industry research institute. With industry as the carrier, it will study the inherent law and future trend of industry development, break the barriers between disciplines and build a diversified academic evaluation system. The relationship between practice and theory will be balanced for business schools by changing the bad trend of academic research through value judgment and cultivating industry leaders through industry research.