Yenching Academy


The Yenching Academy is a postgraduate college of Peking University, located in Beijing, China. It hosts the Yenching Program, a fully funded global fellowship program, designed "to cultivate leaders who will advocate for global progress and cultural understanding." The Academy offers Yenching Scholars, selected annually from around the world, with full scholarships for one or two years of study leading to a master's degree from Peking University.
Inspired by the classical Chinese academies or shuyuan and the Rhodes Scholarship at Oxford University, Yenching Academy at Peking University will compete with Schwarzman College at Tsinghua University in China and similar global scholarship programs around the world.

Yenching Program

The Yenching Program—informally known as the "Chinese Rhodes Scholarship"—is a two-year fully funded global leadership program with a 2.7% acceptance rate designed to provide outstanding young scholars with a broad interdisciplinary postgraduate education that reflects global perspectives. During their studies, Yenching Scholars will live in Yenching Academy, a residential college of Peking University, built specifically for the program and modeled on those at Harvard and MIT in the United States and Oxford and Cambridge in the United Kingdom.

Yenching Scholarship

The Yenching Scholarship will provide students at Yenching Academy with full funding for their studies including tuition fees, accommodation, transportation, travel, and a living stipend. Annually, around 125 Yenching Scholars will be chosen through a competitive selection process that seeks future global leaders. Yenching Scholars will be "a diverse group of talented young leaders who demonstrate academic excellence, leadership, innovative thought, and a commitment to the betterment of society." Successful applicants will be elite students who have an excellent academic record and demonstrate outstanding leadership potential. Approximately 65% of the 100 inaugural scholars will be international students while the remaining 35% will be from mainland China. The Academy's first cohort of Yenching Scholars were from 47 universities, with the most numerous coming from Oxford, Harvard, Princeton, Cape Town, Cambridge, Stanford, Chicago, Leiden and Yale." Scholars represented 36 countries and regions, from Armenia and Australia to Vietnam and Zimbabwe.

Yenching Campus

Grounds

Yenching Academy's campus is located in the core of Peking University, specifically in Jing Yuan, an ancient Imperial Garden considered to the university's "historic and symbolic heart." It features six above-ground heritage buildings and a new ground-level complex which will stretch down multiple stories with access points and skylights throughout the garden.

Buildings

With feedback from the university community, the campus was designed by Gerald Szeto, a Beijing-based architect at Mo Atelier Szeto, who also designed the recently completed Stanford Center at Peking University. Previously at I. M. Pei & Associates, Szeto has 20 years of experience and is known for iconic structures such as the Bank of China Tower in Hong Kong, the Bank of China Head Office Building in Beijing, the Suzhou Museum and the Chancery Building for the Embassy of the People’s Republic of China to the United States in Washington, DC, US.

History

Announcement

Yenching Academy was announced in 2014 and established in 2015 by Peking University. It is expected the program will eventually grow from 100 students in the inaugural year to 200 students.

Competition

Funds

While Tsinghua Schwarzman expects to raise about 550 million USD from mostly foreign donors for its endowment, it is understood that the Peking Yenching endowment is even better funded through significant donations from Chinese philanthropists and special grants from the Chinese Central Government. For comparison, the Oxford Rhodes endowment is currently raising funds to increase its endowment from about 150 million USD to at least 200 million, as it expands to be more geographically inclusive. Meanwhile, the Cambridge Gates endowment currently stands at about 210 million USD, its original starting point. As a result of the increased competition among full-scholarship leadership programs, there has been marked growth in fundraising, with the endowments moving towards a half billion USD each. In 2016, Stanford University announced a competing program, Knight-Hennessy Scholars, backed by a 750 million USD endowment.

Programs

One major difference between the Yenching and Schwarzman scholarships and the Rhodes and Gates scholarships is that in the former two programs, scholars will be studying in an interdisciplinary residential community created for the program, whereas the latter two programs merely offer a scholarship to study in a regular program with other students at that university.
Upon graduation, graduates will receive one of the following degrees: Master of Law ; Master of Economics ; Master of History ; Master of Literature ; or Master of Philosophy in China Studies The first cohort of scholars have taken a range of paths. Roughly 30% continued to Ph.D. level studies at esteemed universities, while others are employed by Goldman Sachs, McKinsey & Company, Google, J.P. Morgan & Co., the Associated Press, the Boston Consulting Group, General Electric, HNA Group, NEO blockchain, Bank of Korea, the Chinese Ministry of Commerce, and more. All Yenching Scholars write a Master's thesis under the guidance of an adviser and defend it orally before an academic committee. In addition to a fully funded scholarship, scholars also receive a monthly stipend of $500 and round-trip airfare.

Controversy

Many of the Yenching program's features have generated controversy in China. The continued introduction of English courses, which in other colleges at Peking already make up a significant proportion of the courses offered, has drawn criticism for not being inclusive of Chinese culture and language. Additionally, the usage of the central Jing Yuan raised protests from students who were against the development of green spaces on campus. Graduate students at Peking have also found the shorter duration of the Yenching master's degrees to be unfair and expressed concern that Yenching degrees may eclipse their own in prestige. Students also found it unfair that the leadership program would allow interdisciplinary studies, which is still a rarity in China. Likewise, professors have been vocal about the inequity that Yenching professors will introduce to the professoriate.
The reaction among students and professors at Peking to the Yenching announcement is rather illustrative of the politically engaged open-minded nature of the university, where students historically played a major part in the New Culture Movement, May Fourth Movement, Tiananmen Square protest of 1989 and other significant events. In comparison, the reaction at Tsinghua to the Schzwarman program was rather muted, exemplifying its historical character as a politically correct technocratic school.

Launch

The scholarship program was developed with the strong support of leaders from top universities worldwide, including the present and past presidents of Stanford University, Cambridge University, Brown University, National University of Singapore, King Abdullah University of Science and Technology, the Harvard-Yenching Institute, and Peking University itself. The program was announced on 2014 May 5 at the Yingjie Overseas Exchange Center at Peking University with representatives — including 30 university presidents and 45 university vice presidents — from about 50 leading universities worldwide, such as Stanford University, the University of Chicago, the London School of Economics, Heidelberg University, Melbourne University, National University of Singapore, Tokyo University, Waseda University, Renmin University, Fudan University, and Zhejiang University, attending the ceremony. At the ceremony, Yenching Academy was inaugurated by Zhu Shanlu, former party chief of Peking University, and Wang Enge, former President of Peking University, along with prominent alumni and donors.

Motivation

International presence

The Yenching and Schwarzman Scholarship programs were designed to increase the global profile of Peking and Tsinghua, the two leading Chinese universities, "as the country seeks more influence in global education and greater international prestige befitting its economic rise." As China has become the world's largest country not only by population but also by production, it wants to develop an academic system equal to that stature. To do so, the programs will allow both universities to offer more courses bilingually, while supporting their efforts to attract top students from around the world. Additionally, the interdisciplinary nature of the programs will allow the universities to further innovate their curriculums to be broader and more adaptive. Based on the colleges' endowments, class sizes, and exceptionally low student-to-professor ratios, it is expected that pay for professors will compete with those at top institutions worldwide, such as the Ivy League, on a nominal exchange basis, while top Chinese universities currently pay on par on a purchasing power basis. This will enable the universities to attract top academics from around the world, as the universities continue with reforms to compete with academic institutions worldwide.

Yenching Global Symposium

The Yenching Global Symposium is an annual conference organized and hosted by current Yenching scholars in collaboration with Peking University. The Yenching Global Symposium provides a platform for emerging leaders, established practitioners, and Yenching Scholars from around the globe to engage in interdisciplinary dialogues on China through the unique lens of the Yenching Academy of Peking University.
Each year, the Symposium welcomes representatives from prestigious academic programs such as the Rhodes Scholars, Marshall Scholars, Gates Cambridge Scholars, Fulbright Scholars and other major fellowship recipients, as well as outstanding young professionals from the world's leading institutions. In March 2019, the conference drew delegates from 47 different countries. Past conference themes included , , and .
The theme of YGS 2020 is . As China’s interaction with the wider international community continues to develop, the two will need to redefine approaches to the world’s long-term sustainability challenges. Sino-Sustainability: Reimagining Global Solutions will explore how China’s experiences could impact the rest of the world by examining China’s approaches in fulfilling demand, allocating resources, and pursuing longevity.
The symposium draws on renowned speakers from academia, politics, industry, business, and other experts in related fields. Past opening keynote speakers were senior CGTN host Liu Xin,  one of the channel’s signature anchors, covering many major events in China and around the world. Other past speakers include author Adeline Yen Mah, Development Reimagined CEO Hannah Ryder, gender and economy researcher Dr. Alicia Giron, former career British diplomat Carma Elliot, and Director of Productions at Twentieth Century Fox Film Xiaoting Huo.

Leadership and governance

Peking University Yenching Academy has assembled an advisory council of leading academics and university administrators to lead and support the Academy and its Scholars. The Academy's executive administration is mostly drawn from other colleges and departments of Peking University.

Executive administration