Can't get into Harvard? You may want to apply to Guanghua School of Management in Beijing. Fortune calls Guanghua School of Management at Peking University one of the best business schools in the world, despite being founded only in 1985. The school has 3,700 students from 50 countries, including the United States, and 110 full-time faculty, about two-thirds of whom have PhDs from the U.S. or Europe. This is what you should know about the school:
- Like most Western programs, this MBA takes two years and requires two years of professional experience before admittance in most cases.
- It offers part-time and PhD degrees.
- Like HBS, Guanghua relies on case studies and has sent 30 professors to HBS to learn about its case study program.
- It has exchange programs with 90 schools around the world, including Kellogg.
- Guanghua recently launched an entrepreneurship incubator which produces the most entrepreneurs in China.
Wells Fargo’s $444 billion asset management unit plans to double within seven years by expanding abroad. [Bloomberg]
KB Financial bid for the South Korean life insurance business of ING, which could be worth $7 billion. [Reuters]
A group of a dozen banks earned $1 billion on J.P. Morgan’s losses. [WSJ]
Asian prime brokerage units of Credit Suisse and BofA gained market share as Goldman and MSSB lost clients and assets. [Reuters]
Blackstone will buy Motel 6 for $1.9 billion as part of its real estate push. [WSJ]
Kroll Ratings is looking to overtake S&P for grading commercial mortgage bonds. [Businessweek]
KKR is raising $2 billion for its second Asia fund. [Bloomberg]
Hong Kong’s most popular IPOs perform the worst. [Businessweek]
Slide Show: Five Hedge Fund Stars, FIve Perspectives. [CNN Money]