
![]() |
BEIJING, June 11 (Xinhua) -- Nobel laureate in economics Thomas J. Sargent has been tapped to head a Chinese university institute to conduct teaching and research on economics including the use of artificial intelligence and big data in financial analysis.
The Sargent Institute of Quantitative Economics and Finance was set up at the Peking University HSBC Business School (PHBS) in the southern Chinese economic hub of Shenzhen, said PHBS Dean Hai Wen.
He said with the institute the school will start offering a Ph.D. program in quantitative economics and a Master's program in finance specialized in financial technology.
Sargent, an American economist, was awarded the 2011 Nobel Prize in Economics for his empirical research on cause and effect in the macroeconomy. He teaches at New York University.
Hai said Sargent will be personally involved in the new Ph.D. program, teaching the course of advanced macroeconomics. The institute will also host a number of summer and winter projects to encourage wide participation of students in the financial research and academic debates.
Hai said the Sargent institute, among other researches, will study the use of artificial intelligence and big data in quantitative investing, asset pricing, and other financial analysis.
It will partner Shenzhen-based financial institutes and firms to provide them with tools to make better investment strategies.
Fire brigade in Shanghai holds group wedding
Tourists enjoy ice sculptures in Datan Town, north China
Sunset scenery of Dayan Pagoda in Xi'an
Tourists have fun at scenic spot in Nanlong Town, NW China
Harbin attracts tourists by making best use of ice in winter
In pics: FIS Alpine Ski Women's World Cup Slalom
Black-necked cranes rest at reservoir in Lhunzhub County, Lhasa
China's FAST telescope will be available to foreign scientists in April
"She power" plays indispensable role in poverty alleviation
Top 10 world news events of People's Daily in 2020
Top 10 China news events of People's Daily in 2020
Top 10 media buzzwords of 2020
Year-ender:10 major tourism stories of 2020
No interference in Venezuelan issues
Biz prepares for trade spat
Broadcasting Continent
Australia wins Chinese CEOs as US loses