The university’s HSBC Business School will open just outside of Oxford next year, with its first intake expected in August 2018.

The largest intake to PHBS Oxford is expected to be students from the UK and Europe, but the school will also serve as an overseas campus for students from China. Visiting Chinese students will come to the campus starting the spring after it launches.

Just outside of Oxford’s town centre in Boars Hill, the Foxcombe Hall space will be the location of PHBS Oxford, which was once a regional centre for the Open University.

“It is our hope that the new initiative in Oxford will further strengthen the school’s international reputation as well as its teaching and research capabilities”

The campus will be housed over 3,600 square metres of floor space, and 15 acres of grounds.

Those enrolled at the business school will spend a year at the Oxford campus, and another year at the PHBS Shenzen campus, in the south of China.

“It is our hope that the new initiative in Oxford will further strengthen the school’s international reputation as well as its teaching and research capabilities,” commented Jianhua Lin, president of Peking University.

The new campus will offer master’s degrees in finance, management, economics and an MBA.

A Peking University news release said this development is a milestone for the university, and “for the development of China’s higher education, given its inferior position globally over the past century.”

“China is opening its higher education market to the world,” it said.

The HSBC Business School was founded in 2004, and Peking University will be celebrating its 120th anniversary next year.