University furthers partnership in China to share business acumen

September 14, 2017

President John P. Fitzgibbons, S.J., along with Provost Janet Houser and Salvador D. Aceves, senior vice president and chief financial officer, recently returned from China where they created new educational opportunities for Regis, its faculty and its students.

“We seek ways to globalize our faculty and students,” Aceves said. “We see Chinese firms emerging and assuming a greater role in business and technology. China’s health care reform is also creating a need for improvement in health care education.”

While in China, Regis signed a memorandum of understanding (MOU) with Longrich BioScience. Longrich is the largest cosmetics company in China, with trademarks in more than 180 countries. It also has research and development centers in the United States, France and Japan.

The MOU formalizes an already existing relationship. Currently, Regis is partnering with St. Louis University to deliver an Executive Development Program targeting the company’s top 100 distributors. Regis College of Business and Economics professors David Bauman and Aimee Wheaton will travel to China in November to teach the program’s third module to 100 Longrich students.

Aceves said the students likely will come to Denver next summer to attend class and participate in an end-of-program ceremony.

“The Longrich chairman shared how pleased he is with the classes and program. He welcomed its expansion,” Houser said. “The MOU is a commitment to explore executive education, not just in business, but also in health care and technology.”

Another important component of the trip involved Houser’s presentations to the senior leaders and nursing faculty at two top 10 hospitals in China regarding the status of health and elder care in the United States. Elder care is a major Chinese government priority. It is estimated that China could have more than 400 million people over the age of 60 by the year 2050.

“It’s just one more place in the world Regis is having an impact,” Fitzgibbons said.

Regis University is a premier, globally engaged institution of higher learning in the Jesuit tradition that prepares leaders to live productive lives of faith, meaning and service. Regis University has four campus locations in the Denver metro area and Colorado Springs with more than 11,000 enrolled students. For more information, visit www.regis.edu.

Photo caption:  Regis University President John P. Fitzgibbons, S.J., at right in photo, signs a memorandum of understanding (MOU) with Zhiwei Xu, chairman of Longrich BioScience, the largest cosmetics company in China.