Forum urges universities to evolve

Lu's university has opened a financial technology major to teach students to apply fintech in data security, anti-money-laundering and combating illegal capital flow. The university also introduces knowledge about big data for management and accounting majors, according to Lu.

Peter Dawkins, vice-chancellor of Victoria University in Australia, who attended the forum, says the university also conducted significant reform to cultivate talent for the 21st century. For instance, instead of opening the courses all together, the students now study one subject each time, focusing on it for four weeks before taking a new one. Each class has only 30 students, who have access to advanced online learning resources, Dawkins says.

The aim of the university is to boost one-on-one conversations between teachers and students, encourage students to be confident and independent and acquire the major skills needed in the modern era, such as problem-solving and entrepreneurship, he adds.