As a student inspired by his time at LSE, Zhao Chenning (MSc Accounting and Finance, 1997) had dreamt of continuing his studies with a PhD in his field. Though financial constraints limited his own dreams at the time, he has now made the opportunity possible for others in perpetuity, through a £1 million endowed gift towards scholarships for students from China.
The Anning Valley Zhao Scholarship will support a PhD student for four years of their programme in the Departments of Economics or Finance from academic year 2021/22.
"LSE has always been a good memory of my youth in pursuit of my academic interests in the 1990s. With greater financial resources at the time, I would have continued my PhD dream then,” Zhao said.
“I hope this scholarship can help alleviate talented Chinese students’ financial anxiety and give them confidence and a platform to pursue their academic interests wholeheartedly,” he continued.
Dr Brendan Smith, Director of East Asia and Global Academic Engagement at LSE’s Philanthropic and Global Engagement Division (PAGE), said, “We are delighted to receive this generous endowed scholarship from Chenning. We know it will benefit students, giving them the confidence to pursue academic leadership positions, which is very much in line with LSE’s commitment to excellence and social mobility. We look forward to inviting Mr Zhao to become a member of LSE’s Benefactors’ Circle.
The Chinese alumni community is one of the fastest growing among LSE's global network. There are active groups in Beijing, Shanghai, Shenzhen, and Guangzhou, with volunteers organising activities in these and other cities across the country, keeping in contact with the LSE family across China and around the world.”
Endowed scholarships secure the opportunity for future generations of exceptional students to come to LSE. Donations to an endowed scholarship are invested, and awards are distributed from the investment income. This means that the gift exists in perpetuity and can continue granting scholarships annually.