On March 27, senior leaders from the Industrial and Commercial Bank of China (ICBC) visited the House of Representatives as part of a customized business and finance program developed for the organization by the Executive Education division at Georgetown University’s McDonough School of Business.
The program began in November 2011 and consists of six months of classroom delivery, followed by four months of consulting projects with various American firms. The goal of the ICBC Advanced Management Program is to prepare the 24 participants to lead the branches that ICBC – the largest public bank in the world by market value, customer deposits, and profits – plans to open around the globe.
This was one of several site visits to organizations that Georgetown arranged to supplement the participants’ classroom learning experience. While on Capitol Hill, the group observed a House Finance Subcommittee hearing chaired by Representative Ron Paul (R-Texas) discussing the Federal Reserve’s role in assisting the European Central Bank in its intervention in the European Debt Crisis. The group also had the opportunity to meet Congressman and House Finance Banking Committee member Gregory Meeks (D-N.Y.) and to participate in a discussion with Congresswoman Carolyn McCarthy (D-N.Y.) on a range of topics, including U.S.-China relations, trade relations, banking reform, and U.S. domestic policy.
“The ICBC executives found the opportunity to get a behind-the-scenes look at Congress to be one of the highlights of their Georgetown experience,” said Arthur Dong, teaching professor and coordinator of the “Day on the Hill” event.