Chinese University is nearing agreement on plans to build a campus in Shenzhen's Longgang district early next year to tap into the burgeoning Pearl River Delta. Business faculty dean, Professor Wong Tak-jun, said the university expected to seal a final deal with the Shenzhen municipal government later this year or early next year, having already signed a framework agreement for the new campus. Construction would begin soon after the deal was signed and students would be accepted two years later. The campus would have three faculties - business, engineering and science - and should have 10,000 students by 2020. The business school would be the first to be set up across the border by a Hong Kong institution, Wong said. 'A global business school is one with knowledge about China,' he said. 'We can do research in the Pearl River Delta, where hi-tech companies and numerous other enterprises are located, and benefit from it like Stanford University benefits from its location in the [San Francisco] Bay Area. Besides undergraduate education, we hope to offer Executive Master of Business Administration and MBA degree programmes.' He said the university would also put emphasis on character building, ethics and corporate social responsibility - areas he saw as essential for China's development. Seventy per cent of the future students would be from the mainland. The university's move comes as two American institutions are working to set up branch operations on the mainland. Duke University and Wuhan University have joined forces to establish the Duke Kunshan University about 60 kilometres west of Shanghai, which will begin operation in the 2012-13 academic year. New York University is also known to be planning to set up a branch campus on the mainland. Demand for business education among mainland students is growing strongly. This is backed by the 294 per cent rise in Chinese candidates for the Graduate Management Admission Test, used as a prerequisite for admission by about 5,200 management programmes at nearly 2,000 business schools worldwide. Chinese candidates sat for 40,069 tests worldwide this year.