Accreditations Support the PHBS Vision for Worldwide Recognition USA - English Share this article Share this article SHENZHEN, China, Jan. 14, 2021 /PRNewswire/ -- The Master of Economics program at Peking University HSBC Business School (PHBS) was recently reaccredited for the five-year period of EPAS accreditation under the European Foundation for Management Development (EFMD) accreditation system. PHBS Building;PHBS Master Program of Economics Re-Accredited by EFMD Founded in 1971, the mission of EFMD is to advance the development of management and business programs worldwide. Its EFMD program accreditation is recognized as the leading international system of quality assessment, improvement and accreditation of business programs. An accredited institution must enter a process of re-accreditation every three or five years to maintain its accredited status.