You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

, , 14 2021 . /PRNewswire/ -- - HSBC (PHBS) EPAS European Foundation for Management Development (EFMD). PHBS Building;PHBS Master Program of Economics Re-Accredited by EFMD EFMD, 1971 , - . EFMD , -. - . PHBS, , , , . PHBS , 2018 . , PHBS , , Sargent Institute of Quantitative Economics and Finance, . (Thomas J. Sargent). , , EFMD 2009 PHBS 2011 EPAS , PHBS . EFMD -, Zoom , , , , , . , , , , , , - . , . , , . EFMD, PHBS AACSB AMBA, -: Association to Advanced Collegiate Schools of business (AACSB) Association of MBAs (AMBA). AMBA MBA -, AACSB , - . https://mma.prnewswire.com/media/1420580/PHBS.jpg SOURCE Peking University HSBC Business School

Answer: PHBS - P USA - English Espaa - espaol Polska - Polski France - Franais Deutschland - Deutsch Slovensko - slovenina