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Contents

Dean’s Message 2

SEM Highlights 3

Programs 5

Research 9

Cooperation and Development 10

SEM Forum 11

AACSB International Conference Held at Tsinghua SEM 2007 SEM Undergraduate Enrollment: 15 Provincial No.1’sThree Academic Disciplines Accredited asNational Key DisciplinesTsinghua SEM Advisory Board Held its 8th Meeting Inaugural Tsinghua Global ManagementForum Held2007 Nobel Laureate in Economics Eric S. Maskin Conferred Tsinghua Honorary Professorship

TSINGHUA SEMNEWSLETTER School of Economics and Management, Tsinghua University Fall 2007 (No. 2)

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DEAN’S MESSAGE

I am delighted to present with you the latest issue of Tsinghua SEM Newsletter before the ending of the year of 2007. In the last issue we reported the news that Tsinghua SEM was awarded the accreditation of AACSB, becoming the first business school in Chinese mainland to achieve the accreditation. Between then and now, Tsinghua SEM has made new progresses, and I would like to highlight a few:

One is about the School’s undergraduate enrollment this year. We have been able to admit the best and brightest high school graduates across the country, and this year we have done particularly well: Tsinghua SEM has enrolled 15 provincial No.1’s, and over 40% of the incoming students are ranked among the top 10 in their home provinces in the College Entrance Exam.

In August, Tsinghua SEM’s academic capabilities were further recognized by national authorities as the three academic disciplines of “Management Science and Engineering” “Business Administration” and “Quantitative Economics”offered by the School were accredited by Ministry of Education as “National Key Disciplines”.

In October, the 8th Advisory Board Meeting of Tsinghua SEM took place on the School’s campus. One day prior to the meeting, the School hosted the inaugural Tsinghua Management Global Forum, which provided a platform for communications between the Advisory Board members and their Chinese counterparts in the business community. The forum was the highest-level forum of its kind that has ever been held in Tsinghua and is expected to be an annual event of the School.

As always, we thank you faculty, staff, students, alumni and friends of Tsinghua SEM for your contribution in various ways to the development of the School. It is the support from all of you who help make it possible to make the School progress continuously towards the goal of becoming a world-class school of economics and management. We, along with all of you, look forward to another exciting and productive year.

December 10, 2007

QIAN Yingyi Dean

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SEM HIGHLIGHTS

AACSB International Conference Held at Tsinghua SEM

2007AACSBInternationalWorldClassPracticesinManagementEducationConference,May21-22

2007TsinghuaManagementGlobalForum,October30

About 150 professionals in management education around the world gathered together in Beijing for 2007 AACSB International World Class Practices in Management Education Conference during May 20-22, 2007. The conference was the first one that AACSB has ever held in China. Tsinghua SEM, the first accredited school in Chinese mainland, earned the recognized accreditation in April. Under the topic of “The Perfect Balance of Growth and Quality”, the conference provided a platform for dynamic sessions presented by leaders from the academic, business and professional communities. The participants discussed the global and regional trends and issues in business and management programs, reviewed successful models for international strategic alliances, explored the process for evaluating and selecting potential partners, and shared their best practices in faculty management and development, student recruitment, and curricula identified through accreditation reviews worldwide.

SEM Faculty Awarded Major National GrantsProfessor BAI Chong-en from Department of Economics received Cheung Kong Chair Professorship in March. Up to now, two other Tsinghua SEM professors who also have received the positions are Professor CHEN Guoqing from the Department of Management Science and Engineering and Professor LI Daokui from the Department of Finance. Meanwhile, by September 2007, 14 programs initiated by SEM faculty received funding by National Natural Science Foundation and 2 programs received funding by National Social Sciences Foundation.

2007 SEM Undergraduate Enrollment: 15 Provincial No.1’sTsinghua SEM has enrolled 169 new undergraduate in 2007; 15 students among them are No.1 in entrance examination to colleges in their provinces and regions, accounting for 36.6% of all No.1 students admitted by Tsinghua University in 2007. Among the 169 new undergraduate, 72 are among the top 10 examinees in the entrance examinations in their respective provinces and regions.

Tsinghua SEM Dean QIAN Yingyi Assumes Presidency of Association of Asia-Pacific Business Schools Professor QIAN Yingyi, Dean of Tsinghua SEM has assumed his duties as

President of Association of Asia-Pacific Business Schools (AAPBS) on July 5, 2007. Prior to this, Professor QIAN Yingyi was Vice President and President-Elect of AAPBS. AAPBS is a regional and non-profit association initiated by 11 council member management schools across the Asia-Pacific region since 2004. Its aim is to provide leadership and representation in order to advance the quality of business and management education in the Asia-Pacific Region. So far, the association consists of 81 management schools and 17 council member schools, including Tsinghua SEM.

2007 Tsinghua Management Global Forum HeldThe inaugural 2007 Tsinghua Management Global Forum was held at Tsinghua University on October 30, 2007, bringing together more than ten elite business leaders from renowned international companies to discuss the hot issues concerning management. During the three sessions of the forum, panelists exchanged their insights and ideas on topics including “the Development of Financial System in Emerging Market” “Competitive Strategy in the Context of Globalization” and “Corporate Social Responsibility”. The forum aims at providing government officials, business executives and scholars a platform for closer communications on ideas and insights concerning management issues worldwide. It’s expected to become one of the influential events in international management community in the University.

2007 Annual Retail Forum HeldThe 2007 Annual Retail Forum, hosted by China Retail Research Center, Tsinghua SEM, was held on October 30, 2007 with the theme of “the Future of Retail Industry”. Academicians and industry professionals exchanged insights and cutting edged ideas on the future of retail industry at the forum. The annual retail forum has been held twice in the past and has become one of the most influential forums on retail industry.

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Tsinghua SEM Advisory Board Held its 8th Meeting Thirty-one members of the Advisory Board attended the 8th meeting of Tsinghua SEM Advisory Board on October 31, 2007. Later in the day, Chinese Vice Premier ZENG Peiyan met with some participants at the Great Hall of the People in Beijing. The Vice Premier expressed his appreciation for Tsinghua SEM Advisory Board’s efforts in supporting China’s reform and opening-up especially in China’s education development. He also confirmed that the Advisory Board has played a positive role in introducing advanced education mentality, enhancing teaching and research quality as well as creating more international ties for the School. Participants attending the meeting included Chairman of the Advisory Board, President and CEO of Wal-Mart Stores H. Lee Scott, Jr., and Chief Executive Officer of BP Tony Hayward, etc..

2007 Nobel Laureate in Economics Receives Honorary Professorship from Tsinghua2007 Nobel Laureate in Economics Eric S. Maskin was conferred the title of honorary professorship from Tsinghua University on November 8, 2007. The day also saw the reunion of Professor Maskin and his five Chinese students graduating from Harvard, who currently are all teaching at Tsinghua SEM. They are Professor QIAN Yingyi, Professor BAI Chong-en, Professor LI Daokui, Professor WANG Yijiang and Professor XU Chenggang.

2007 Nobel Laureate in Economics Eric S. Maskin and his five Chinese students

Chinese Vice Premier ZENG Peiyan meets with several Tsinghua SEM Advisory Board members, October 31

Eric S. MaskinInstitute for Advanced Study, Princeton, NJ, USA

SEM HIGHLIGHTS

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2007

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PROGRAMSACADEMIC DEGREES PROGRAMS

Three Disciplines Accredited as National Key DisciplinesThree disciplines offered by Tsinghua SEM were accredited as national key disciplines by Ministry of Education in August. They are: Management Science and Engineering (basic discipline), Business Administration (basic discipline) and Quantitative Economics (secondary discipline). In recent appraisal for national key disciplines conducted by Ministry of Education, 22 basic disciplines and 15 secondary disciplines offered by Tsinghua University are recognized as national key disciplines.

Five Project Proposals Approved by National University Students Innovative Research ProgramIn October 2007, five projects proposed by Tsinghua SEM undergraduates were approved by China National University Students Innovative Research Program. Launched by Ministry of Education in 2006, the Program aims to provide funding to students for innovative research projects in related areas and the students will take the lead in the research process, although facilitated by instructors. Each approved project will receive financial support of more than RMB 10,000.

Courses of “Entrepreneurship Management” and “Management Information Systems” Recognized by Ministry of EducationNineteen courses offered by Tsinghua University have been recognized as “The National Outstanding Classes 2007” as the selection result was unveiled in December. At the same time, Tsinghua holds the most number of recognized courses nationwide. “Entrepreneurship Management” and “Management Information Systems”, two courses offered by Tsinghua SEM are on the list of National Outstanding Courses.

Undergraduate’s Summer Field Trip From July 9 to 19, 2007, 152 SEM juniors, led by 19 teachers and 31 graduates, conducted a research in some of China’s rural areas. Their research focused on the theme “financial service in Chinese rural areas and the industrialization of agriculture”. The activity was sponsored by HSBC in accordance with the contract signed between HSBC and Tsinghua SEM in 2006. This year, the undergraduates traveled 31 counties of eight provinces in China, including Shanxi, Heilongjiang, Anhui, Jiangxi, Hubei, Jilin, Hunan, and Henan.

Tsinghua SEM Defends its Ninth Champion Title at Ma Yuehan Cup Tsinghua SEM successfully won the champion title in the 50th Ma Yuehan Cup Students Sports Meeting which closed on April 29, 2007. The School’s men’s and women’s teams both ranked No.1 in Group A competition, which made the School’s team group score came to the top among all competitors, winning the Ma Yuehan Cup for the ninth time.

Students visit a local coal mine in Shanxi Province during the 2007 undergraduate summer field trip

Tsinghua SEM defends its champion title at Ma Yuehan Cup

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MBA Study Trip in Suzhou, Shanghai and Hong KongNearly 100 MBA students went to Suzhou, Shanghai and Hong Kong as the MBA study trip program “On-The-Road” kicked off in July, 2007. Students in Suzhou talked with local enterprisers, about topics on “entrepreneurship and innovation”. In Shanghai, teachers and students visited renowned international companies like McKinsey & Company, Intel, Pepsi, Volkswagen, and Citigroup, etc.. And the Hong Kong trip focused on giving students an in-depth knowledge on various aspects of the society especially in financial and educational development of the region. The On-the-Road Program is an extension of Tsinghua SEM MBA’s classroom teaching, which aims at helping students broaden their visions, strengthen their practical capabilities and promote communications between government, companies and business students.

MBA PROGRAM

2007 MBA Orientation Kicks OffThe 2007 MBA Orientation kicked off on September 6, 2007. The opening ceremony was held at Tsinghua Science Park with 400 new MBAs participating in the event. Tsinghua has enrolled 412 MBAs this year, 356 of them from the Chinese mainland, 6 from Hong Kong and Taiwan, 50 from abroad. The international students come from diverse countries including South Korea, Japan, Singapore, Thailand, Malaysia, the Philippines, Australia, Colombia, Kenya, Spain, the United States, Britain, and Canada. With an average age 29.3, the participants have 6.2 years business experience on average.

Tsinghua SEM MBAs Attend Graduate Business Conference 2007Three student representatives from Tsinghua SEM MBA Program went to Singapore to attend the 25th Graduate Business Conference (GBC) held at the National University of Singapore during April 12-14, 2007. Tsinghua SEM was the first business school in Chinese mainland to be invited to attend the international gathering of business students and business professionals. During the conference, Tsinghua SEM MBA students gave an introduction on Tsinghua SEM to all the participants from diverse countries. At present, Tsinghua Alumni Association is applying for hosting the Graduate Business Conference (GBC), and it is expected that the conference will be introduced to China in the near future.

TsinghuaSEMMBAsattend25thGraduateBusinessConference

2007 Tsinghua SEM MBA orientation, September 6

INTEL visit, MBA study trip in Shanghai

SEM Leaders Attend National MBA Development Forum The 8th MBA Development Forum was held in Beijing during May 19-20, 2007. Executive Vice-director of China National MBA Education Steering Committee, Vice-director of Academic Commission of Tsinghua University, Professor of Tsinghua SEM ZHAO Chunjun, Executive Associate Dean of Tsinghua SEM Professor CHEN Guoqing, and Associate Dean of Tsinghua SEM Professor TONG Yunhuan attended the forum and delivered speeches. The forum was joined by nearly 1,000 participants including business students, business professionals, and deans of business schools from China and abroad. Tsinghua SEM MBA current student LI Jin was conferred the title of China Top 10 MBA Elite Figures at the forum.

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EMBA PROGRAM

Tsinghua SEM Ranks No.1 Among China’s Best EMBA Programs Tsinghua SEM has come to the top of the ranking of China’s Best EMBA programs by the Manager Magazine. The School has obtained highest scores in assessing indexes of participant’s satisfaction, recruiter’s comments and brand influence. The Manager Magazine has launched survey about Chinese Business School and issued “the Ranking of China Best MBAs” annually since 2004. It issued China’s EMBA ranking for the first time

in October, 2007. The result of the ranking was based on its polls on business schools, EMBA participants and employers.

Tsinghua SEM EMBA Provincial Alumni Associations FoundedTsinghua SEM EMBA program has seen more local alumni associations founded during the second half year of 2007. Newly founded alumni associations have covered Eastern, Southwestern and Northeastern parts of China including provinces and regions of Zhejiang, Anhui, Sichuan, Xinjiang, Guizhou and Jilin. The EMBA Program has trained more than 1700 students since it was launched in 2002. 19 local Tsinghua EMBA alumni associations have been established by December, 2007.

2007TsinghuaSEMEMBAgraduationforum,July18

TsinghuaSEMEMBAAlumniAssociation-LiaoningBranchfounded

Tsinghua - INSEAD Dual Degree EMBA Program Opens its First Class

Tsinghua - INSEAD Dual Degree EMBA Program Opens its First ClassTsinghua SEM and INSEAD have launched the Tsinghua - INSEAD Dual Degree EMBA Program (TIEMBA) on June 8, 2007. It’s the first program of its kind in China combining international business education with a focus on Asia. The first intake of the Tsinghua-INSEAD EMBA Program was a group of 43 experienced executives representing 17 different nationalities. The program is taught jointly by the two schools’ faculties and focuses on developing the participants’ leadership skills, building their global mindsets and sharpening their managerial experience. Divided into thirteen periods of four to six days, the program runs over 18 months on the campuses of Tsinghua University in Beijing, INSEAD in Singapore and INSEAD’s Europe campus in Fontainebleau. Upon successful completion of the program, participants will be awarded an EMBA degree by Tsinghua University and an MBA for Executives degree by INSEAD.

5th Tsinghua SEM EMBA Graduation Forum HeldTsinghua SEM professors, EMBA graduate students and their families gathered together at SEM International Hall as the 2005 EMBA Graduation Forum was held on July 18, 2007. The Tsinghua EMBA program, one of the best executive management programs in China, graduated its 163 students this summer. The 2007 EMBA graduation forum saw a high-level dialogue between Chinese enterprisers and academicians in economics community under four sessions divided by topics including “Enterprises’ Strategy and Development ” “ C o r p o r a t e Governance and Reform” “Global E c o n o m i c Integration and E n t e r p r i s e s Competition” and “Capital Market and Enterprises Development”.

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EXECUTIVE DEVELOPMENT PROGRAM

China-France Fashion & Luxury Management Salon Held at Tsinghua SEMChina-France Fashion & Luxury Management Salon was held at Tsinghua SEM on July 28, 2007. The event was co-organized by Tsinghua, Institut Francais de la Mode (IFM), HEC-Paris, and sponsored by Fashion Magazine, Sohu.com, attended by more than 100 professionals from fashion and luxury industry community. Participants exchanged their views on cultivating managing professionals of fashion industry and building world-class brands. Tsinghua SEM, IFM, and HEC-Paris have jointly developed an Advanced Management Program in Fashion and Luxury in 2006 and have graduated its first class of over 50 managers in March 2007. The program was the first of its kind in China.

Tsinghua SEM to Open Advanced Seminar in Chinese Cultural Relics AppreciationTsinghua SEM and China National Institute of Cultural Property have reached an agreement to jointly open an advanced seminar in Chinese cultural relics. The seminar will give a systematical introduction to students on Chinese cultural heritage; meanwhile, it offers opportunities of on-the-spot investigation and appreciation of precious Chinese cultural relics. The seminar aims to enhance the involvement of business professionals in cultural heritage protection and thus expand the social influence of cultural heritage protection as well as public awareness.

China-France Fashion & Luxury Management Salon, July 28

EDP Alumni Donates School Building for Children in Poverty-stricken AreasTsinghua SEM EDP Shenzhen alumni have donated a school building for children at Tianxin Houde Primary School in Anyuan County of Jiangxi Province. The construction started in July 2007 and completed on December 9, 2007. The donation was part of the aid program initiated by EDP Shenzhen Alumni in May, which aims to provide financial assistance to one primary school each year in China’s poverty-stricken areas. On the day to mark the building completion, representatives from the EDP alumni also donated desks, books, stationeries, and sports equipments to the school.

Signing ceremony for agreement on Advanced Seminar in Chinese Cultural Relics Appreciation, September 21

EDPalumnidonatesschoolbuildingforchildreninpoverty-stricken areas in Jiangxi Province

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Global Entrepreneurship Monitor 2006 China Report Issued The Global Entrepreneurship Monitor (GEM) 2006 China Report Forum took place on July 19, 2007 at Tsinghua Science Park. The National Entrepreneurship Research Center of Tsinghua University issued its third report on China’s entrepreneurship at the forum, major contents including “Studies on China Entrepreneurship” “Entrepreneurial Activities in China 2006”, and “A Comparative Study on China Entrepreneurial Environment”.

1st Annual Conference of Chinese Association for Political Economy HeldThe 1st annual Conference of Chinese Association for Political Economy was held during September 15-16, 2007. Co-organized by Research Center of Public Assets of Tsinghua SEM and School of Economics of Renmin University of China, the conference aimed to promote the academic communications within the political economy community and to advance research and teaching of political economy of China. Topics discussed during the meeting included “Methodology of Economics and the Development of Economics Discipline in China” “Labor Theory of Value and Capitalist Political Economy” “Chinese Economy: Political Economy of a Harmonious Society” and“Chinese Economy: An Empirical Analysis” etc..

2007 China City Entrepreneurship Monitor Forum Held in Macao The 2007 China City Entrepreneurship Monitor Forum took place on September 27, 2007 at University of Macao. The activity was co-organized by National Entrepreneurship Research Center of Tsinghua University and Macao MBA Association. The forum was the first of its kind in China targeting at the entrepreneurial activities at the city level. A report on 2007 Chinese city entrepreneurship monitor was released at the forum, studies focusing on differences of entrepreneurial activities and entrepreneurial environment between Chinese cities, features and trends of city’s entrepreneurship.

1st China Service Innovation Workshop Held The first China Service Innovation Workshop was held at Tsinghua SEM on April 12, 2007. It brought together scholars from more than 10 domestic universities and academic institutions, relevant government officials, and participants from businesses and the media. Speeches and discussions focused on four topics including “Service Innovation and Service Economy” “Innovation in China’s Typical Service Industries” “Knowledge Intensive Business Service” and “Enterprises’ Service Innovation”. The history of service innovation studies overseas is over twenty years, and China didn’t begin to conduct studies on this area till 2002. The conference is a first-ever gathering in China bringing together experts in service innovation to communicate with each other, aiming at summarizing the current domestic studies on service innovation, strengthening intercourses between scholars and formulating an academic community on service innovation studies.

2007 IESM International Conference HeldThe 8th International Conference on Industrial Engineering and Systems Management (2007) was held from May 30 to June 2. It’s the first time for the conference to be held in China. More than 240 participants from China and abroad discussed issues including “System Theory and Engineering System” “Marketing and Organizational

Behavior” “Logistics and Operation Management” and “Quality Accreditation” and “Information Technology”. Professor CHEN Guoqing, Executive Associate Dean of Tsinghua SEM served as the Co-chair of the Conference. Professor CHEN Jian, Chair of the Department of Management Science and Engineering served as member of the Process Commission of the Conference. Professor GUO Xunhua from the Department of Management Science and Engineering served as Co-chair of the Organizing Committee of the Conference.

MSOM 2007 International Conference Held at Tsinghua SEMTsinghua SEM hosted Asia’s first-ever International Conference on Manufacturing & Service Operations Management during June 18-19, 2007. Nearly 200 experts and scholars representing 20 countries and regions attended the top-level international conference in international management community, delivering 160 academic reports. Participants included a number of renowned scholars from world-leading universities such as Stanford, Walton, MIT, Columbia University, University of California-Berkley, and Duke University. Professor CHEN Jian, Chair of Department of Management Science and Engineering of Tsinghua SEM and Professor CHEN Fangruo from Colombia University served as Co-chairs of the conference.

2007 China International Conference in Finance HeldThe 2007 China International Conference in Finance (CICF2006) was held in Chengdu of Sichuan Province during July 9-12, 2007. The conference is co-organized by China Center for Financial Research, Tsinghua University and Sloan School of Management, Massachusetts Institute of Technology (MIT), U.S.. The conference organizing committee had received 652 academic papers, 196 among them were selected and discussed during the conference. The conference was seen by nearly 500 participants from China and abroad. As the highest-level international financial forum held in China, CICF has been successfully held for five times.

RESEARCH

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CCB Tsinghua Chair Professorship Fund LaunchedTsinghua SEM Overseas Exchange Program ExpandsStudents are having more opportunities to study abroad as Tsinghua SEM has expanded its student exchange programs with overseas universities. In 2007, 174 SEM students went abroad including 78 MBAs, 55 undergraduates, 25 graduates, and 16 Ph.D students. The number of exchange students has seen an increase of 55 % compared to last year. In addition, the School has welcomed a number of overseas delegations on the program of “Doing Business in China”, including 40 MBAs from Purdue University, U.S., 14 MBAs from University of North Carolina, U.S., 60 from New York University, U.S., 40 undergraduates from University of Michigan, U.S., 30 MBAs from Chinese University of Hong Kong, 25 International MBAs from Thammasat University, Thailand, and 6 MBAs from Nanyang Technological University, Singapore.

“Conducting Business in Chile/China”——Tsinghua SEM-Pontificia Universidad Catolica de Chile Exchange Program

A delegation of 12 Tsinghua SEM students led by Professor CHEN Guoqing, the Executive Associate Dean of Tsinghua SEM paid a 10-day visit to Chile in April as part of the short-term exchange program started by the two schools in 2006. The study trip was organized by Pontificia Universidad Catolica de Chile(Pontifacia Catholic University of Chile), hosted and sponsored by Banco de Chile. During their stay, Universidad Catolica de Chile and Banco

de Chile arranged a series of lectures, company visits, and cultural immersions to educate and familiarize Tsinghua SEM students of business, cultural and economic environment in Chile. In September, 17 MBA students and three professors from by Pontificia Universidad Catolica de Chile paid a 10-day reciprocal visit to Tsinghua. The agreement for Tsinghua SEM-Pontificia Universidad Catolica de Chile Exchange Program was signed in 2006. This is the first student exchange agreement Tsinghua SEM has signed with a South American educational institution.

Tsinghua-UTS Sports M.A. Program Graduates its 3rd Class

Tsinghua-UTS Sports M.A. Program graduated its third class of participants on October 27, 2007. As the first international master’s program in sports management in China, Tsinghua-UTS Program is a cooperative effort between Tsinghua University and University of Technology Sydney. Launched in 2003, the Tsinghua-UTS sports M.A. program is designed for senior managers with training and experience in international sports management. The M.A. program courses include such subjects as event management, sports marketing and analysis of the Olympic Games. The third class of Tsinghua-UTS Sports M.A. Program brought together many outstanding professionals in Chinese sports community. Most of the participants served on positions that have relations with Beijing 2008 Olympic Games.

COOPERATION AND DEVELOPMENT

CCB Tsinghua Chair Professorship Fund established

17 MBA students from Pontificia Universidad Catol ica de Chile Exchange Program and TsinghuaSEMteachersandstudents

China Construction Bank (CCB) made a donation to Tsinghua for launching the CCB Tsinghua Chair Professorship Fund as the agreement was signed between one of China’s largest commercial banks and Tsinghua SEM on July 5, 2007. Previously, CCB has sponsored on the establishment of “Tsinghua University CCB Scholarship”, and “Tsinghua University CCB Book Fund” in December, 2006. The CCB Tsinghua Chair Professorship Fund is regarded as an attempt for exploring a new pattern for cooperation between enterprises and institutions of higher education. The fund income will sponsor Tsinghua on inviting one renowned academician from abroad yearly to be Tsinghua SEM’s chair professor for English-taught classes.

CCFR and China Finance Online Announces Strategic Cooperation Tsinghua University China Center for Financial Research (CCFR) and China Finance Online Co. Ltd. announced strategic cooperation on September 19, 2007. The two sides announced that they would jointly develop a world-leading research platform through close cooperation in areas including finance database, talents training, products research and development and investor training, to promote the reform and development of China’s finance industry. At the press conference held on the day, China Finance Online announced it would make a donation worth RMB 10 million to CCFR, including RMB 3 million and a package worth 7 million which includes financial data and financial research terminals. Meanwhile, Professor WANG Jiang, Director of CCFR and Professor LIAO Li, Associate Dean of Tsinghua SEM and Executive Vice Director of CCFR were invited to be “strategic consultants” of China Finance Online Company.

GSR Bonus Fund for Innovation and Entrepreneurship Launched GSR Ventures and Tsinghua SEM signed an agreement to launch the GSR Bonus Fund for Innovation and Entrepreneurship on October 16, 2007. Since the agreement takes effect, the GSR Venture will make a donation worth of over RMB 10 million to Tsinghua SEM. The Fund was established aiming to support SEM faculty’s teaching and research in innovation and entrepreneurship areas, to award the winners in students entrepreneur contest, to support SEM young faculty members’ overseas studies, and to invite foreign professors and experts to China to carry out academic exchanges and deliver courses.

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Michael H. Moskow, President of the Federal Reserve Bank of ChicagoTopic: Formulating Monetary Policy in the U.S. and the U.S. Economic OutlookTime: March 26, 2007

Thomas J. Donohue, President and CEO of U.S. Chamber of CommerceTopic: The Role of Trade Associations in the United States-the Work that the Chamber Does in the Area of Capital Markets and Corporate GovernanceTime: March 28, 2007

Tommaso Padoa-Schioppa, Economy and Finance Minister of the Republic of ItalyTopic: The Economic and Institutional Performance of the European Union and the Italian CaseTime: April 26, 2007

Chad Holliday, Jr., Chairman of the Board and Chief Executive Officer of DuPontTopic: Mega Trends and Growth OpportunitiesTime: July 4, 2007

Douglass North, Nobel Laureate in Economics 1993Topic: A Conceptual Framework for Interpreting Recorded Human HistoryTime: July 12, 2007

Charles Handy, Major Founder of London Business SchoolTopic: The New Organization and Challenges for Future LeadersTime: September 20, 2007

Wayne Tsou, Managing Director of The Carlyle Group and Head of Carlyle Asia Venture and Growth CapitalTopic: Private Equity Creates Value for the Growing EnterprisesTime: September 28, 2007

Stephen A. Schwarzman, Chairman and CEO of the Blackstone GroupTopic: The Development of Private Equity Fund in China and Across the GlobeTime: October 30, 2007

Joe Tucci, President and CEO of EMCCorporationTopic: Are You Ready to be an Informationist?- View Information in a New LightTime: November 1, 2007

Yano Satoru, Chairman of the Board of Arrow Capital Management Topic: International Experience of Consumer Finance——The Operation of a Small- loan Company: Promise from JapanTime: October 17, 2007

WU Jinglian, Senior Research Fellow, Development Research Center of the State Council of ChinaTopic: Development of China After the 17th CPC National CongressTime: November 7, 2007

XIE Fuzhan, Director of China NationalBureau of StatisticsTopic: The Prospect of Chinese Economy After the 17th CPC National CongressTime: November 22, 2007

WANG Shi, Board Chairman of China Vanke Co., Ltd.Topic: Corporate Development and Corporate Social ResponsibilitiesTime: May 30, 2007

SEM FORUM

LIU Chuanzhi, President of Lenovo GroupTopic: Base Management in LenovoTime: June 6, 2007

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TSINGHUA SEM NEWSLETTER

To be a world-class school of economics and management,contributing academic knowledge that fuels the revival of the Chinese economy and cultivating business leaders for China and the world.

School of Economics and Management

Tsinghua University

Beijing 100084, China

Tel: (8610) 62785515

Fax: (8610) 62785876

www.sem.tsinghua.edu.cn