( 2009.01.01— 2009.07.18 )

NEWSLETTERSEM Alumni Among CCTV 2008

Top Ten Economic Personalities

"Sina-Chang’an" Forum Opened

at SEM

HSBC-Tsinghua "Financial Devel-

opment in China's Rural Areas"

Research Program Concludes

Master Program in Accounting

and Finance Launched

SEM’s New Administration An-

nounced

School of Economics and Management,

Tsinghua University

Spring 2009 (No.5)

CONTENTS

Dean’s Message

02

SEM Highlights

Programs

Teaching & Research

Cooperation and Development

03

04

07

13

15

16

19SEM Forum

Academic Conferences

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Dean's Message

03

2009 is the 25th year of the founding of Tsinghua SEM, since Tsinghua Univer-

sity School of Economics and Management has been formally established in

1984. This year would also be regarded as the 30th anniversary of the School

because Tsinghua University has established the Department of Economics

and Management Engineering and begun the enrollment of post-graduate stu-

dents since 1979.

During the past three decades, Tsinghua SEM has graduated more than

13,000 students in degree programs; the School also provided more than

30,000 students with non-degree courses at the mean time. Taking SEM as

a starting point of their new life journey, SEM alumni have made exceptional

contributions in China and even worldwide.

The top 10 influential people in China's economic realm were named at

CCTV's awards ceremony for the 2008 China Economic Annual Figures at the

beginning of 2009. Among the honorees, there are three SEM alumni. They

are SI Zefu, General Manager of the Dongfang Electric Corporation (SEM

MBA Class of 1993); CHEN Guangbiao, President of Jiangsu Huangpu Invest-

ment (EMBA Class of 2008), and LIU Shaoyong, President of China Eastern

Airlines (EMBA Class of 2002). Additionally, SI Zefu and CHEN Guangbiao

won the top prize in the awards. We feel quite honored for having them as our

alumni.

On the occasion of Tsinghua University’s 98th anniversary celebrations, Tsin-

ghua SEM issued its first alumni interview collections-“ The Lives of Tsinghua

SEM Alumni”. The book records thirty-nine SEM alumni’s life journey, including

their study and work experience, their life understandings, as well as mes-

sages to their juniors. And more stories about outstanding SEM alumni will be

published in the future.

The School cherishes every achievement made by SEM alumni. Tsinghua

SEM is always the home for you all.

Dean School of Economics and Management

Tsinghua University

July 6, 2009

SEM Alumni Among CCTV 2008 Top Ten Economic Personalities

("Sina-Chang’an" Forum opened at SEM, re-

nowned economist Wu Jinglian is the first guest

speaker)

"Sina-Chang’an" Forum Opened at SEM

On February 26, 2009, Professor Wu Jinglian, one of the most

prominent economists in China especially specializing in eco-

nomic policy, delivered a speech entitled "China's countermeas-

ures for global financial crisis" here at Tsinghua SEM. Drawing

more than 300 faculty members and students, Thursday's lecture

was the 148th speech of "Sina-Chang’an" Forum co-organized

by Chinese Economists 50 Forum and Sina Finance Channel.

Tsinghua SEM became one of the co-organizers for the forum

since this speech and relevant activities will be held regularly

here at Tsinghua SEM.

The 10 most influential people in China's economic realm

were named at CCTV's awards ceremony for the 2008 China

Annual Economic Figures on January 20, 2009. Among the

honorees, there are three SEM alumni. Si Zefu, General Man-

ager of the Dongfang Electronic Corporation (SEM MBA Class

of 1993); Chen Guangbiao, Chairman of Jiangsu Huangpu Re-

newable Resources Using Corporation (EMBA Class of 2008)

have been awarded as the Annual Economic Figures, and Liu

Shaoyong, General Manager of China Eastern Airlines (EMBA

Class of 2002) has been one of the candidates of 2008 CCTV

China Annual Economic Figures.

SEM Highlights

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(From left: Si Zefu, Chen Guangbiao, Liu Shaoyong)

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SEM Issues its First Alumni

Interview CollectionsOn the occasion of Tsinghua University’s 98th anniversary

celebrations, Tsinghua SEM issued its first alumni interview

collections-“Lives of Tsinghua SEM Alumni” (Volume I). The

book records thirty-nine SEM alumni’s life journey, including

their study and work experience, their life understandings, as

well as messages to their juniors. It has been 30 years since

Tsinghua SEM re-established. During this period, Tsinghua

SEM has trained tens of thousands of economic manage-

ment professionals, academics and business elite, who have

made outstanding contributions in different industries, dif-

ferent positions for the national development. Up to now,

more than 40, 000 students have studied at SEM during the

past three decades and they have made exceptional contri-

butions in diverse industries to national development and

social progress.

Chinese International Economic Exchanges Center Established, Dean Qian Yingyi Elected Exec-utive Vice-director of the Council

05

On March 20, the Chinese International Economic and Exchange

Center in Beijing held its first General Assembly which is the first

session of the Council as well. Professor Qian Yingyi, Dean of Tsin-

ghua SEM was elected Executive Vice-director of the Council. It is

reported that the Chinese International Economic and Exchange

Center is a national non-profit high-level consultative organization,

with the backdrop of the global financial crisis it has become the

China's top think tank, by the State Council Vice Premier Zeng Peiy-

an served as the original director, the Council members include the

government officials, well-known economists and entrepreneurs

who are well experienced in the economic management.

HSBC-Tsinghua "Financial Devel-opment in China's Rural Areas" Research Program Concludes

The three-year HSBC-Tsinghua "Financial Development in China's

Rural Areas" Research Program has successfully concluded as the

program workshop 2009 was held on June 13. The conclusion

report of the program “Financial Development in China's Rural

Areas” was released at the workshop. The HSBC-Tsinghua "Finan-

cial Development in China's Rural Areas" Research Program was

launched in March, 2006. The HSBC has sponsored Tsinghua

with a funding of RMB 10 million on this program which runs

for three years. Over the past three years, a total of 610 faculty

members and students have participated in the program. Stu-

dent collected a large amount of valuable data through their

investigation and research on more than 5100 households, over

150 enterprises and more than 150 financial agencies; their

trips have covered 16 provinces/regions, and 72 cities/counties

respectively located in northwestern, northeastern and middle

part of China. Their research reports have been collected in the

book "HSBC-Tsinghua SEM undergraduate research program on

financial issues in China's rural areas"(three volumes).

Tsinghua SEM’s new administration has been

announced on June 24 at the School’s faculty

and staff assembly. Qian Yingyi continues to

serve as Dean of Tsinghua SEM. Chen Guoqing,

Liao Li, Bai Chongen, Xia Donglin serve as As-

sociate Dean of the School. Yang Bin serves

as Secretary of SEM CPC Committee, Zhu Yan,

Zhao Dongqing serve as Deputy-Secretary of

SEM CPC Committee. Mao Bo, Gao Jian, Wang

Jun serve as Assistant Dean.

SEM’s New Admin-istration Announced

Master Program in Accounting and Finance Launched

Tsinghua SEM has launched the master’s pro-

gram in accounting in 2009. Applicants are

required to be people who have applied to

Tsinghua University and passed the prelimi-

nary examination for post-graduates. The first

intake will include 30 students. Meanwhile, the

School has launched its master program in fi-

nance and the first enrollment will begin next

year.

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(HSBC-Tsinghua "Financial Development in China's Rural Areas"

Research Program Workshop)

TSINGHUA SEM NEWSLETTER SPRING 2009

Tsinghua University has won the second place

in the Global Business Plan Competition in

Bangkok during February 25 to March 1; mean-

while it also won the award for Best Business

Plan and the award for Best Presentation. Five

team members are all senior students of Tsing-

hua University and will become the students of

School of Economics and Management study-

ing master’s degree in 2009. Launched by Chu-

lalongkorn University-Sasin Graduate Institute of

Business Administration, Thailand, the competi-

tion has attracted 64 teams from 23 countries

and regions including Technical University of

Denmark, claimed the grand prize at The mai

Bangkok Business Challenge® @ Sasin 2009. The

other finalists included University of Chicago

(U.S.), Queensland University (Australia), ESSEC

Business School (Europe), National University of

Singapore, (Singapore).

Tsinghua SEM has successfully won the cham-

pion title at the 52nd Ma Yuehan Cup Sports

Meeting as its last event--track and field was

closed on April 26, 2009. It's the eleventh time

for the School to win over the Ma Yuehan Cup

after almost one-year-long competition. This

year's Ma Yuehan Cup includes 38 events held

throughout the year which culminates in the

final competition--track and field. Nearly 100 SEM

faculty and staff members as well as current stu-

dents took part in the competition. Ma Yuehan

Cup is named in honor of famed physical educa-

tion teacher Ma Yuehan, who started his 50-year

career at Tsinghua in 1914. For this year, Tsinghua

SEM has won male and female team champion

(Group A) for the event of track and field as well

as the champion title for Group A competition.

Tsinghua University Wins the Second Place in the Global Business Plan Competition

Tsinghua SEM Defends its 11th Champion Title at Ma Yuehan Cup

// UNDERGRADUATE PRORGAM //

07

On May 26, Tsinghua SEM’s B-insight team took first prize in the blog division of a nationwide competition

promoting online business innovation among university students. The team of four sophomores includes

three SEM economics and finance majors. After sailing through the preliminary and final rounds, their busi-

ness plan for tapping the commercial potential of the blogosphere wowed judges in the finals.

SEM Team Honored for Online Business Innovation

Programs

Since June 29, 182 sophomores of Tsinghua SEM have left Beijing for the countryside of Yangtze River

Basin to conduct a 10-day on-the-spot investigation as Tsinghua SEM 2009 summer field trip has for-

mally kicked off. The theme of this year's summer field trip is "current situation of health care system in

Chinese rural areas". The participants were divided into 16 teams, with research covering 16 cities/coun-

ties in areas along Yangtze River. The program is launched on the occasion of the reform of China's

health care system. On April 6, Chinese government has issued a guideline on fixing the ailing health

care system after over five months of debate and revision. It kicked off the long-anticipated reform to

ensure health care service is more accessible and affordable to the country's 1.3 billion people.

During the summer field trip period, SEM students have visited the health care departments of local

governments with different levels, approached and interviewed the rural doctors and patients there

and conducted relevant surveys. The students have submitted the summary individually after the prac-

tice, including "the practice of feelings" and "cases of rural doctors".

(Students Conferred the SEM Flag)

SEM Students Summer

Field Trip Kicks Off

“Tsinghua Doctors” across the Strait Talks about Innovation and EntrepreneurshipOn April 24, doctoral students and faculty from Beijing Tsinghua

University and Taiwan Xinzhu Tsinghua University came together

for a seminar with topics focusing on corporate innovative network,

technical entrepreneurship, and government policies on innovation.

Taiwan Science and Technology department and Tsinghua Econom-

ics and Management faculty have a long history of exchange. While,

this event has broken the limitation that the exchange is among the

professors. It is led by the doctoral students and positively partici-

pated by them. A featured item of this year’s event was the mutual-

appraisal of academic papers. Participating students introduced their

papers at the seminar and one student from the other side will make

comments on the paper.

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// MASTER’S AND DOCTORAL PROGRAM //

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Tsinghua SEM Postgraduate Hu Kai Selected as One of “2008 Top Ten Chinese University Students”

// MBA //

Tsinghua SEM’s MBA program registered with the TeamMBA Web site on May 4, becom-

ing the organization’s first-ever Chinese member. Sponsored by GMAC® (the Graduate

Management Admission Council, which owns and administers the GMAT® exam), Team-

MBA supports volunteerism among business students. On May 12, the anniversary of

last year’s earthquake, Tsinghua MBA students held a series of fundraisers for Sichuanese

middle-school students. (Tsinghua MBA students collect books for middle

school students in earthquake-affected areas)

The Tsinghua MBA alumni association inducted its twelfth class in an April 17 ceremony. Chairman Zhang Bo was present to in-

troduce the newest members of the executive committee. In his speech, Zhang spoke of strengthening ties between alumni and

building connections with international students. He called for closer relationships with the community, the corporate sector, and

sister MBA programs, as well as public service and media partnerships to raise the profile of Tsinghua’s MBA program. MBA alumni

representatives from about a dozen sister schools also attended the event.

The international teams made up of 8 students from both MIT Sloan and 8 from

Tsinghua SEM have carried out this year's China Lab Project here at Tsinghua during

March 14-29.

The name list of 2008 Top Ten Chinese University Students was released in Beijing on April 29,

2009. Hu Kai, SEM's second-year postgraduate, was among the honorees. On August 21, 2008

Chinese team gained a place of the Men's 4x100 Relay Final by clocking 39.13 seconds. This was

the first time for Chinese team to reach final on this event. The athlete who dashed across the

finish line and set a new record for the Chinese team was Hu Kai. The selection of 2008 Top Ten

Chinese University Student Personalities was formally launched in the end of October, 2008, par-

ticipated by nearly 1000 institutions of higher education from 30 provinces or regions around

China. The Top Ten Chinese University Student Personalities was launched as an annual event in

2005, with participation number hitting over 30 million during past three years.

Tsinghua MBA Program Becomes First in China to Join GMAC® TeamMBA

Tsinghua MBA Alumni Association Inducts Twelfth Class

(Students from both MIT Sloan and Tsinghua SEM

jointly carry out this year's China Lab Project)

China Lab Project Commences

09

(Hu Kai selected as one of

2008 Top Ten Chinese Univer-

sity Students)

Each team comprised of two MIT Sloan students and two Tsinghua SEM IMBA students. Their work mainly focuses on providing

professional consulting service to a certain program of a collaborating company within three months. Students helped to solve

practical problems concerning corporate operation, provide proposals on the company’s marketing strategies, business plans and

competition analysis report for four companies including Credit Ease, Tarena, Dintaifung, and CCTV GoldenBridge. China Lab grows

out of a collaboration that began in 1996, when MIT Sloan established the MIT-China Management Education Project to strengthen

graduate management education at selected Chinese universities. The Project originated with Tsinghua University in Beijing and

Fudan University in Shanghai. Lingnan (University) College, Sun Yat-sen University in Guangzhou and Yunnan University in Kunming

have since joined.

Tsinghua SEM is building on its Alumni Mentorship Program with a new

initiative known as the Alumni Network Program (ANP), launched in March

2009.

The ANP, designed to encourage MBA alumni to share their knowledge,

will create a social network members can turn to for professional and

personal guidance. Beginning in select cities, the program will eventually

expand into a network connecting Tsinghua MBA alumni nationwide and

worldwide. The Beijing Tsinghua MBA Alumni Club, a Beijing-based pilot

program, kicks off in 2009.

// EMBA //

Tsinghua SEM has welcomed nearly 30 Tsinghua EMBA

alumni who are attending the annual sessions of Na-

tional People’s Congress (NPC) and Chinese People's

Political Consultative Conference (CPPCC) on March

9th. At the invitation of the School, deputies from the

Chinese top legislature and the country's top advisory

body took part in a discussion session concerning the

hot topics of current affairs, bringing their insights with

participants on the relevant proposals at the NPC/CP-

PCC sessions. Among all the deputies attending this

year’s annual sessions of NPC and CPPCC, 27 are from

Tsinghua EMBA community, including 21 NPC depu-

ties and 6 CPPCC deputies. EMBA alumni deputies

exchanged their views on their NPC/CPPCC proposals

and the latest development of their own industries

with the participating professors at the session.

Introducing the Alumni Network Program

Tsinghua EMBA Alumni NPC /CPPCC Deputies Discussion Session Held

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(EMBA Alumni NPC/CPPCC Deputies Discussion Session)

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On January 10, Tsinghua EMBA graduates in Beijing es-

tablished the twenty-third—and largest—local branch of

SEM’s EMBA Alumni Association. Its membership of close

to a thousand alumni is a roll call of influential figures from

every industry. CPC Central Committee member Kang

Rixin, who is also general manager of the China National

Nuclear Industry Corporation, was appointed as the as-

sociation's inaugural chairman. The Guangdong and Hong

Kong alumni associations followed suit on April 8 and 9.

Heading the Guangdong branch is Xu Jiebo, executive

director and deputy general manager of China Southern

Airlines; Baskerville House Inc. CEO Ye Jinhua was appoint-

ed to head the Hong Kong association. Meanwhile, the

Zhejiang and Jiangsu branches elected new chairs in April

and May.

51 business elites from across the globe have been admit-

ted to Tsinghua-INSEAD Dual Degree EMBA Program after

strict selection. It was the third intake of the program since

it was launched in 2006. The opening ceremony of the

third class of the program was held at Tsinghua SEM on

June 5, 2008. With average age 36, the participants have

12 years business experience on average and represent

17 nationalities around the globe. Participants of the new

class are from diverse industries, such as IT industry, en-

ergy, finance and manufacturing.

Tsinghua’s series of EMBA Management Forums, titled

“Aftermath of a Global Crisis: Responses and Reflections,”

drew an audience of close to a thousand businesspeople

and executives in cities across Zhejiang during April to

June. Featured speakers Chen Xiao and Zhang Taowei

revisited the causes and effects of the global financial

crisis, putting them into the context of Zhejiang’s eco-

nomic growth. They examined the challenges facing both

export-oriented economies and traditional industries and

identified emerging trends. If corporations are able to

reshape their strategies, Chen and Zhang said, this new

landscape presents opportunities for unprecedented

growth.

Beijing, Guangdong and Hong Kong-Macau Branches Join Tsin-ghua EMBA Alumni Association

51 Elites from All Over the World Participate in the Third Class of Tsinghua-INSEAD Dual Degree EMBA Program

Tsinghua EMBA Manage-ment Forums Held through-out Zhejiang

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(51 Elites from All Over the World Participate in the Third

Class of Tsinghua-INSEAD Dual Degree EMBA Program)

// EDP //

Tsinghua University School of Economics and Man-

agement has announced the launching of Chinese

Women's Entrepreneurial Management Program

on March 2nd, 2009. The first class of the program

will be opened in May. Courses will be taught to

50 participants by faculty members from Tsinghua

SEM and HEC-Paris. The program was sponsored by

Goldman Sachs 10,000 Women initiative, which will

train underserved Chinese women who aspire to

or currently operate their own business, aiming to

provide them with the integrated entrepreneurial

and managerial education with a global perspec-

tive. The Women's Entrepreneurial Management

Program, which will run for five years, will include

workshops, seminars, classroom teaching, mentor-

ing and guidance in the making business plans.

Curriculum will focus on business practices in

entrepreneurship, marketing, management, and

finance. The Chinese women's entrepreneurship

forum was held on the same day, under the theme

of "Women entrepreneurs: challenges, opportuni-

ties and development."

A piece of calligraphy reading “The highest good is like water” fetched RMB 30,000 in an

auction held at the March 22 graduation banquet for Tsinghua’s Advanced Management

Program in Fashion and Luxury. A piece from renowned calligrapher Kang Zhuang sold

for RMB 100,000. All proceeds went toward the construction of two elementary schools in

areas affected by last year’s Sichuan earthquake.

A delegation led by Wei Jie, Chairman of the Department of Business Strategy and Policy

and Xue Lei, Director of Executive Development Program Center has paid a visit to Indone-

sia during March 23-28 at the invitation of Mr. Xie Hanxian, President of Indonesia Business

News. They have visited the Chinese Embassy in Indonesia and have a cordial conversation

with the Minister Counselor Mrs. Yang Lingzhu. They also visited Mr. Sukanta Tanudjaja, a

well-known leader of overseas Chinese in Indonesia, who currently serves as Vice President

of Indonesia-China Economic Social and Cultural Association. Tsinghua SEM and Indonesia

Business News co-hosted a reporting session with the theme of "Current Chinese Eco-

nomic Situation and How to Respond to Global Financial Crisis" at Jakarta, where Professor

Wei Jie gave an analysis on current Chinese economic situation and introduced a series

of measures Chinese government adopted in response to the crisis. More than 100 most

influential leaders within Indonesian Chinese business community attended the meeting.

Indonesia Business News and Tsinghua EDP will start more cooperation in the field of sen-

ior management training, case studies, exchanges and etc..

On March 16, 41 chairpersons and committee members serving on the State-Owned Assets Supervision and Administration Commission of the

State Council (SASAC) convened at Tsinghua SEM for a four-week training session. The course provided a basic overview of corporate financial man-

agement, accounting, auditing, finance and securities, as well as corporate governance, strategic management and leadership.

In a four-day program beginning April 7, officials serving in Beijing’s municipal government underwent training in macro-economics and finance.

In addition to an analysis of the global financial crisis, the curriculum covered government work reports, economic growth and recovery, the capital

market and its role in development, and China’s economy during three decades of “opening and reform.”

Chinese Women's Entrepre-neurial Management Program Launched in Tsinghua

Fashion Industry Reaches Out to Children in Earthquake-hit Sichuan

Professor Wei Jie Talks About Current Economic Situation in Indonesia

SEM Offers Government Training Programs

12

(Calligraphy by Kang Zhuang)

(Chinese Women's Entrepreneurial Management Program

Launched )

(Tsinghua SEM delegation visits Indonesia)

TSINGHUA SEM NEWSLETTER SPRING 2009

Professor Yang Baiyin, Chair of the Department of Human Resources and Organizational Behavior, and Professor Zhang De, as well as doctoral

student Wang Yuqing have received the award for top ten papers at the annual meeting of Academy of Human Resource Development (AHRD)

held at the United States during February 18-22. The title of their paper is “An Investigation of Chinese Concept of Organizational Citizenship

Behavior (OCB): Using Grounded Theory Research Approach.” The AHRD is the premier human resource development research organization glo-

bally, with their vision being to lead human resource development in research. Professor Yang Baiyin received the award for top ten papers at the

2007 annual meeting of AHRD, meanwhile he was also awarded the Outstanding Human Resources Development Scholar Award at the meet-

ing.

Yang Baiyin, Zhang De, Wang Yuqin Honored in AHRD Top Ten Papers

Zhang Haiyan, who teaches in SEM’s

Department of Accounting, was one

of eleven Tsinghua instructors selected

to receive a 2008 Outstanding Young

Educator Award. In her undergraduate

courses, Zhang brings dry accounting

theory to life with group discussions,

case studies and lectures. Her teach-

ing methods also build teamwork and

communication skills.

Zhang Haiyan Receives Tsinghua’s Outstanding Young Educator Award

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Teaching & Research

Song Yanheng of Tsinghua SEM’s Department of Accounting recently

won the second place in the Sixth Beijing Young University Educator

Competition. The competition, which took place May 11-21, drew 120

young instructors from 63 schools.

A list unveiled this month named 20 undergraduate courses among

"Tsinghua University Outstanding Courses". Among the honorees

was "Introduction to Information Management", taught by Associate

Professor Zhu Yan from the Department of Management Science and

Engineering of Tsinghua SEM. Seven courses offered by Tsinghua SEM

have received this honor, including "Econometrics" taught by Profes-

sor Li Zinai, "Introduction to Financial Engineering" taught by Professor

Song Fengming, "Management Information System" taught by Profes-

sor Chen Guoqing, "Entrepreneurial Management" taught by Professor

Lei Jiasu, "Principles of Economics" taught by Professor Qian Yingyi, and

"Quality Management" taught by Associate Professor Sun Jing.

Song Yanheng Honored in Beijing

Young Educator Competition

"Introduction to Information Man-agement" Course Selected as “Tsinghua University Outstanding Course”

14

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(Seminar on intellectual property rights and technological entre-

preneurship)

Jan Vanthienen, Marc Lambrecht and three other Université

catholique de Louvain professors visited Tsinghua SEM on April 10

as part of the school’s partnership agreement with UCL. The UCL

delegation joined Chen Guoqing, Chen Jian and other professors

from the Department of Management Science and Engineering

for a joint seminar.

In a discussion centering on “intelligent enterprise resources plan-

ning,” the seminar covered supply chain management, state-

of-the-art resource planning, information systems for emerging

technologies, targeted marketing and internet searches.

A seminar on “intellectual property rights and

technological entrepreneurship” took place at the

School of Economics and Management on January

6. The event was sponsored by Tsinghua’s National

Entrepreneurship Research Center, the National As-

sociation of Inventions, the China High-Tech Indus-

try Promotion Society, and Tsinghua Science Park,

with support from Dell China. The seminar explored

ways to build and promote tech businesses while

utilizing and protecting intellectual property rights.

Participants also discussed effective approaches to

policy, valuation and trade.

Seminar Discusses Intel-lectual Property Rights and Technological Entrepre-neurship

International Conference Discusses “Re-regulating Global Finance in the Light of the Global Crisis”

SEM and UCL Hold Joint Seminar

15

Tsinghua SEM hosted an international conference

on “re-regulating global finance in the light of the

global crisis” on April 9-12. Originally conceived

by International Development Economics Associ-

ates (IDEAs), the conference was co-sponsored by

TSEM’s Research Center for Public Assets and Ren-

min University’s School of Economics.

45 international scholars were among the 90

participants. Notable attendees included U.N.

Assistant Secretary-General for Economic Devel-

opment Jomo K.S.; former Reserve Bank of India

administrator Y.V. Reddy; Central Bank of Argentina

board member Arturo O’Connell; renowned post-

Keynesian economist Jan Kregel; and prominent

Chinese economists Yu Yongding, Cui Zhiyuan and

Zhang Yu. The scholars analyzed the causes behind

today’s economic crisis, identified emerging trends,

and proposed responses.

Academic Conferences

The Spring 2009 Seminar on Current Economic Situation took

place at Tsinghua SEM on March 28. Co-sponsored by the Center

for China in the World Economy (CCWE) and the Office of Alumni

Affairs, the event drew a diverse audience of over 300, including

SEM students and alumni. Using publicly available economic data,

presenters discussed current economy in the midst of a growing

financial crisis, examining its impact on the financial, trade and real

estate sectors as well as its significance for the balance of interna-

tional payments and the restructuring of the monetary system.

On June 13, the school hosted a seminar on the topic “from

economic stimulus to thorough reform.” Industry experts used a

range of recent economic data to paint a picture of the Chinese

and international economies before and after the eruption of the

financial crisis. They discussed the impact of China’s RMB 4 trillion

stimulus package on their industries and explored the idea of

responding to the crisis by expanding economic reforms. CCWE’s

macro-economic forecast for the second half of 2009 was also an-

nounced at the seminar.

Tsinghua SEM Forums Discuss Current Economic Situation

(Industry experts attend Seminar for Current Economic Situation)

On June 19-20, eight scholars presented their latest findings at the Third Accounting Research Seminar,

sponsored by Tsinghua SEM’s Department of Accounting. Keynote lectures were delivered by Patricia De-

chow and Richard Sloan of UC Berkeley’s Haas School of Business. Prominent international scholars and

SEM alumni, including New York University’s James Olson, were invited to sit on the panel. Co-founded by

Tsinghua SEM, Peking University and the Cheung Kong School of Business in 2007, this academic summit

connects accounting faculty members with the field’s leading scholars. The event has previously been

hosted at Cheung Kong and PKU’s Guanghua School of Management. A representative from the Chinese

University of Hong Kong attended this year’s seminar.

Tsinghua SEM’s Department of Accounting sponsored a June 19 summit on “investment strategies for the

Chinese and global stock markets.” The first of its kind, the event brings academia together with the asset

management industry. Richard Sloan, a professor of accounting at UC Berkeley’s Haas School of Business,

delivered the keynote lecture. Professor Sloan joined prominent investors Dou Yuming (CEO, Fullgoal

Fund Management), Xing Yi (chief investment officer, Taikang Life Insurance) and Zhang Yiqing (senior

investment consultant, National Council for Social Security Fund) for a discussion of investment strategies

and trends in the Chinese and international stock markets.

Third Accounting Research Seminar Tackles Ac-counting’s Hottest Issues

Summit Discusses Stock Market Investment Strategies

16

(Mr. Sukanta Tanudjaja presents brochures to

Dean Qian Yingyi)

A delegation led by Mr. Sukanta Tanudjaja, a well-known leader of overseas

Chinese in Indonesia has visited Tsinghua SEM on April 17, 2009. Qian Yingyi,

Dean of Tsinghua SEM and Xue Lei, Director of Executive Development Cent-

er met with the visiting guests from Indonesia.

During the talk, Mr. Sukanta Tanudjaja spoke highly of Professor Weijie's

lectures in Indonesia at the end of March, saying he hoped to see more

cooperation between Tsinghua SEM and Indonesian companies. Dean Qian

Yingyi said the School also expected more cooperation with companies in

Southeast Asia especially in Indonesia in fields of management training and

case study. During their staying, the delegation visited the old campus of

Tsinghua as well.

Mr. Sukanta Tanudjaja Visits Tsinghua SEM

Cooperation and Development

TSINGHUA SEM NEWSLETTER SPRING 2009

(Dean Qian Yingyi meets with Advisory Board members Ho

Ching (left) and Marjorie Yang)

1989 graduates of SEM’s Master’s program in economics gathered for a twenty-year class reunion

on May 9. In honor of the occasion, the alumni launched a foundation to benefit SEM graduate

programs. With a startup fund of RMB 250,000, this is the first alumni-sponsored foundation specifi-

cally designed to promote innovative research and scholarship among graduate students.

In honor of Tsinghua University’s upcoming centennial, SEM alumnus and China Private Ventures

Limited Chairman Wang Jiwu, along with his wife, Ma Xiaoming, has donated RMB 3 million to

build a classroom for Tsinghua’s Jiehua Kindergarten. Wang earned a bachelor’s degree in eco-

nomics and later an MBA from Tsinghua. He has received numerous awards throughout a distin-

guished seventeen-year career in the real estate and finance industries.

Dean Qian Yingyi met with former Temasek Holdings CEO Ho Ching and Esquel Group Chairman

Marjorie Yang on May 31. Both were visiting in their capacity as SEM Advisory Board members.

Qian thanked Ho and Yang for their contributions to the school and brought them up-to-date on

recent developments.

As a school that attracts the nation’s best and brightest, SEM has a responsibility to turn promising

students into successful members of society, Qian said. He discussed the school’s commitment to

education and an international perspective, as well as its ongoing efforts to promote reform and

innovation. Both board members expressed a strong interest in SEM’s efforts to make students

more competitive in the international arena, and emphasized the important role of international

exchanges.

Dean Qian Yingyi Meets with

Advisory Board Members

Alumni Foundation to Benefit SEM Graduate Students

Couple Donate Classroom to Tsinghua Kindergarten

17

The establishment meeting of Tsinghua University-China Development Bank Planning Research

Institution was held on May 27, 2009. Chen Yuan, CDB Chairman of Board of Directors and SEM's

Advisory Board Member, as well as the School's Adjunct Professor serves as the director of the

council of the institution. Chen Yuan delivered a speech titled “Scientific Development Planning

Promotes Healthy Social Advancement" at Tsinghua SEM after the meeting.

Council for Tsinghua University-China Develop-

ment Bank Planning Research Institution Estab-

lished

Lu Wei, Deputy President of Xinhua News Agency has paid a visit to Tsinghua SEM and held talks

with Dean Qian Yingyi on May 5, 2009. The two sides exchanged views on resource -sharing be-

tween SEM and Xinhua News Agency, and discussed the cooperation on financial database in

particular. On June 8, a strategic cooperation framework agreement was signed between the two

parties. According to the agreement, the two sides will jointly launch a financial service lab at Tsin-

ghua and based on the lab, the two sides will carry out cooperation in an overall way on academic

research in fields of financial technology, financial media and financial market.

Tsinghua University and UC-Berkeley have joined forces to launch a new education program

on technological entrepreneurship on June 26. The new program targets at Tsinghua's current

graduates and students of higher grade from the science disciplines with excellent English skills and

entrepreneurial passion. Courses will be taught jointly by the faculties both from Tsinghua and UC-

Berkley and focus on fostering professionals which will help to enhance a company's self-innovation

capability and international competitiveness. The program's first class will be opened in fall semester

of 2009. Curriculum included “Innovation and Entrepreneurship”, “Global Leadership”, “Innovation and

Entrepreneurship”, “Technological Management and Intellectual Property Management”etc..

Tsinghua University Signs Strategic Coopera-tion Framework Agreement with Xinhua News Agency

The Tsinghua-Berkeley Global Technological En-

trepreneurship Education Program Launched

1 8

The signing ceremony for the International Flying Start Program was held at Tsinghua SEM on Janu-

ary 16, 2009, jointly hosted by the School, The Institute of Chartered Accountants in England and

Wales (ICAEW) and PricewaterhouseCoopers China (PwC). The new program will exclusively offer

students at Tsinghua University who are pursuing an accounting profession a better international

view and career perspective. It is expected to support China’s increasing demand for accounting

talents in the long run. The International Flying Start Program was the first of its kind in China jointly

launched by PwC, Tsinghua SEM and ICAEW. Upon qualification, students will be given a valuable

opportunity to participate in a one-year work placement in one of PwC’s firms outside the Chinese

Mainland. The program will also help students accelerate progress towards the ACA qualification

after graduation. If students pass all ACA exams at their first attempt, they will be able to qualify as

an ACA within the first year of graduation. At the same time, Tsinghua SEM, PwC, England and Wales

(ICAEW) have signed a memorandum of cooperation.

Tsinghua SEM and PricewaterhouseCoopers

Jointly Launch International Flying Start Program

( Lu Wei (third from the left ) and SEM faculty at Center for

China in the World Economy )

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Speaker: Wu Jinlian, Research Fellow of the Development Research Center of the State Council

Topic: International Financial Crisis and Responding Solutions

Time: February 26, 2009

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SEM Forum

Speaker: Yu Minghong, Founder/CEO, New Oriental Education Group

Topic: Sharing Sprit of Innovation and Entrepreneurship

Time: March 11, 2009

Speaker: Tony Blair, Former British Prime Minister

Topic: A Global Deal in Climate Change: the Role of Business and New Technologies

Time: March 24, 2009

Speaker: Audie Wong, President of Amway (China) Company Limited

Topic: From Zero to 17 Billion--- Amway’s Growth in China

Time: March 25, 2009

Speaker: Arvind Sodhani, Executive Vice President, Intel Corporation; President, Intel Capital

Topic: Investing in Innovation & Opportunities in China

Time: March 26, 2009

Speaker: Lu Wenjun, Inner Mongolia Little-Sheep Catering Chain Co. Ltd.

Topic: Little Sheep's Growing Way

Time: April 9, 2009

Speaker: Richard W. Fisher, President and CEO of Federal Reserve Bank of Dallas

Topic: The Economic Predicament of the United States and the Federal Reserve’s Response in a Globalized World.

Time: April 17, 2009

Speaker: Wang Zhongjun, Founder/President/CEO, Huayi Brothers Media Group

Topic: Sharing Sprit of Innovation and Entrepreneurship

Time: May 13, 2009

Speaker: Chen Yuan, Chairman of Board of Directors, China Development Bank

Topic: Scientific Development Planning Promotes Healthy Social Advancement

Time: May 27, 2009

Speaker: Japanese Management Master, Kazuo Inamori

Topic: Great Wisdom of Leap in Depression

Time: June 9, 2009,

http://www.sem.tsinghua.edu.cn

Compiled by: Office of Communications, Tsinghua SEM

To be a wor ld-c lass school of economics and management, contribut-ing academic knowledge that fuels the revival of the Chinese economy and cultivating business leaders for China and the world.

【Our Mission】

School of Economics and Management

Tsinghua University

Beijing 100084, China

Tel : (8610) 62785515

Fax: (8610) 62785876

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