2017-2018 Annual Report -...

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Tsinghua University School of Economics and Management清华大学经济管理学院 08

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2017-2018 Annual ReportSchool of Economics and Management

Tsinghua University

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MISSIONTo Advance Knowledge and Cultivate Leaders for China and the World.

ASPIRATIONTo Be a World-Class School of Economics and Management.

CORE VALUESIntegrity Dedication Respect

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MISSIONTo Advance Knowledge and Cultivate Leaders for China and the World.

ASPIRATIONTo Be a World-Class School of Economics and Management.

CORE VALUESIntegrity Dedication Respect

04 From the Dean

06 Columns

09 Highlights

16 Undergraduate Programs

18 Doctoral Programs

19 Master’s Programs

22 MBA Programs

24 EMBA Programs

26 Collaborative Degree Programs

27 Executive Education

28 Education on Creativity, Innovation and Entrepreneurship

30 Research

34 Alumni

Download:

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

Data covers from August 1, 2017 to July 31, 2018

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In the 2017-2018 academic year, Tsinghua SEM has a total of 1,782 graduates, including 252 undergraduates, 495 under-graduates for the second degree, 980 master’s degree students (including MBA and EMBA), and 55 doctoral students.

The 2017-2018 academic year is the twelfth academic year I served as Dean of Tsinghua SEM. Over the past years, the School has devoted to educational reform and innovation and made significant progresses. In this year’s Annual Report, I focus on general education in undergraduate programs and innovations in business education, and give an update on the School’s Advisory Board.

The 9 Years of General Education in Undergraduate Programs

The School started to prepare the undergraduate program reform in 2007. It launched a new undergraduate curriculum in the fall semester of 2009. Up to now, it has been through 9 years. General education and individual development are the two prongs in the undergraduate program reform, and the intro-duction of general education represents a fundamental change.

The new courses in the general education curriculum include “Chinese Writing”, “Introduction to Communication”, “Chinese Civilization”, “Western Civilization”, “Critical Thinking and Moral Reasoning”, “History of Physics” and “History of Life Sciences”.

The two courses, “Chinese Writing” and “Introduction to Commu-nication”, started in the fall semester of 2009, which are among the first at Tsinghua and even across the country. On May 17, 2018, QIU Yong, President of Tsinghua University, announced that Tsinghua will launch a required course of “Writing and Commu-nication” for the incoming freshmen class in the fall of 2018 and will gradually cover all undergraduates by 2020. The School’s ex-periences in the two courses of “Chinese Writing” and “Introduc-tion to Communication” provide a valuable pilot to the University.

“Critical Thinking and Moral Reasoning” became a required course starting for the undergraduates of Tsinghua SEM enrolled in 2009, and the students call it “CTMR” for short. This course combines critical thinking with moral ethics. In this course, students read classics and debate hot topics, from questioning to collecting evi-dence, and from logical reasoning to examining alternative expla-nations. Each year around this time, I ask the graduating seniors of Tsinghua SEM the following question: “Which course has the most impact on you in the last four years?” The most common answers I heard are “Critical Thinking and Moral Reasoning”. Now CTMR is representing Tsinghua SEM, and SEM students often ask each other: “Have you CTMRed on this issue?”

In the spring semester of 2018, two new courses of “History of Physics” and “History of Life Sciences” were added. Unlike the traditional introductory courses in physics and life sciences, these two new courses focus on the historical context of major scientific discoveries, the challenges of science to the society, and the impact of science on philosophy. These courses help Tsinghua SEM alumni, students, faculty, staff, and friends,

Tsinghua SEM alumni, students, faculty, staff, and friends,

students understand the essence of science rather than specific formulae or experiments, emphasizing on the spirit of science, the value of science, as well as the limits of science.

It is now becoming a consensus among Chinese universities that undergraduate education should put more emphasis on general education. However, the key to general education lies in its imple-mentation. During the past 9 years, the School has been consis-tently devoted to the practice and refinement of general educa-tion. This is not easy, as the School is often regarded as the “most practical” one while general education is viewed as “least prac-tical”. On July 4, 2018, the School released a report entitled “The ‘Chinese Writing’ and ‘Introduction to Communication’: 9 years of Thinking and Practice at Tsinghua SEM”, summarizing its 9-year experience. On July 5, 2018, in my Commencement Address at Tsinghua University School of Life Sciences, I emphasized the im-portance of cultivating students’ critical thinking ability in higher education, and I gave specific examples of the courses “Critical Thinking and Moral Reasoning” as well as “History of Life Sci-ences” and “History of Physics” at Tsinghua SEM. On July 8, 2018, PAN Jian-Wei, a noted physicist, delivered the Tsinghua SEM Commencement Speech on “The Value of Science”, who is the first scientist ever invited to speak since Tsinghua SEM started to hold its school-wide commencement in 2010.

The 5 Years of Tsinghua x-lab for Education on Creativity, Inno-vation and Entrepreneurship

In 2011, on the occasion of the 20th anniversary of inauguration of MBA education in China, the School started its exploration on innovation in business education. After 2 years’ preparation, on April 25, 2013, the School launched Tsinghua x-lab, jointly with more than 10 schools and departments at Tsinghua University. It has been in practice for 5 years till now. On June 14,2018, at the bi-annual conference of International Association for Chinese Management Research (IACMR) held in Wuhan, I delivered a speech entitled “Thoughts and Practice in Business Education Innovation: The 5-year Experience of Tsinghua x-lab”, which was very favorably reacted from the participants.

From the very beginning, we positioned Tsinghua x-lab as an educational platform for creativity, innovation and entrepreneur-ship. The reason why we put creativity before innovation is that we believe in the cultivation of creative thinking and ability. Although there is quite a few numbers of very good start-ups originally from Tsinghua x-lab, the positioning of Tsinghua x-lab is always centered on educating talents, rather than incubating projects and start-ups.

Tsinghua x-lab deviated from the traditional business education mode to successfully build three platforms: the educational platform for students, the development platform for team build-ing, and the ecological platform for resource aggregation and interdisciplinary education.

• The educational platform for students. It provides several programs for Tsinghua students: an honors program in entre-preneurship for SEM undergraduates; a track in innovation,

From the Dean

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2017-2018 Annual ReportTsinghua University School of Economics and Management

economics and management education in China and on stimu-lating exchanges and cooperation between China and the rest of the world.

Among the 38 participating members of the Advisory Board who attended the meeting with President XI are Jim Breyer, Chair-man of Tsinghua SEM Advisory Board, Founder and CEO of Brey-er Capital, Tim Cook, CEO of Apple, Maurice Greenberg, Chair-man of Starr Companies, Satya Nadella, CEO of Microsoft, Henry Paulson, Chairman of Paulson Institute, Stephen Schwartzman, Chairman and CEO of Blackstone, Mark Zuckerberg, Founder and CEO of Facebook, as well as Robin Li of Baidu, Jack Ma of Alibaba and Pony Ma of Tencent. The event was broadcast on the prime time of CCTV News and was published on the front pages of major media on the following day.

Today’s remarkable development of the School owes to the foun-dation laid by former deans Premier ZHU Rongji, ZHAO Chunjun and HE Jiankun and to the contributions made by the faculty, staff, students, alumni and friends. I truly believe that with all your con-tinuing supports, Tsinghua SEM will have a more beautiful future.

QIAN Yingyi, DeanTsinghua University School of Economics and Management

August 20, 2018

entrepreneurship and leadership for the non-SEM undergrad-uates pursuing second-degree in management; and the cer-tificate of creativity education for graduate students. The value of these programs lies in three aspects: 1) Interdisciplinary studies across 15 schools and departments at Tsinghua which are member schools of Tsinghua x-lab and cover the disciplines in science, engineering, medicine, humanities and arts. 2) Integration of resources outside the university, including profes-sional organizations, investment firms, Tsinghua Entrepreneurs Association, Tsinghua Science Park, Tsinghua Holdings and its enterprises. 3) Provision of realization paths of business models and social value for student projects.

• The development platform for team building. We focus on the early entrepreniual mode teams and the cultivation of experi-ential learnings. We have initiated an annual university-wide innovation competition named “The President’s Cup” for the students and alumni of Tsinghua, which has been held to the 5th session till now.

• The ecological platform. Over the 5 years, Tsinghua x-lab has developed into an ecosystem. There are hundreds of investment institutions, 15 innovation centers and functional service cen-ters, which continue to help the teams.

YANG Bin, Vice President and Provost of Tsinghua University, in his speech at the 5th anniversary of Tsinghua x-lab, highlighted the following 4 key aspects that Tsinghua x-lab has inspired the education of creative talents: 1) It is necessary to combine the logic of knowledge with the logic of action to cultivate creative talents; 2) It is necessary to adopt a comprehensive learning model for interdisciplinary learning, multiple integrations and open linkages; 3) It is necessary to have industry coaches and practical mentors to supplement the traditional faculty in teaching; 4) It is necessary to integrate education on leadership, creativity, thought leadership, and execution to enhance stu-dents’ self-motivation and self-management.

Fostering creative talents will be a focus in China’s education in the future. For management schools, it is our duty to cultivate creative, innovative and entrepreneurial talents. The schools of management should not only educate talents for large corpora-tions as in the past but also educate startup talents and entre-preneurial talents for all kinds of enterprises.

The 18th Advisory Board Meeting

On October 30, 2017, the Tsinghua SEM Advisory Board held its 18th annual meeting since its inception in October 2000. In the afternoon, President of China XI Jinping met with the partici-pating members of the Advisory Board at the Great Hall of the People. This is the first time that President XI has met with overseas guests since the conclusion of the 19th CPC National Congress. During the meeting, President XI listened to the sug-gestions from the Board members and gave his interpretation of the Party report. President XI praised the contributions made by the Advisory Board members on fostering the development of

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On May 17, 2018, at the first “Tsinghua Teaching Forum“, QIU Yong, President of Tsinghua University, announced that Tsinghua would launch a required course “Writing and Communication” for the incoming freshmen class in the fall of 2018 and would gradually cover all undergraduates by 2020. This decision was widely praised after the news was released.

On July 8, 2018, Xinya College of Tsinghua University held its first graduation ceremony. In his speech, YANG Bin, Vice Pres-ident and Provost of Tsinghua University gave three keywords to the graduates of Class 2018: “original intention”, “inaugural class”, and “XinyaING”. ZHENG Li, Vice President of Tsinghua University and the founding Dean of Xinya College, said that the key to the education model of Xinya is general education and its related activities.

Tsinghua SEM has been active in all these areas for the last 9 years since 2009, whether it is the launch of the courses of “Chinese Writing” and “Introduction to Communication”, or the incorporation of general education into the undergraduate cur-riculum. In fact, on August 27, 2009, at the opening ceremony of Tsinghua SEM undergraduates Class 2013, Dean QIAN Yingyi launched a new undergraduate curriculum featured with “an integration of general education with individual development”. In 2014, “An Integration of General Education with Individual De-velopment - Thoughts and Practice of Reform in Economics and Management Undergraduate Education”, led by 5 professors, QIAN Yingyi, BAI Chong-En, YANG Bin, ZHU Yujie and ZHONG Xiaohan, won the first prize of national-level education achieve-ment. This is the only national reward in the field of education in China. In the past 9 years, Tsinghua SEM has been making steady progresses in general education in its undergraduate’s curriculum reform.

The Reform of Undergraduate Education –Thinking before Action

In 2008 and early 2009, the School organized several workshops and interviewed students, alumni, and faculty of the School to prepare for the undergraduate curriculum reform. In the meantime, the School also studied the undergraduate education reform experiences from other universities in China, including Yuanpei College of Peking University, Fudan College of Fudan University and Chu Kochen Honors College of Zhejiang Univer-sity. It also studied undergraduate education programs in some overseas universities, including Harvard, Yale, MIT, UC Berkeley,

The 9 Years of General Education in Tsinghua SEM Undergraduate Programs

University of Chicago, Williams College, and Cambridge Univer-sity. Based on these findings, the School has developed a new undergraduate curriculum for Class 2013. It is a program to aim at the world-class undergraduate education while maintaining the existing advantages of Tsinghua and SEM and absorbing the useful experiences of other domestic and overseas universities.

General Education Becomes the Foundation of Undergraduate

Education

The new undergraduate curriculum was launched in the fall of 2009. It is a three-prong education program of “value formation, capability development and knowledge acquisition”. The cur-riculum courses consist of general education courses, courses satisfying major’s requirement, and electives. The curriculum maintains 140 credits in total required by the university, but increased general education to 70 credits, reduced major’s re-quirement to 50 credits, and left the other 20 credits to elective courses.

In its implementation, the School has emphasized in three ar-eas: Making general education as the foundation of undergrad-uate curriculum, accounting for the main parts of the courses in freshmen and sophomore years; introducing the selective “Honors Programs” in three tracks (academic, entrepreneur-ship and leadership); and making the cultivation of students’ critical thinking ability as a key and to run through the entire undergraduate curriculum.

The general education curriculum introduced by the School since the fall semester of 2009 consists of three categories of courses: in addition to the nationally required ideological and political courses, there are two categories of basic skills cours-es and core courses. In the basic skills courses, in addition to the courses of English and mathematics, the emphasis is on the newly launched two courses “Chinese Writing” and “Introduc-tion to Communication”, which is a pilot at Tsinghua, and even among colleges and universities nationwide.

The core courses consist of 8 groups, covering humanities, so-cial sciences and natural sciences. Unlike some of the univer-sity offered general education courses, these 8 groups do not include any courses in applied and practical disciplines, be-cause we believe that general education is not just for widening knowledge, but also for the benefits of the students in the long run. Therefore, the 8 groups selected by the School are: Chinese Civilization, Western Civilization, Critical Thinking and Moral

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In June 2018, the 8th bi-annual conference of International Asso-ciation for Chinese Management Research (IACMR) was held in Wuhai, hosted by the Economics and Management School of Wu-han University. At the “Dean’s Forum”, LIU Qiao, Dean of Guang-hua School of Management of Peking University, WEI Jiang, Dean of School of Management of Zhejiang University, CAI Hongbin, Dean of Faculty of Business and Economics of the University of Hong Kong, and QIAN Yingyi, Dean of Tsinghua SEM, have deliv-ered speeches on the theme of “Challenges and Opportunities in Business Education”. Dean LIU Qiao talked about “The Challeng-es and Opportunities of Business Education under the New Trend of Globalization”, Dean WEI Jiang spoke on “Whether Traditional Business Schools Will Be Overturned?” Dean CAI Hongbin ad-dressed on “The Development and Prospect of Business Educa-tion in China”, and Dean QIAN Yingyi’s speech entitled “Thoughts and Practice of Innovation in Business Education: The 5-Year Experience of Tsinghua x-lab”.

Dean QIAN started by asking the questions of “What” and “How” of facing the innovation of business education in China. He then pointed out that the focus of business education is in the process of shifting from “Business” and “Management” to “Leadership” and “Entrepreneurship” in what to teach and also in how to teach, from teaching by lectures and teaching with cases to experiential learning and action learning.

By taking the case of 5-year development of Tsinghua x-lab, Dean QIAN demonstrated both “what to teach” and “how to teach” in the innovation of business education that are addressed at Tsinghua SEM. He said Tsinghua x-lab is our attempt to cultivate talents with entrepreneurship and leadership, and educating cre-ative business talents is the future direction of Chinese business education. Dean QIAN’s speech resonated very well among the audience, who considered that the 5-year experience of Tsinghua x-lab truly reflected the spirit of Tsinghua.

The Birth of Tsinghua x-lab

After nearly 2 years in preparation, on April 25, 2013, Tsinghua SEM launched Tsinghua x-lab jointly with more than 10 schools and departments of Tsinghua University, an educational platform for creativity, innovation and entrepreneurship. It serves the students, alumni and faculty at Tsinghua, with an emphasis on current stu-dents. HU Heping, the then Party Secretary of Tsinghua University, addressed at the opening ceremony of Tsinghua x-lab.

The 5 Years of Tsinghua x-lab for Education on Creativity, Innovation and Entrepreneurship

Reasoning (CTMR), Art and Aesthetics, Basic Social Sciences, China and the World, Physical Sciences, and Life Sciences.

Achievements in the General Education for Undergraduate

Education

Although the importance of general education in undergraduate education is becoming a consensus among Chinese universities, difficulty is in its implementation. Lack of qualified faculty is the number one problem. “It is hard to find instructors for Western Civilization in Beijing, and it is even harder to find instructors for Chinese Civilization and Chinese Writing “, said Dean QIAN Yingyi, “The current policy on faculty hiring is not conducive to teaching in general education “. The second difficulty is the stu-dents’ acceptance and devotion to general education courses. Some students are not motivated and do not spend much time on readings in general education courses.

Despite the difficulties, the School has made considerable progress in general education in the last 9 years. The courses of “Chinese Writing” and “Introduction to Communication” have been continuously improved. The fact that Tsinghua has decided to take “Writing and Communication” as a required course for all its undergraduate students demonstrates the recognition of the School’s pilot. The course “Critical Thinking and Moral Rea-soning (CTMR)” is the most innovative and successful course. Students would learn classics and debate hot topics, from questioning to collecting evidence and from logical reasoning to examining alternative explanations. Tsinghua SEM students often ask each other: “Have you CTMRed on this issue? “ If a CT (Computed Tomography) and a MR (Magnetic Resonance Imaging) are the two medical devices, then at Tsinghua SEM, CTMR is a thinking device. CTMR has become a special term for the School.

In the spring semester of 2018, “A Brief History of Physics” and “A Brief History of Life Sciences” were added to general educa-tion courses. These two courses focus on the historical context of major scientific discoveries, so that students can better understand the essence of science, rather than menorizing the details of formulae or experiments.

The general education has been through 9 years. According to Dean QIAN Yingyi, this is just a beginning. Perhaps, in 10 years, 20 years or even in longer time after students graduate, we can see the impact of general education on them.

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On May 25, 2014, on the occasion of its one-year anniversary, the first university-wide innovation competition named “The Presi-dent Cup” was held. CHEN Jining, the then President of Tsinghua University, gave critical comments on the presenting teams and presented prizes to the winners.

The 5-year Development of Tsinghua x-lab

In the past 5 years, Tsinghua x-lab deviated from the traditional education model of business schools to build 3 platforms: the educational platform for students, the development platform for team building, and the ecological platform for resource aggrega-tion and interdisciplinary education.

• The educational platform for students. It provides several programs for Tsinghua students: an honors program in entrepre-neurship for SEM undergraduates; a track in innovation, entre-preneurship and leadership for the non-SEM undergraduates pursuing second-degree in management; and the certificate program of creativity education for graduate students. During 5 years, nearly 30,000 Tsinghua students and alumni have partici-pated in various courses, lectures, training camps and practical activities organized by Tsinghua x-lab.

• The development platform for team building. We focus on the early entrepreneurial mode of teams and the cultivation of expe-riential learnings. CHEN Jining, the then President of Tsinghua University, was very supportive to the inspiration of experiential learning. Since the first annual innovation competition “The President Cup” was held in 2014, it has come to its 5th session in 2018. A number of outstanding entrepreneurial teams have been cultivated in Tsinghua x-lab. In 5 years, over 1,200 teams and 494 start-ups developed, among them 159 received financing of 2.7 billion RMB in total. Tsinghua x-lab’s teams also won prizes in the domestic and overseas competitions.

• The ecological platform. At the beginning, a group of Tsinghua alumni became Angels-in-Residence and Entrepreneurs-in-Res-idence. Hundreds of institutions working with Tsinghua x-lab, which have expanded from banks to law firms, accounting firms, and intellectual property firms, and they provide not-for-profit services. The number of Tsinghua x-lab innovation centers and functional service centers has increased to 15 as well.

The Features of Tsinghua x-lab

Tsinghua x-lab has displayed the following features:

Firstly, promotion on interdisciplinary activities. We are active in guiding the students to combine art with science, to link engi-

neering with business, and to connect technology with production. We also encourage the students to learn managerial thinking, innovative and entrepreneurial thinking, and related skills and methods, so as to establish a complex cognitive system of “tech-nology + management”.

Secondly, advocation in experiential learning. Tsinghua x-lab used many experiential learning channels such as AI study, AI mara-thon, Innovate48 entrepreneurial marathon, x-Camp accelera-tion camp, x-Cute entrepreneurial camps, residential upgrading acceleration camp, environmental energy entrepreneurship acceleration camp, and medical innovation marathon to cultivate students’ ability.

Thirdly, collaborations with enterprises. Tsinghua x-lab invited Peter Thiel to teach the course of “Startup Thinking”; cooperated with Facebook on the course of “Innovation and Entrepreneur-ship: Insights from Silicon Valley; and developed the course jointly with Zhongguancun Development Group on “Innovation and Entrepreneurship: Insights from China”. Students from different departments and schools at Tsinghua worked together in inter-disciplinary and cross-cultural learning atmosphere to design business plans for innovative projects, went into enterprises for field studies, and experienced a shift from mental exercises at school to physical presence in the real world.

Fourthly, engagement with high-level business executives. A regular event of Tsinghua SEM Advisory Board member dialogues with Tsinghua students has been held in conjunction with the Advisory Board meeting annually. Dean QIAN Yingyi has had a series of “fireside chats” with noted entrepreneurs and business executives, such as Mark Zuckerberg, Founder and CEO of Face-book, Satya Nadella, CEO of Microsoft, ZHANG Yiming, Founder and CEO of Bytedance, and Neil Shen, Founding and Managing Partner of Sequoia China. Tsinghua x-lab also held “TED Frontier Science and Technology Forum”, “Aurora Borealis Innovation Seminar”, “ACT TALK: Art, Innovation and Technology Lectures” to inspire Tsinghua students.

Fifthly, international perspective. Students participate in summer camps of the European Institute of Innovation Academy (EIA) and the innovative and entrepreneurial teams took part in practices and studies in US, Germany, Israel, Singapore, Switzerland, India and other countries to explore the true meaning of international business.

The 5-year’s journey of Tsinghua x-lab is itself a startup process. We can say that Tsinghua x-lab has created an educational plat-form for creativity, innovation and entrepreneurship with the simi-lar mindset and passion of creative and innovative entrepreneurs.

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2017-2018 Annual ReportTsinghua University School of Economics and ManagementHighlights

15 Projects of Tsinghua SEM Approved by National Natural Science Foundation of China in 2017On August 21, 2017, 15 Projects of Tsinghua SEM were approved by National Natural Science Foundation of China, including 1 outstanding Youth Fund Project (LU Yao), 9 General Programs (CHEN Guoquan, CHEN Rong, LI Dan, LI Jizhen, LIU Hongyan, LIU Qing, QU Qing, WEI Qiang and ZHENG Xiaoming), 3 Youth Science Fund Projects (HONG Shengjie, LI Xixi and MEI Liang), 1 Overseas and Hong Kong/Macao Scholar Cooperative Research Fund (ZHENG Xiaoming and Co-Author LIAO Hui) and 1 Foreign Youth Scholar Research Fund (Hoan Soo Lee).

The Second Executive Management Training (EMT) Program HeldOn September 4, 2017, Tsinghua SEM held the opening ceremo-ny of the 2nd Executive Management Training (EMT) Program. This training program was designed for senior executives of China’s state-owned enterprises for 2-month off-the-job train-ing and aimed to help them gain the integrated management knowledge and global perspective required to lead their organi-zations in the new era of economic development.

LIU Chun, XUE Jian and XIE Deren Honored with Teaching Excellence Award of Tsinghua University 2016On September 5, 2017, LIU Chun, Associate Professor in the Department of Finance of Tsinghua SEM, XUE Jian, Associate Professor in the Department of Accounting of Tsinghua SEM and XIE Deren, Professor in the Department of Accounting of Tsinghua SEM were among a total of 99 faculty members were honored with Teaching Excellence Award of Tsinghua University 2016.

Forum of “Insight: Technology Drives Growth” HeldOn September 8, 2017, China Enterprise Development and M&A Research Center of Tsinghua SEM launched the forum “Insight: Technology Drives Growth”, cooperating with Executive Educa-tion Center and EMBA Education Center of Tsinghua SEM. The forum focused on artificial intelligence and biotechnology.

Tsinghua SEM X-elerator Shenzhen Space LaunchedOn September 10, 2017, Tsinghua SEM X-elerator Shenzhen

Space launched. It combined the features of local talents, industrial layouts and policy advantages, focusing on artificial intelligence and supporting entrepreneurial teams. It aimed to provide the internal innovation solution and services of interna-tionalization for local enterprises.

Tsinghua x-lab and Zhongguancun Development Group Jointly Launched a CourseOn September 26, 2017, Tsinghua x-lab and Zhongguancun Development Group jointly launched a course “Innovation and Entrepreneurship: China Insight”. It is a practical and experien-tial course, requiring students to form entrepreneurial plans in teams, at the same time, to experience entrepreneurial enter-prises in Zhongguancun. It is a pioneer among such courses. Students also visited renrendai.com, IFLYTEK, Sogou, Bei Gene and BOE to get insights from their founders.

BAI Chong-En Won the 17th Sun Yefang Economic Science AwardOn September 29, 2017, the joint paper entitled “The Productiv-ity Interpretation of China’s Economic Slowdown” by Mansfield Freeman Chair Professor BAI Chong-En, Executive Associate Dean of Tsinghua SEM and ZHANG Qiong (Ph.D. 2008), Associate Professor of School of Public Administration of Renmin Univer-sity won the 17th Sun Yefang Economic Science Award.

Institute for Cultural Economy of Tsinghua Uni-versity EstablishedOn October 10, 2017, Institute for Cultural Economy of Tsinghua University was established. It is an interdisciplinary research institution jointly established by Tsinghua SEM, School of Arts of Tsinghua University and School of Journalism of Tsinghua University.

Professor LI Zinai and Professor PAN Wenqing Honored with China Quantitative Economics Out-standing Contribution PrizesOn October 21, 2017, China’s Economic Society has awarded scholars that made remarkable contributions in quantitative economics for the first time. Professor LI Zinai, Department of Economics of Tsinghua SEM, was honored with “China Quan-titative Economics Outstanding Contribution Prize”. Professor PAN Wenqing, Department of Economics of Tsinghua SEM, was awarded with “China Quantitative Economics Outstanding Scholar Prize”.

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Highlights

Tsinghua SEM Undergraduate Students Won Gold Prizes of Social Practice of Tsinghua UniversityOn October 24, 2017, 4 teams and 1 undergraduate student of Tsinghua SEM won Social Practice Awards of Tsinghua Uni-versity 2017. The “Guizhou” team won gold team prize, ZENG Zheng (Class 2018) was honored with gold individual prize. The “Suzhou” team was awarded with silver prize, the “Qinghai” team and “Ya’an” team won bronze prizes. This is the first time that Tsinghua SEM won the gold prizes both for teams and for individual in 3 years.

Tsinghua SEM Held the 2017 Advisory Board MeetingOn October 28, 2017, Mark Zuckerberg, Tsinghua SEM Advisory Board Member and Founder and CEO of Facebook, had met with 300 students from Tsinghua x-lab and dialogued with Dean QIAN Yingyi at Tsinghua SEM.

On October 28, 2017, the “Tsinghua Students Dialogue with Board Members” were held. A total of 16 Board members joined 17 Tsinghua SEM classrooms to interact with the students.

On October 29, 2017, Brian L. Roberts, Tsinghua SEM Advisory Board Member and Chairman and CEO of Comcast, had a dia-logue with Dean QIAN Yingyi.

On the morning of October 30, 2017, the Tsinghua SEM 2017 Advisory Board Meeting was held, with 38 Board members participating in the meetings and related activities. Dean QIAN Yingyi presented School Updates to the Board in 6 areas: highlights of academic programs, international recog-nitions, academic discipline development strategy, financial and infrastructure support, school culture development, and board member activities. Executive Associate Dean BAI Chong-En and Associate Dean XU Xin reported on “Develop-ment of Faculty” and “Faculty and Research” respectively. Board members discussed various issues concerning the development of the School.

President XI Jinping Met with Members of Tsing-hua SEM Advisory BoardOn the afternoon of October 30, 2017, Chinese President XI Jin-ping met with members of Tsinghua SEM Advisory Board at the Great Hall of the People.

ZHU Rongji, LIU Yandong, MA Kai, CHEN Yuan and

ZHOU Xiaochuan Met with Members of Tsinghua SEM Advisory BoardOn the afternoon of October 30, 2017, Founding Dean of Tsin-ghua SEM and Honorary Chairman of Tsinghua SEM Advisory Board ZHU Rongji and his wife Lao An, Chinese Vice Premier LIU Yandong, Chinese Vice Premier MA Kai, Vice Chairman of the 12th CPPCC National Committee CHEN Yuan and Vice Chairman of the 12th CPPCC National Committee and former Governor of the People’s Bank of China ZHOU Xiaochuan met with members of Tsinghua SEM Advisory Board at the Diaoyutai State Guest-house.

Tsinghua SEM Renewed a Cooperation Agreement with the Bank of ChileOn November 13, 2017, Jorge Heine, Chilean to China Ambas-sador, Ignacio Sánchez, President of the Catholic University of Chile and Eduardo Ebensperger Orrego, CEO of Bank of Chile visited Tsinghua University and signed the Tsinghua - Catholic University of Chile - Chile Bank tripartite cooperation memoran-dum. They also renewed the Tsinghua SEM - Chile Bank coop-eration agreement, the three parties will continue to strengthen the strategic cooperation relationships.

BAI Chong-En’s Paper Published OverseasOn November 28, 2017, the joint paper entitled “A Research on China’s Economic Growth Potential” by Mansfield Freeman Chair Professor BAI Chong-En, Executive Associate Dean of Tsinghua SEM and ZHANG Qiong (Ph.D. 2008), Associate Profes-sor of School of Public Administration of Renmin University was published by Routledge and distributed overseas.

Professor JIA Ning’s Paper Awarded the Best Pa-per of Asia-Pacific Financial Markets Internation-al Conference 2017On December 8, 2017, Professor JIA Ning’s paper “The Holy Grail of Teamwork: Management Team Synergies and Firm Innovation” was awarded the Best Paper of Asia-Pacific Finan-cial Markets International Conference 2017 among nearly 300 papers in 23 countries.

G20 Round Table on Entrepreneurship HeldOn December 14, 2017, G20 Round Table on Entrepreneurship was held. HAO Bin, Director of the International Division of Ministry of Human Resources and Social Security of China and

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Deputy Director of Management Committee of G20 Entrepre-neurship Research Center, QIAN Xiaoyan, Deputy Director of In-ternational Division of Ministry of Human Resources and Social Security of China and Professor GAO Jian, Secretary of the Party Committee of Tsinghua SEM and Director of G20 Entrepreneur-ship Research Center, attended the event together with relevant representatives and experts discussing on education of entre-preneurship, entrepreneurial finance, sustainable development and social security of entrepreneurs etc.

4 Alumni Associations of Tsinghua SEM Estab-lishedOn December 16, 2017, 4 Alumni Associations of Tsinghua SEM established. They were Real Estate Association, Finance Associ-ation, Entrepreneur Association and Table Tennis Association.

The First China Job Market for Economists HeldFrom 18 to 19 December 2017, Tsinghua University School of Eco-nomics and Management, Peking University Guanghua School of Management, The Chinese University of Hong Kong Department of Economics, Fudan University School of Economics and Shang-hai University of Finance and Economics jointly launched the first China Job Market for Economists, attended by nearly 30 universi-ties and more than 100 outstanding doctoral graduates overseas.

Dean QIAN Yingyi Participated in His 100th Ses-sion of “Afternoon Tea with the Dean”On December 21, 2017, Dean QIAN Yingyi participated in his 100th session of “Afternoon Tea with the Dean”. Dean QIAN participated in his first session of “Afternoon Tea with the Dean” in November 2016 after he became the dean. He then expanded the programs to Second Degree of Undergraduate Programs, Doctoral Program, Master’s Programs, Part-time MBA Pro-gram, Global MBA Program and collaborative degree programs with overseas universities.

YANG Weimin, Deputy Director of the Office of the Central Leading Group of Finance and Economics, Gave a Speech on the 19th CPC National Congress ReportOn January 4, 2018, Tsinghua SEM held the Study of the 19th CPC National Congress Report. YANG Weimin, Deputy Director of the Office of the Central Leading Group of Finance and Eco-nomics, gave a keynote speech.

Dean QIAN Yingyi’s Work Selected into the “Re-search Highlights of Tsinghua University 2017”On January 18, 2018, the “Research Highlights of Tsinghua University 2017” (10 in total) were released at the first annual Scientific Research and Innovation Exchange Conference of Tsinghua University. Dean QIAN Yingyi’s work “University for Students: Thoughts and Practice of Education Reform at Tsing-hua SEM” was selected into the “Research Highlights of Tsing-hua University 2017”.

Tsinghua SEM 4 Professors Selected into the List of Elsevier Chinese Most Cited Researchers 2017On January 19, 2018, Elsevier released the list of most cited researchers in China of 2017. Professor CHEN Guoquan, Vice Chair of Department of Leadership and Organization Manage-ment, Associate Professor Steven White, Department of Leader-ship and Organization Management were selected into the list of “Business, Management and Accounting”. Mansfield Freeman Chair Professor BAI Chong-En, Associate Executive Dean of Tsinghua SEM and QIAN Yingyi, Dean of Tsinghua SEM, were se-lected into the list of “Economics, Econometrics and Finance”.

Tsinghua SEM and Baidu Jointly Released a Re-search ReportOn January 19, 2018, Institute of Internet Development and Governance Research Center of Tsinghua SEM and Baidu jointly released a research report entitled “China Economic Digital Transformation Driven by AI - The Report of AI Social Cognition and Application Demand”. The report was set in the background of current development of AI to the Chinese economy and the influence of digital transformation based on Baidu search data over the last 4 years. It aimed to help the government, industry and individuals better understand China’s economic influence and driving force of AI in the process of digital transformation.

Dean QIAN Yingyi Elected as Distinguished Pro-fessor of Arts, Humanities and Social Sciences of Tsinghua University in 2018On January 21, 2018, Dean QIAN Yingyi was elected as Distin-guished Professor of Arts, Humanities and Social Sciences of Tsinghua University. The Distinguished Professorship of Arts, Humanities and Social Sciences is the highest academic title in arts, humanities and social sciences granted by Tsinghua University.

12

Economics to Promote the National Development and the Cultural Renaissance”On April 15, 2018, Hong Hai Chair Professor WEI Jie, Depart-ment of Innovation, Entrepreneurship and Strategy of Tsinghua SEM and Dean of Tsinghua University Institute for Cultural Economy, supervised the research team and released the report on “Building Cultural Economics to Promote the National Devel-opment and the Cultural Renaissance”. This is the first research report specializing in combining the fields of culture and eco-nomics in Tsinghua University.

Professor QIAN Xiaojun and Associate Profes-sor WEI Qiang Honored with Outstanding Faculty Award of Tsinghua University 2017On April 27, 2018, Professor QIAN Xiaojun, Department of Leadership and Organization Management of Tsinghua SEM and Associate Professor WEI Qiang, Department of Management Science and Engineering of Tsinghua SEM, were honored with Outstanding Faculty Award of Tsinghua University 2017.

Tsinghua SEM Championed the 61st Tsinghua “MA Yuehan Cup” in its Track CompetitionOn April 29, 2018, Tsinghua SEM won the 61st Tsinghua “MA Yuehan Cup” of team championship in its track competitions, women team championship, women’s football, badminton, and marathon competitions.

“Face to Face between the Dean and Alumni 2018” HeldOn April 29, 2018, on the occasions of the celebration of the 107th anniversary of Tsinghua University and the 34th anniver-sary of Tsinghua SEM, the event of “Face to Face between the Dean and Alumni” was held. Dean QIAN Yingyi presented the State of the School to the alumni.

“Alumni Reunion 2018” HeldOn April 29, 2018, on the occasions of the celebration of the 107th anniversary of Tsinghua University and the 34th anniversary of Tsinghua SEM, the event of “Alumni Reunion” was held. FANG Xinghai (Class 1985), XIU Jun (Class 1990), WEI Li (Class 1991), SI Hong (Class 1992), YI Ping (MBA 2000), CHENG Jiuyan (Class 2004), JIN Qin (Class 2008), AN Qi (Class 2008) and ZHANG Yifan (MBA 2010) have shared their life and work experiences, as well as their understandings of the industrial development trends.

G20 Entrepreneurship Research Center Re-leased “The Global Entrepreneurship Observation 2016/2017 China Report”

On January 27, 2018, G20 Entrepreneurship Research Center of Tsinghua University and Tsinghua University TusPark Research Institute for Innovation jointly released the “Global Entrepre-neurship Observation 2016/2017 China Report”. The topic of the report is “Quality, Environment and International Comparison of Entrepreneurship in China”, which analyzes the China’s entre-preneurial activities and those of the G20 economies.

The First Tsinghua SEM Values Day Held

On January 11, 2018, the first Tsinghua SEM Values Day was held. The Core Values are “Integrity, Dedication and Respect”. A total of 130 faculties and students attended the event.

CHEN Yuan, Vice Chairman of the 12th CPPCC and Former Chairman of China Development Bank, at-tended the Launch of Tsinghua University’s Global Private Equity Research Institute

On March 22, 2018, the launch of the Global Private Equity Re-search Institute of Tsinghua University and the forum of Sino-US Private Equity were held. CHEN Yuan, Vice Chairman of the 12th CPPCC and former Chairman of China Development Bank, delivered a keynote speech at the event.

Dean QIAN Yingyi Elected into the List of 50 Most Influential Business Leaders in China 2018 by Fortune China Magazine

On April 10, 2018, Fortune China Magazine released its list of “China’s 50 Most Influential Business Leaders of 2018”. Dean QIAN Yingyi was ranked 22nd on the list for his unique influence in China’s business community.

Tsinghua SEM Women’s Football Team Maintained the Championship of the “MA Yuehan Cup”

On April 15, 2018, Tsinghua SEM and the School of Life Sciences held the final of “MA Yuehan Cup” in women’s football game. The Tsinghua SEM women’s football team championed with the score of 2-1.

Tsinghua University Institute for Cultural Econ-omy Released the Report on “Building Cultural

Highlights

13


Assessment of Economics and Management De-gree Programs at Tsinghua SEM Completed

From May 8 to May 9, 2018, degree programs in economics and management at Tsinghua SEM were assessed on-site by ex-ternal experts. They stated that the development goals of these degree programs were clear, with a high standard of interna-tionalization.

President and CEO of BMW Group Region China Gave a Lecture at Tsinghua SEM

On May 10, 2018, Jochen Goller, President and CEO of BMW Group Region China gave a lecture on “BMW in the Digital Age”, and answered questions from MBA students of Tsinghua SEM.

Tsinghua SEM Won 5 Prizes of Beijing Education Achievement Award 2017

On May 11, 2018, Tsinghua SEM won 1 first prize and 4 second prizes of Beijing Education Achievement Award 2017. “Tsin-ghua MBA Education Reform and Innovation Practice” jointly by Professor QIAN Yingyi, Professor GAO Jian, Professor QIAN Xiaojun, Professor LI Jinliang and Professor ZHANG Jin was honored with the first prize. “Innovation Management: Winning Sustainable Competitive Advantage (2nd edition) (textbook) jointly by Professor CHEN Jin, “Discover and Cultivate Cre-ative, Innovative and Entrepreneurial Talents - an Exploration of the New Education Platform of Tsinghua x-lab” collaborat-ed by Professor QIAN Yingyi, Professor GAO Jian, Associate Professor ZHANG Wei, MAO Donghui and Associate Professor Steven White, “Value Building: Professional Ethics and So-cial Responsibility in the Process of Economic Management Personnel Training” written by Professor YANG Bin, Professor QIAN Xiaojun, Associate Professor JIANG Peng, Associate Professor JIN Yongjun and Assistant Professor DUAN Zhirong and “Exploration on Intercultural and Interdisciplinary Learn-ing Models for Doctoral Students on Academic and Profession of Theory and Practice” cooperated by Professor LI Jizhen won the second prizes.

China Enterprise Research Center of Tsinghua SEM Released “2018 Brand Value List of Chinese Listed Companies”On May 19, 2018, China Enterprise Research Center of Tsing-hua SEM and National Business Daily jointly released the “2018 Brand Value List of Chinese Listed Companies”. The work

utilized the branding research advantages of China Enterprise Research Center accumulating over 10 years, it also combined market insights from National Business Daily, one of the most influential mainstream financial media in China. The List filled the gap in several domestic research fields and redefined the values of around 4,000 mainland-listed companies from brand-ing perspectives.

The Final of the 5th President’s Cup of Innovation Challenge of Tsinghua University and the 5th An-niversary Conference of Tsinghua x-lab HeldOn May 26, 2018, the final of the 5th President’s Cup Innova-tion Challenge of Tsinghua University and the 5th Anniversary Conference of Tsinghua x-lab were held. “Meijia Robots” team won President’s Innovation Challenge “Jiatong” Gold Award and Technical Innovation Award.

At the meeting, Professor YANG Bin, Vice President of Tsinghua University, addressed that Tsinghua x-lab has become a model of Tsinghua talent educating programs and a leading educa-tional platform for creativity, innovation and entrepreneurship among colleges and universities in the past 5 years.

In his keynote speech, Dean QIAN Yingyi recounted that Tsing-hua x-lab was launched 5 years ago by Tsinghua SEM and was positioned as an educational platform for creativity, innovation and entrepreneurship to serve students, alumni and faculty of Tsinghua University.

Dean QIAN Yingyi stressed that the cultivation of creative talents is a central issue of China’s education in the future, and the cultivation of creative and innovative entrepreneurs is the re-sponsibility of business schools. Tsinghua x-lab is an attempt to achieve that goal.

The Study on National Strategic Planning for Re-gional Development HeldOn May 28, 2018, the study session on national strategic planning for regional development was held. ZHANG Jian-min, Deputy Director of Planning Division of National De-velopment and Reform Commission, Doctor XU Ce, Director of Local Planning Department of National Development and Reform Commission and LIN Mingjin, Deputy Director of Beijing Economic Information Center were invited to make presentations on the national strategic planning for regional development and the layout of Beijing-Tianjin-Hebei devel-opment strategy.

14

Highlights

Associate Professor LI Jizhen and Professor XU Xin Honored with Outstanding Mentor Award of Tsinghua University 2018

On May 29, 2018, LI Jizhen, Associate Professor of Depart-ment of Innovation, Entrepreneurship and Strategy of Tsin-ghua SEM and XU Xin, Professor of Department of Manage-ment Science and Engineering of Tsinghua SEM both were honored with Outstanding Mentor Award of Tsinghua Univer-sity 2018.

Professor LU Yi and Associate Professor MA Hong Selected into the Cheung Kong Scholars Program 2017

On May 30, 2018, LU Yi, Professor of Department of Econom-ics of Tsinghua SEM, was selected as Specially Appointed Professor in the Cheung Kong Scholars Program 2017. MA Hong, Associate Professor of Department of Economics of Tsinghua SEM, was selected as Cheung Kong Young Schol-ar in the Cheung Kong Scholars Program 2017. Up to May 2018, there were 14 Cheung Kong Scholars at Tsinghua SEM, including 10 Specially Appointed Professors and 4 Young Scholars.

ZHANG Jiamin Won Tsinghua’s Top Academic Tal-ent Award for Graduate Students

On June 7, 2018, ZHANG Jiamin, a doctoral student in the field of Innovation, Entrepreneurship and Strategy of Tsing-hua SEM has been honored with the Tsinghua’s Top Aca-demic Talent Award for Graduate Students. It celebrates the highest academic achievements for Graduate Students during their studies in Tsinghua University. The final 10 winners were selected from a total of 30,000 graduate stu-dents.

JIAO Fangxing Honored with Staff Award of Tsing-hua University 2017

JIAO Fangxing, Assistant Dean for Administration, Director of Dean’s Office, Director of Alumni Center, was honored with Staff Award of Tsinghua University 2017. This award is the highest prize established by Tsinghua University since 2002 for out-standing performance by staff members of the University. It is the second time that the staff of Tsinghua SEM received this prize.

DialoguesDialogue between Dean QIAN Yingyi and ZHANG Yiming, CEO of Bytedance

On March 20, 2018, Professor QIAN Yingyi, Dean of Tsinghua SEM held an insightful two-hour long dialogue with Zhang Yiming, CEO of Bytedance. They covered the topics of “Personal Sharing of Startups”, “Context, not control,” “From BAT to TMD” and “Looking Forward”, etc.

Dialogue between Mansfield Freeman Chair Professor BAI Chong-En and Robert Steven Kaplan, President and CEO of Federal Reserve Bank of Dallas

On April 10, 2018, Mansfield Freeman Chair Professor BAI Chong-En, Executive Associate Dean of Tsinghua SEM partic-ipated in a dialogue with Robert Steven Kaplan, President and CEO of the Federal Reserve Bank of Dallas. They covered topics of the way forward for Sino-US economic relations.

Dialogue between Dean QIAN Yingyi and Neil Shen, Founding and Managing Partner of Sequoia China

On May 9, 2018, Professor Yingyi Qian, Dean of the Tsinghua SEM engaged in an insightful dialogue with Neil Shen, Founding and Managing Partner of Sequoia China, under the topics of “One Sequoia”, “Global Perspectives of Investment”, and “Passion and Curiosity” etc.

Tsinghua SEM Held Several Lecture Series Tsinghua Eminent Entrepreneur Lectures

On November 16, 2017, DING Wei, President of A. O. Smith China was invited to the Tsinghua Eminent Entrepreneur Lectures for a keynote speech on “Innovation on Corporate Culture”.

On December 6, 2017, GUO Wei, Chairman of the Board of Dig-ital China Holdings Ltd. spoke at the Tsinghua Eminent Entre-preneur Lectures on “Smart City and Big Data”.

On April 24, 2018, CHEN Liming, Chairman of IBM Greater China, delivered a keynote speech entitled “The Era of AI - En-terprise’s Innovation and Transformation” at Tsinghua Eminent Entrepreneur Lectures.

CHEN Daisun Memorial Lecture in Economics

On November 16, 2017, the award ceremony for the conferment of honorary professorship on Lars Peter Hansen by Tsinghua University was held. Lars Peter Hansen, 2013 Nobel Laureate in Economics and David Rockefeller Distinguished Service Professor

15


PAN Jian-Wei delivered School’s Commencement Address 2018

of University of Chicago, gave the CHEN Daisun Memorial Lecture in Economics on “Confronting a World of Economic Uncertainty”.

On July 9, 2018, Alvin Roth, Professor of Economics at Stanford University and 2012 Nobel Laureate in Economics, gave the CHEN Daisun Memorial Lecture in Economics on “Repugnant Transactions and Forbidden Markets”.

Arts and Humanities Salon

On December 14, 2017, the Arts and Humanities Salon was held at Tsinghua SEM. LI Nan, Head of China Philharmonic Orchestra and Vice Chairman of China Poly Group Corporation shared his ideas about Art and Life.

Physicist and Chief Scientist of Mozi PAN Jian-Wei Delivers Commencement Address at Tsinghua SEM Commencement 2018On July 8, 2018, Tsinghua SEM held its Commencement 2018 at Gymnasium of Tsinghua University. Tsinghua SEM Dean QIAN Yingyi reported that, during the academic year of 2017-2018, a total of 252 students in the undergraduate programs received bachelor degrees, 495 received second-degrees of undergradu-

ate programs, 980 students received master’s degrees (including MBA and EMBA), and 55 students received doctoral degrees. In total, 1,782 students received their degrees from Tsinghua SEM.

Student representatives of 8 programs shared their academic and personal experiences at Tsinghua SEM, and showed how joining Tsinghua SEM have changed their lives. They were ZHOU Xiang (Undergraduate Program), LI Yimeng (Second-Degree Undergraduate Programs), RAN Yuanjin (Master’s Programs), ZHU Xu (MBA Program), NI Ankang (Tsinghua-MIT Global MBA Program), LIANG Kai (EMBA Program), Giorgio Fortunato (Tsin-ghua-INSEAD dual-degree EMBA Program) and ZHANG Jiamin (Ph.D. Program).

Professor PAN Jian-Wei, Physicist, Chief Scientist of Mozi, Aca-demician of Chinese Academy of Sciences, Director of the CAS Center for Excellence in Quantum Information and Quantum Physics and Executive Vice-President of University of Science and Technology of China, delivered his commencement address.

He discussed on the theme of the value of science, both for individuals and for the society. He shared with the graduates his personal experiences as a scientist as well as his philosophic thinking on the topic.

16

Undergraduate Programs

Undergraduate Degree Programs

Total Admissions

Employment of Class 2017

Female International StudentsEthnic Minorities

Admissions of Class 2021

26550.6% 23.8%7.2% 1.5%

Hong Kong, Macaoand Taiwan Students

23.3% 72.1%For Jobs For Graduate

Studies4.6%

Others

31.4%

51%

15.6%

2%

11.8%

9.8%

5.8%

5.8%

3.9%

3.9%

3.9%

2%

2%

6%

31.4%

13.7%

Type

0% 10 20 30 40 50 60 70

0% 10 20 30 40

Industry

TMT (Technology/New Media/Telecom)

Consulting

Investment Banking

Investment (PE/VC/Trust)

Funds

Financial Services

Services (Logistics/Education/Training)

Banks

Manufacturing

Real Estate

Media/Entertainment/Advertisement

Others

Foreign-invested / Joint Venture

Private Enterprise

State-owned Enterprise

Government / Institution

17


Second Degree Undergraduate Program in Economics

Admissions of Class 2021, from 31 schools and departments of Tsinghua University

Undergraduate Programs

Second Degree Undergraduate Programs

Track of FinanceTrack of Economics

200 100300

Track of Management Track of FinancialAnalysis and Control

Track of Business Data Science

Track of InnovationEntrepreneurship and Leadership

168

Admissions of Class 2021, from 31 schools and departments of Tsinghua University

32 50 50

300Second Degree Undergraduate Program in Management

18

Doctoral Programs

65834

47

7.8%

Total Applicants

Number of Graduates

Total Admissions Admission Ratio

Employment

93.6% 6.4%OthersFor Jobs

Female Ethnic Minorities

Admissions

56.9% 6.2%

6.8%

47.7%

45.5%

0% 10 20 30 40 50 60 70

54.5%

29.5%

13.6%

2.4%

0% 10 20 30 40 50 60 70

Education

Enterprise

Government / Institution/ Nonprofit

Government/Institution/Nonprofit

State-owned/Institution

Private Enterprise

Foreign-invested/Joint Venture

Type Industry

19

2017-2018 Annual ReportTsinghua University School of Economics and ManagementMaster’s Programs

21382Total Applicants Total Admissions Admission Ratio

Employment

5.5%

Female Ethnic Minorities

Admissions

47.6% 9.5%

88% 12%For Further

StudiesFor Jobs

Master of Science Programs

45.5%

36.4%

13.6%

4.5%

0% 10 20 30 40 50

0% 10 20 30 40

22.7%

18.2%

13.8%

13.8%

9.1%

9.1%

4.5%

4.5%

4.5%


Private Enterprise




Banks

Funds

Technology/Internet/Telecom/E-commerce

Investment Banking

Security

Real Estate



Type Industry

20

Master’s Programs

11.7%

ContinueEducation Others95.7% 3.2% 1.1%

For Jobs OthersFor Further Studies

Professional Master’s Programs

2321,977Total Applicants Total Admissions Admission Ratio

Employment

Admissions

Female Ethnic Minorities International, Hong Kong, Macao and Taiwan Students

44.4% 6% 11.6%

51.8%

24.4%

19.4%

4.4%

0% 10 20 30 40 50 60 70

0% 10 20 30 40

26.1%

17.8%

16.1%

14.4% 8.9%

5.6%

3.3%

2.2%

2.2%

1.1%

1.1%

0.6%

0.6%

Type Industry


Investment Banking

Funds

Banks

Security

Technology/Internet/Telecom/E-commerce

Government/Intitution/Nonprofit

Insurance

Finance

Wholesale/Retail/Trade

Consulting

Real Estate



Private Enterprise



21

2017-2018 Annual ReportTsinghua University School of Economics and ManagementMaster’s Programs

Total Applicants Total Admissions Admission Ratio

1651,320

Professional Master’s Programs

Master of Finance

Admissions by Programs

12.5%

0% 10 20 30 40

Total Applicants

Total Applicants

Total Admissions

Total Admissions

Admission Ratio

Admission Ratio

42

25

557

100

Master in Management

Tsinghua-Columbia Dual Master’s Degree Program in Business Analytics

7.5%

25%

Master of Accounting suspended in 2017.

22

MBA ProgramsMBA Programs

Tsinghua-MIT Global MBA Program


Admissions

Female International, Hong Kong, Macao and Taiwan Students Master’s and Ph.D Students

40% 35% 21.2%Average Years of Working ExperienceAverage Age

13.5%

28 4.6

74.2%

Employment

For Jobs 17.6%For

Startups8.2%

Others

Industry Functions

Finance / Accounting

General Management

Consulting / Strategy / Development

Research

Project Management

Marketing / Product Development

Sales / Customer Relationship Management

Others

Financial Services

Energy / Chemical Industry

Service Industry

Manufacturing

Technology / New Media/Telecommunications

Wholesale / Retail / Trade

Consulting

Government / Institution / Nonprofit

Pharmaceuticals / Healthcare / Biotechnology

Others

33%

8%

9%

10%

12%

5%

10%

6%

4%

3%

0% 10 20 30 40 50 60

32%

19%

11%

8%

7%

12%

6%

5%

0% 10 20 30 40 50 60

23

2017-2018 Annual ReportTsinghua University School of Economics and ManagementMBA Programs

Tsinghua MBA Program (Part-time)


Admissions

Female International, Hong Kong, Macao and Taiwan Students Master’s and Ph.D Students

33.5% 1.2% 31%Average Years of Working ExperienceAverage Age

33 9.6

8.4%


General Management

Consulting / Strategy / Development

Research

Project Management

Marketing / Product Development

Sales / Customer Relationship Management

Human Resources / Administration

Supply Chain Management

Public Service

Others

Industry Functions

Financial Services

Energy / Chemical Industry

Real Estate / Decoration

Service Industry

Media / Entertainment / Advertising / Public Relations

Manufacturing

Technology / New Media /Telecommunications


Consulting

Government / Institution / Nonprofit

Pharmaceuticals / Healthcare / Biotechnology

Others

21.4%

31.2 %

11%

5.3%

8.6%

6.8%

8.6%

3.6%

1.8%

0.6%

1.2%

26.4%

5%

8%

6.2%

3.3%

10.4%

22.9%

5%

2.4%

2.7%

4.2%

3.6%

0% 10 20 30

0% 10 20 30 40

24

EMBA Programs

Tsinghua-INSEAD Dual Degree EMBA Program (TIEMBA)


Admissions

Female

43% 72%Average Years of Working Experience Average Years of Management ExperienceAverage Age

37 14 7

International, Hong Kong, Macao and Taiwan Students

74.4%

0% 10 20 30 40 50 60 70 80 90

82%

6%

12%

Management Experiences

0% 10 20 30 40 50 60 70 80 90

Senior Management

Middle-level Management

76%

24%

Type

Foreign-invested Enterprise

Private Enterprise

Others

25

2017-2018 Annual ReportTsinghua University School of Economics and ManagementEMBA Programs

Tsinghua SEM EMBA Program


Admissions

Female Ethnic Minorities International, Hong Kong, Macao and Taiwan Students

21% 5.5% 4.3%Average Years of Working Experience Average Years of Management ExperienceAverage Age

40 16 11

31.7%

0% 10 20 30 40 50 60 70

8%

8%

55%

29%

Management Experiences

0% 10 20 30 40 50 60 70 80 90

Senior Management

Middle-level Management

88.5 %

11.5%

Type


Private Enterprise

Joint Stock Company

Others

26

Collaborative Degree Programs

24.8%

Tsinghua-CUHK MBA Program in Finance (FMBA)

Tsinghua-Sotheby's Master's Program in Art Business

Tsinghua-ENAC-ENPC Executive MBA Program Specialized in Aeronautics and Aviation Management (TEE-EMBA)

Tsinghua-ENAC Specialized Master Program in Aviation Management (Air Transport Management / Airport Management)

70

35

69

27

282

141

Total Applicants

Total Applicants

Total Admissions

Total Admissions

Total Admissions

Total Admissions

Admission Ratio

Admission Ratio

Admissions

Admissions

Admissions

Admissions

23.4%

27%

18.5%

41

Female

Female

Average Age

27

2017-2018 Annual ReportTsinghua University School of Economics and ManagementExecutive Education

4,672 3,288

83% 73%17% 27%

Number of Participants Faculty Teaching Hours

Participants Distribution Management Experience

Customized Programs Senior ManagementOpen Enrollment Programs Middle-level Management

Type Functions


Private Enterprise

Joint Stock Company

Others


Management

Human Resources

Information Management

Marketing

Product

Others

Government

Agriculture

Machinery and Equipment Manufacturers

Finance

Construction

Energy / Cleantech

Aerospace

Service

Pharmaceutials / Healthcare / Biotechnology

Transportation / Logistics

Industry

Education

Technology / Internet / Telecommunications


Real Estate / Decoration

Media / Entertainment / Advertising / Public Relations / Culture

Mining

Consumer Products

Others

5%

86%

1%

1%

4%

2%

1%

0% 10 20 30 40 50 60 70 80 90

46.3%

7.2%

21%

25.5%

0% 10 20 30 40 50

1.1%

1.1%

2%

44.2%

1.7%

5.8%

0.1%

5.5%

4.6%

8.6%

0% 10 20 30 40 50 60

1.1%

6.1%

3.8%

2.6%

0.7%

0.1%

1.8%

9.1%

0% 10 20 30 40 50 60

28

Education on Creativity, Innovation and Entrepreneurship

Number of Partcipating Students (Grand Total)

Registered Students (Grand Total)

Number of Registered Project Teams(Grand Total)

Courses (Grand Total)

Registered Students Courses

29,000+

227

1,318+

8

259 43

Entrepreneurs-in-Residence and Angels-in-Residence (Grand Total)

Corporate Partners (Grand Total)

60 500+

Financing Scale (Grand Total)

million yuan 30

Field Support (Grand Total) International Programs (Grand Total)

12 170

Tsinghua x-lab

Second Degree Program in Management (Innovation, Entrepreneurship and Leadership)

Cumulatively from April 2013 to July 2018

29

2017-2018 Annual ReportTsinghua University School of Economics and ManagementEducation on Creativity, Innovation and Entrepreneurship

Number of Participants (Grand Total) Number of Registered Project Teams (Grand Total)

6,000+ 149

Corporate Partners (Grand Total)

Financing Scale (Grand Total)

million yuan 5.27Global Entrepreneurial Leaders Club (GEL Club)

27

Courses (Grand Total)

50

Total Admissions (Grand Total) Admission Ratio (Grand Total)

Tsinghua SEM X-elerator

3.3%

Cumulatively from January 2015 to July 2018

30

Department Author from SEM Title of Paper Publication

Research

Selected Papers Published in International Journals in 2017

Journal Articles Published

In 2017, Tsinghua SEM faculty published 392 journal articles and 34 books. Among them, 81 were published in interna-

tional journals, 122 were published in Chinese core journals, 70 papers can be indexed by SCI/SSCI and 9 papers can be

indexed by EI. 3 cases in the Tsinghua SEM China Business Case Bank were accepted by the case publishing platform

of Harvard Business School.

Accounting

JIA NingSkin in the Game: General Partner Capital Commitment, Invest-ment Behavior and Venture Capital Fund Performance

Journal of Corporate Finance

JIA Ning Tournament Incentives and Audit FeesJournal of Accounting and

Public Policy

JIA NingDiversification of Pre-IPO Ownership and Foreign IPO Perfor-mance

Review of Quantitative Finance and Accounting

JIA NingCorporate Innovation Strategy, Analyst Forecasting Activities, and the Economic Consequences

Journal of Business Finance & Accounting

JIA NingShould Directors Have Term Limits? – Evidence from Corporate Innovation

European Accounting Review

Economics

HONG ShengjieInference in Semiparametric Conditional Moment Models with Partial Identification

Journal of Econometrics

LUO WenlanPersistent Heterogeneous Returns and Top End Wealth Inequal-ity

Review of Economic Dy-namics

LU Yi Product Cycle, Contractibility, and Global SourcingJournal of Development

Economics

MA HongHow Do You Export Matters: Choice of Export Modes and the Evolution of Productivity

Journal of International Economics

ZHENG Jie; ZHONG Xiaohan

Ex-ante Fairness in the Boston and Serial Dictatorship Mecha-nisms under Pre-exam and Post-exam Preference Submission

Games and Economic Behavior

31


Finance

HUANG ZhangkaiHayek, Local Information, and Commanding Heights: Decentraliz-ing State-Owned Enterprises in China

American Economic Re-view

LEE, Hoan Soo Peer Networks in Venture CapitalJournal of Empirical

Finance

SHEN TaoOrganized Labor and Loan Pricing: A Regression Discontinuity Design Analysis

Journal of Corporate Finance

Innovation, Entrepreneurship and

Strategy

CHEN Jin The Impact of OFDI on Firm Innovation in an Emerging CountryInternational Journal of

Technology Management

LI DonghongWhat Determines the Establishment of Chinese Multinational Enterprises’ Asian Regional Headquarters?

Management and Organi-zation Review

LEI JiasuInside the Virtuous Circle between Productivity, Profitability, Investment and Corporate Growth: An Anatomy of Chinese Indus-trialization

Research Policy

LI JizhenHow Entrepreneurs Leverage Institutional Intermediaries in Emerging Economies to Acquire Public Resources

Strategic Management Journal

LI JizhenFirm Performance and State Innovation Funding: Evidence from China’s Innofund Program

Research Policy

XIE ZhenzhenExport Intensity, Domestic Competition, and Product Innovation in an Emerging Economy

International Journal of Technology Management

ZHANG WeiInstitutional Environment and IPO Strategy: A Study of ChiNext in China

Management and Organi-zation Review

Leadership and Organization Management

WANG XiaoyeIs It New? Personal and Contextual Influences on Perceptions of Novelty and Creativity

Journal of Applied Psy-chology

ZHENG XiaomingWhy Do Employees Have Better Family Lives When They are Highly Engaged at Work

Journal of Applied Psy-chology


32

Research

Management Science and Engineering

GUO Xunhua; WEI Qiang; CHEN Guoqing

Extracting Representative Information on Intra-Organizational Blogging Platforms

Management Information Systems Quarterly (MISQ)

LIU HongyanMining Exploratory Behavior to Improve Mobile App Recommen-dations

ACM Transactions on Information Systems

WEI Qiang; CHEN Guoqing

Content and Structure Coverage: Extracting a Diverse Informa-tion Subset

INFORMS Journal on Computing

XU XinSeeking Value Through Deviation? Economic Impacts of IT Over-investment and Underinvestment

Information Systems Research (ISR)

XU XinDo Clients’ Enterprise Systems Affect Audit Quality and Efficien-cy?

Contemporary Accounting Research

YI ChengDesigning for Diagnosticity and Serendipity: An Investigation of Social Product-Search Mechanisms

Information Systems Research (ISR)

YE Qing Optimal Rebate Strategies Under Dynamic Pricing Operations Research

YE Qing;CHI WeiSupplier Behavior in Capacity Investment Competition: An Experi-mental Study

Production and Operations Management

Marketing

CHEN RongGo Beyond Just Paying: Effects of Payment Method on Level of Construal

Journal of Consumer Psychology

CHEN Rong;LIU WenjingThe Effects of Uppercase and Lowercase Wordmarks on Brand Perceptions

Marketing Letters

ZHANG Juanjuan ; ZHAO Ping; JIANG Xuping

Tweeting As a Marketing Tool：A Field Experiment in the TV Industry

Journal of Marketing Research

ZHENG YuhuangThe Effects of Promotions on Hedonic Versus Utilitarian Pur-chases

Journal of Consumer Psychology


33


Major Research Projects

• Professor LU Yao was approved by the Excellent Young Scientists Fund, National Natural Science Foundation of China (Corporate Governance and Financial Markets);

• Professor CHEN Jin was approved by National Social Science Fund of China (Setting up Research on Strategy Comparison and Realization Path of Global Technological Powerful Countries);

• Professor YANG Delin was approved by National Social Science Fund of China (Study on Innovation Driven Development Mecha-nism and Related Policy of China’s Manufacturing Industries in the Internet Environment).

4 New Research Centers Established • Institute for Cultural Economy, Tsinghua University

• Tsinghua University School of Economics and Management Center for Block-Chain Finance Research

• Tsinghua University School of Economics and Management Research Center for Digital Financial Assets

• Tsinghua University School of Economics and Management Center for Business Model Innovation Research

34

Alumni Statistics

Degree Programs Non-degree ProgramsCollabrativeDegree Programs

On April 28, 2018, the Annual Council Meeting for Tsinghua SEM Alumni Association was held in Beijing. More than 30 alumni

council members and representatives from various alumni organizations attended the meeting. Professor QIAN Yingyi, Dean

of Tsinghua SEM and President of Tsinghua SEM Alumni Association, said that alumni’s work has gone through from the “rapid

development”stage to a“new era”. He also expressed expectations for alumni’s work. Professor GAO Jian, Secretary of CPC Com-

mittee of Tsinghua SEM and Vice President of Tsinghua SEM Alumni Association, said that it would further improve the organiza-

tion and construction of alumni associations, and strengthen the activities of the alumni organizations. Alumni organizations also

briefed on their works throughout 2017 and plans in 2018.

During the celebrations for the 107th Anniversary of Tsinghua University from April 29 to April 30, 2018, the School held an annual

alumni forum. Dean QIAN Yingyi presented the School Update. Professor GAO Jian has announced the commendation list of alum-

ni associations.

On April 28, 2018, the first Tsinghua SEM Real Estate Finance Summit was held. Mansfield Freeman Chair Professor BAI Chong-

En, Executive Associate Dean of Tsinghua SEM, MO Tianquan, President of China Index Academy and Chairman of Fang.com and

Professor HU Biliang, Dean of Institute for the Belt and Road of Beijing Normal University, gave keynote speeches.

On June 25, 2018, the Bao’an Salon, which is a part of a series events of Tsinghua SEM Going to Guangdong, Hongkong and Macau

Greater Bay Areas was held in the central area of Bao’an, Shenzhen. MENG Jinjin, a member of Bao’an District Committee, in-

troduced the development and construction of Bao’an District in Shenzhen to the faculties, alumni and students. Professor CHEN

Yubo, Associate Dean of Tsinghua SEM, introduced the development of the School in recent years.

31,270 83,757 2,981

Alumni

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MBA Alumni ActivitiesOn November 5, 2017, Tsinghua MBA Alumni Mentorship Program was launched. On December 9, 2017, Tsinghua SEM MBA Alumni Council Annual Meeting was held in Shenzhen.

In academic year 2017-2018, Tsinghua MBA promoted “Alumni Life-long Learning Program” among alumni, and shared campus activi-ties with MBA alumni in order to increase interaction between alumni and students of different academic years.

EMBA Alumni Activities

In August 2017, Tsinghua SEM EMBA Alumni Association held the mid-year conference named “Social Commitment of Tsinghua, the Knowledgeable Journey to Tibet” in Tibet. In September 2017, Tsinghua SEM EMBA Alumni Association held the session of the Board of Directors Meeting of South China in Shenzhen. In November 2017, Tsinghua SEM EMBA Alumni Association held the session of the Board of Directors Meeting of East China in Shanghai. In December 2017, Tsinghua SEM EMBA Alumni Association held the session of the Board of Directors Meeting of Northeast China in Jilin. In December 2017, Tsinghua SEM EMBA Alumni Association held the session of the Board of Directors Meeting of North China in Hainan.

In January, 2018, Tsinghua SEM EMBA Alumni Association held the annual conference in Hangzhou, and more than 150 members from various alumni associations attended the conference. In April 2018, Tsinghua SEM EMBA Alumni Association held the Board of Directors Meeting of North China in Hebei. In May 2018, Tsinghua SEM EMBA Alumni Association held the Board of Directors Meet-ing of South China in Hong Kong. In June 2018, Tsinghua SEM EMBA Alumni Association held the Board of Directors Meeting of East & Northeast China in Fujian.

Executive Education Alumni Activities

In July 2017, Tsinghua SEM Executive Education Henan Alumni Association was established in Zhengzhou and the first Council meeting was held.

2017-2018 Annual Report -...

Documents

Transcript of 2017-2018 Annual Report -...