Professor QIAN Yingyi, Dean of Tsinghua SEM, reported the work progress of the School to the Board. In the past year, the undergraduate education reform by SEM has achieved new advancement in general education, individual development and internationalization, which was also fully appreciated by the University administration and highly recognized by relevant authorities of the state. The Tsinghua EMBA program has accomplished remarkable achievements and innovative results in the past decade.  Tsinghua-INSEAD dual degree EMBA Program was ranked fourth out of 100 global EMBA programs by the Financial Times, topping the Chinese mainland business schools, which was also the best result ever achieved by all Chinese mainland business schools in FT. Regarding technology-enabled teaching, Tsinghua EMBA provides students with the innovative ‘iEMBA’, an iPad tool exclusive to Tsinghua EMBA, through which paperless teaching and the online interaction of community-based teaching between teachers and students are both realized, and is a truly operational teaching method based on the mobile network. As for faculty development, SEM has implemented the tenure system since January 1, 2012, which is endorsed by the University administration. SEM therefore becomes the forerunner in the reform of faculty development system across the University, actively promoted by President CHEN Jining.