Dr. Xuan TIAN is currently Associate Dean and Chair Professor of Finance at PBC School of Finance, Tsinghua University. He is also the “Cheung Kong Scholar” Distinguished Professor, the director of the Global Merger & Acquisition Research Center and the director of the Finance MBA program at PBC School of Finance of Tsinghua University. Professor Tian is an award winning researcher in the areas of corporate finance and financial intermediation with special research interests on venture capital, private equity, corporate innovation, and payout policy. He has more than 20 academic papers published in leading academic journals including the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies.