Full-time Faculty

Faculty CV

Li An

GAO Hao


Associate Research Fellow

Director, Research Center for Global Family Business

Associate Director, Research Center for Green Finance

PBC School of Finance, Tsinghua University 


Email: gaoh@pbcsf.tsinghua.edu.cn 

CV

PERSONAL  PROFILE

GAO Hao is the Director of Research Center for Global Family Business and an Associate Director of Research Center for Green Finance at PBC School of Finance, Tsinghua University. He is a Co-Editor-in-chief of Wealth Management Journal, and the Editor-in-chief of Family Governance Series and Family Wealth Series. He teaches in the Master, MBA, DBA and Executive Education Programs at Tsinghua University. He is the Faculty Chair of Investment Banking, Wealth Management and Private Banking and Family Business Management, and the Academic Director of Executive Education Programs on Family Business, Family Office and Philanthropy Leadership.

He is a member of Global Future Councils/Expert Network of World Economic Forum (WEF), a council member of All-China Federation of Industry and Commerce’s Thinktank, a board member and the Public Policy Chair of STEP China Committee, a board member and research fellow of China Enterprise Reform and Development Society (CERDS), and an associate chair of China Will Registration Center’s Academic Committee.

His research focuses on family business, wealth management, corporate finance, family philanthropy and green finance. He has published 7 books, as well as 200+ academic papers, policy papers and case studies in leading academic journals such as Financial Management, Policy Research, Pacific-Basin Finance Journal, Journal of Contemporary China, Management World, China Industrial Economics, Journal of Financial Research, Insurance Studies, Taxation Research and leading policy/professional journals such as China Finance, Tsinghua Financial Review, Directors & Boards, New Fortune and China Family Business Review. He has co-authored 10 cases in the Harvard Business School Case Collection, including the first Chinese family office case, the first Asian private banking case and the first Asian university foundation case.

Gao is the principle investigator of numerous research projects, including grants from China Ministry of Commerce, China Ministry of Education, China Ministry of Civil Affairs, China Banking Association, Beijing Financial Supervision and Administration, Hong Kong Financial Services Development Council, Bill & Melinda Gates Foundation, UBS and HSBC. He is awarded the China Society for Private-Sector Economy Best Research Award (twice) and the Lixiang Mao Family Business Research Award (three times). His research and viewpoints are profiled in leading media domestic and abroad, such as CGTN, CNBC, Financial Times, Economist, Bloomberg, Businessweek, Xinhua News and Caixin.

He advises government organizations, including China Ministry of Finance, China Ministry of Commerce, China Ministry of Civil Affairs, China Banking and Insurance Regulatory Commission and Hong Kong Government. He advises/serves on the boards of several Fortune 500 Companies, leading financial institutions, and philanthropy foundations in China and the world.

He earned a bachelor degree (engineering), a Ph.D. degree (management) and two post-doctorates (finance and economics) from Tsinghua University, and a bachelor degree (economics) from Peking University. He holds Harvard Business School Corporate Director Certificate and Temasek Fellowship of Singapore Wealth Management Institute.


EDUCATION

2012             Ph.D. in Management, School of Economics and Management, Tsinghua University

2007             B.A. in Economics, National School of Development, Peking University

2005             B.Sc. in Engineering, Department of Automation, Tsinghua University

                     Vice President of Tsinghua University Student Union

                     Outstanding Graduate Award of Beijing


PROFESSIONAL  EXPERIENCE

2015-Present    Director, Research Center for Global Family Business,

                          PBC School of Finance,Tsinghua University 

2021-Present    Associate Director, Research Center for Green Finance,

                          PBC School of Finance,Tsinghua University 

2020-Present    Researcher, Research Center for Contemporary Management, Tsinghua University 

                          (Ministry of Education Key Research Institute on Humanities and Social Sciences)

2015-2020        Director, Strategic Cooperation and Development Office, 

                         Tsinghua University PBC School of Finance

2014-2015        Executive Director, China Finance Case Center, Tsinghua University PBC School of Finance

2017-2019        Postdoctoral Fellow (Economics), Tsinghua University PBC School of Finance

2013-2017        Postdoctoral Fellow (Finance), Tsinghua University PBC School of Finance

 

RESEARCH  INTERESTS

Family Business, Wealth Management, Corporate Finance, Capital Market, Green Finance


ACADEMIC APPOINTMENTS

World Economic Forum (WEF)

  • Global Future Council Member

  • Expert Network Member

Council Member, Think Tank of All-China Federation of Industry and Commerce

Board Member/Research Fellow, China Enterprise Reform and Development Society (CERDS)

Associate Chair of Academic Committee, China Will Registration Center

Youth Council Member, China Corporate Governance 50 Forum

Comittee Member and Chair of Public Policy, STEP China Comittee

Co-Editor, Journal of Weath Management

Editorial Board Member, Journal of Sustainable Finance and Accounting

Editorial Board Member, Journal of Digital Economy

Member, Family Firm Institute

Member, China Charity Alliance (CCA)


HONORS & AWARDS

1. Outstanding Policy Research Award, Chinese People's Political Consultative Conference (CPPCC), 2023

2. Outstanding Research Award, China Society for Private-Sector Economy, 2022

3. Book Prize of the 18th Lixiang Mao Family Business Research Award, Zhejiang University, 2022

4. Best Paper in 2022Q1, Financial Management

5. Second Prize for 4th China Business Case Contest, Tsinghua University, 2021

6. Best Paper in the 11th International Symposium on China Corporate Governance, Nankai University, 2021

7. Best Research Achievement Award, China Society for Private-Sector Economy, 2020

8. Second Prize for Outstanding Achievements in Taxation Research, Chinese Tax Institute (CTI), 2020

9. First Prize of the 15th Lixiang Mao Family Business Research Award, Zhejiang University, 2019

10. Best Paper in the 10th International Symposium on China Corporate Governance, Nankai University, 2019

11. First Prize of the 10th Lixiang Mao Family Business Research Award, Zhejiang University, 2014


TEACHING

2018-Present 

2019-Present

2022-Present

2022-Present

2013-Present

 

Wealth Management and Private Banking (80602141), Tsinghua University Master Course

Investment Banking (80602351), Tsinghua University Master Course

Family Business Management (80602681),Tsinghua University EMBA Course

Landscaping the Belt & Road Countries (70600211), Tsinghua University EMBA Course

Family Business, Wealth Management, Family Trusts, Family Office, Philanthropy Finance, Digital Transformation, etc., Tsinghua University Executive Education Programs


ACADEMIC  VISITS  AND  PROGRAMS

2023

2018

2018

2017

2015

 

2014

2013

Wealth Management Institute (Singapore)

Harvard Business School (HBS)

Wharton School, University of Pennsylvania

Stanford Graduate School of Business

Harvard Business School (HBS)

Awarded: Harvard Business School (HBS) Corporate Director Certificate

Kellogg School of Management, Northwestern University

IMD Business School


ACADEMIC  PAPERS (SELECTED)

(IN ENGLISH)

1. Geographic Proximity and Price Efficiency: Evidence from High-speed Railway Connections Between Firms and Financial Centers(with Yuanyu Qu, Tao Shen), Financial Management (SSCI), 2022, 51(1), 117-141.

2. Political Tie Hot Potato: The Contingent Effect of China's Anti-corruption Policy on Cash and Innovation (with Feifei Lv, Zhu Zhu, Lina Zhu), Research Policy (SSCI), 2022, 51(4), 104476

3. Media Spotlight, Corporate Sustainability and the Cost of Debt (with Jing He, Yong Li), Applied Economics (SSCI), 2022, 54(34), 3989–4005

4. Family Control and Cost of Debt: Evidence from China (with Jing He, Yong Li, Yuanyu Qu), Pacific-Basin Finance Journal (SSCI), 2020, 60(4), 101286.

5. Role of Family in Entrepreneurial Endeavour and Business in Hong Kong: Implications of Declining Fertility (with Victor Zheng), Journal of Contemporary China (SSCI), 2020, 29(4), 585-597.

6. An Entrepreneurial Migrant Family: The Rise of Aw Boon Haw’s Business Empire in the Asia-Pacific (with Victor Zheng), Asia and Pacific Migration Journal (SSCI), 2020, 29(2), 254-268.

7. Materialities and Corridors: The Chinese Diaspora and Connected Societies (with Cangbai Wang, Victor Zheng), Asia and Pacific Migration Journal (SSCI), 2020, 29(2), 133-138.

8. Where There is a Will, There is a Trust on the Way: Case Analysis of the First Testamentary Trust Judgment in China (with Jun Luo), Trust Quarterly Review, 2020, 18(3), 24-31.

9. Dynamism in Adversity: A Comparative Study of Trends in the Performance of Listed Family- and Non-Family-Controlled Companies in Hong Kong (with Victor Zheng, Po-san Wan), East Asia, 2018, 35(4), 359-378.

(IN CHINESE)

10. Strategic Response of Manufacturing Enterprises under Innovation Dilemma: Research on Innovation Performance below Aspiration and Responsive Search Behavior (with Yanling Lian, Weiwei Zheng), China Industrial Economics (CSSCI), 2023, 40(8), 174-192.

11. Impact of Information Readability on the Effectiveness of Information Disclosure in IPO Comment Letters' Responses (with Guangli Zhang, Huili Xue), Journal of Financial Research (CSSCI), 2023, (7), 173-192.

12. Managerial Learning Behavior in R&D Activities: A Peer Stock Price Perspective (with Xiao Jinli, Li Jialing, Zhang Pengdong), System Engineering Theory and Practice (CSSCI), 2023, 43(5), 1285–1299

13. Research on the Influence of Air Pollution on Green Technology Innovation of Listed Companies in Heavy Pollution Industries (with Kai Wang, Sanlin Wu, Chenye Wang), China Journal of Management (CSSCI), 2023, 20(3), 400-410

14. Charitable Donations from the Perspective of Crisis Management: Based on Data Analysis of Chinese Listed Companies (with Lina Zhu), Business Review (CSSCI), 2022, 34(11), 303-314

15. A Research of the Impact Negative Media Coverage on Corporate Strategic Response from the Perspective of Social Performance Feedback (with Yanling Lian, Weiwei Zheng, Yilin Liu), Chinese Journal of Management (CSSCI), 2022, 19(10), 1446-1455

16. Green Performance Feedback and Corporate Environmental Investment (with Lina Zhu, Zhengyuan Zhang), Journal of Finance and Economics (CSSCI), 2022, 48(7), 94-108

17. An International Comparison Research on the Inheritance Tax in the Common Prosperity Perspective (with Jing He), Taxation Research (CSSCI), 2022, (6), 77-82

18. Privatized Family Firms, De Novo Family Firms and Long-term Investments: A Psychological Ownership Perspective (with Yanling Lian, Yilin Liu), Quarterly Journal of Management (CSSCI), 2022, 7(2), 107-135

19. Executive Linguistic Styles in the Conference Call and Investors' Market Reaction (with Guangli Zhang, Ting Liang, Huili Xue), Journal of World Economy (CSSCI), 2022, 45(4), 217-244

20. The Third Distribution: An Ascendance of Wealth and Its Distribution Mechanism (with Ming Wang, Yuxin Lan, Mai Shi), Chinese Public Administration (CSSCI), 2021, (12), 103-111.

21. The Mechanism Research on the Third Distribution, China Nonprofit Review (CSSCI), 2021, 28(2), 13-20.

22. IPO Value Review and Stock Market Performance (with Guangli Zhang, Huili Xue), Economic Research Journal (CSSCI), 2021, 56(10), 155-171.

23.  “Entrepreneur + Official” Cooperation Policy and Enterprise Investment: Evidence from China Private Enterprise Survey Data (with Songqin Huang, Xiaobin He), China Journal of Economics (CSSCI), 2021, 8(4), 116-152.

24. Policy Uncertainty and Corporate Non-market Strategy: An Empirical Analysis Based on Chinese Family Listed Companies (with Lina Zhu, Xiaogang He), Business Review (CSSCI), 2021, 33(10), 273-288.

25. Synchronization of the Conference Call and the Stock Prices of Chinese Listed Companies (with Xiaotong Jian, Guangli Zhang), System Engineering Theory and Practice (CSSCI), 2021, 41(11), 2786-2805.

26. Nominal Price Illusion: Direct Evidence from Security Analysts’ Price Target (with Guihua He, Chenyu Cui, Yuanyu Qu), Journal of Financial Research (CSSCI), 2021, (6), 189-206

27. “Voting with Your Mouth” on Management Voluntary Disclosure (with Dan Wang, Kunpeng Sun), Journal of Financial Research (CSSCI), 2020, (11), 188-206

28. Administrative supervision over audit firms and stock price crash risk: Evidence from CSRC’srandom inspection (with Hai Wen, Sicen Chen, Jinli Xiao), System Engineering Theory and Practice (CSSCI), 2020, 40(11), 2769-2783

29. A Study on the Relationship between Family Control, Socioemotional Wealth and Corporate Charitable Donation (with Lina Zhu), Chinese Journal of Management (CSSCI), 2020, 17(11), 1679-1687

30. A Research on the Establishment of Insurance Trust Protector Mechanism (with Yanli Zhou, Jun Luo,), Insurance Studies (CSSCI), 2020, (9), 20-31

31. Interim CEO Successions and Media Coverage: An Evidence from Chinese Listed Companies (with Yanling Lian, Yilin Liu), China Industrial Economics (CSSCI), 2020, 37(8), 175-192

32. Does “Green” Have Economic Value? A Study Based on the Listed Companies in China (with Lina Zhu, Xiaogang He), Foreign Economics and Management (CSSCI), 2020, 42(7), 121-136

33. Tax Burden of Civil Trust in China: Analysis from the Perspective of Law (with Jun Luo), Taxation Research (CSSCI), 2020, (5), 97-103 (Lead Article)

34. Xiaogang He, Bellwether Effects? A Family Firm’s Leading Position in an Industry and Green Strategies(with Feifei Lv, Lina Zhu), Management Review (CSSCI), 2020, 32(3), 252-264

35. A Research on the Application of Insurance in Wealth Management(with Yanli Zhou), Insurance Studies (CSSCI), 2019, (11), 3-12 (Lead Article)

36. Does the Improvement of the Governance Mechanism Play a Repairing Role? A Study Based on the Relationship between Immoral Irregularities and Organizational Performance(with Yanling Lian, Yilin Liu, Kun Luo,), Foreign Economics and Management (CSSCI), 2019, 41 (7), 72-84

37. Controlling Shareholders’ Equity Pledge and CEO Dismissal (with Jinli Xiao,), Systems Science and Mathematical Sciences (CSSCI), 2019, 39 (4), 575-594

38. Dongxiao Wang Family Control, Socioemotional Wealth (SEW) and IPO Underpricing: An Empirical Study Based on Chinese Family Listed Companies(with Yanling Lian), Economic Management (CSSCI), 2016, 38 (8), 120-134

39. The Performance Aspiration Gap and the Strategy Adjustment: A Study Based on China’s Listed Companies (with Xiaogang He, Yanling Lian), Management World (CSSCI), 2014, 31(11), 119-132

40. The Influence of Enterprise Operating Model to IT Governance Model: A Multiple Case Study (with Tao Zhu, Jing Zhang), Science of Science and Management of S.&T. (CSSCI), 2011, 32(4), 138-146

41. Empirical Study on IT Governance Mechanisms for China's Enterprises (with Tao Zhu, Jing Zhang, Shaobo Song), Science of Science and Management of S.&T. (CSSCI), 2010, 31(4), 162-167

42. An Integrated Model for Evaluating IT Value in Firms from Resource-based View (with Jing Zhang, Jinghua Huang), Science of Science and Management of S.&T. (CSSCI), 2010, 31 (2), 130-136

 

POLICY  PAPERS

43. Digitalizing the China’s Private Banking Industry (with Lei Xu), Tsinghua Financial Review, 2023, (10), 109-112.

44. How to invest into the future for the Sovereign Wealth Funds in Middle East (with Zimou Sun), China Finance, 2023,(11), 78-79.

45. Green Sovereign Bonds: A Case Study on Saudi Arabia’s Sovereign Wealth Fund PIF (with Zimou Sun), Tsinghua Financial Review, 2023, (2), 103-106

46. Divesting the Fossil Fuel: A Green Finance Initiative from American Universities to the World (with Xueqian Chen), Tsinghua Financial Review, 2023, (1), 95-99

47. China Private Banking in the Perspective of Common Prosperity (with Lei Xu), Tsinghua Financial Review, 2022, (8), 81-86

48. China Family Office Landscaping (with Lei Xu), Finance and Economics, 2022, (15), 86-89

49. China Private Banking in the Perspective of the Third Distribution (with Lei Xu), China Finance, 2022(14), 85-86

50. An Research on Philanthropy Finance, Tsinghua Financial Review, 2022, (3), 51-54

51. The Regulation on Single Family Office (with Lei Xu), China Finance, 2022, (4), 85-86

52. What is Common Prosperity and How is China's Philanthropic Sector Advancing it? (with Jiawei Ye) World Economic Forum’s Davos Agenda, 10 Dec 2021

53. The Inheritance Policy for China’s Housing Assets (with Lei Xu), Finance and Economics, 2021, (15), 107-109

54. The Strategy of China’s Private Banking in the New Era (with Lei Xu), Tsinghua Financial Review, 2021, (3), 107-112

55. The Regulation of Family Offices with Global Perspectives (with Jun Luo), China Finance, 2020, (14), 59-60

56. China Private Banking Development Report (2019): Wealth Management for the High Net Worth Individuals in China (with Lei Xu), Tsinghua Financial Review, 2020, (2), 107-112

57. The Rise and Prospects of Family Offices in China (with Jiawei Ye), Tsinghua Financial Review, 2018, (10), 40-43

58. Dual-class Governance of Family and Business, Tsinghua Financial Review, 2015, (5), 101-102


CASES (SELECTED)

1. Burning the Sails to Save the Ship: The Pilati Family Dilemma (with Lauren Cohen, Grace Headinger, Jiawei Ye), Harvard Business School Case 223-081, 2023.

2. Baofeng's Philanthropic Efforts in China (with Lauren Cohen, Bo Li, Zhaoheng Gong), Harvard Business School Case 223-067, 2023.

3. Junson Capital (B): Digital Transparency in the Family Office (with Lauren Cohen, Trang Duong, Grace Headinger, Keven Wang), Harvard Business School Case 223-020, 2023.

4. Star Magnolia Capital: Experts at Finding Experts (with Lauren Cohen, River Ewing, Grace Headinger), Harvard Business School Case 223-038, 2022.

5. To SFO or Not to SFO: The Tolman Family Selects a Family Office Strategy (with Lauren Cohen, Victoria Alvarez-Arango, Grace Headinger, Mili Sanwalka, Anna Yuan), Harvard Business School Case 223-021, 2022.

6. Junson Capital (B): Is Digital Transformation a Proprietary Edge? (with Lauren Cohen, Trang Duong, Grace Headinger, Keven Wang) Harvard Business School Case 223-020, 2022.

7. ROI vs. ROI: The Grupo Baobá Family Office (with Lauren Cohen, Grace Headinger, Jiawei Ye), Harvard Business School Case 223-018, 2022.

8. The Incentive for Legacy: Tsinghua University Education Foundation (with Lauren Cohen, Spencer Hagist), Harvard Business School Case 221-100, 2021 (The first case of Asian University Foundation in the Harvard Business School Case Collection)

9. André Hoffmann: Beyond Philanthropy (with Lauren Cohen, Jiawei Ye, Spencer Hagist), Harvard Business School Case 221-093, 2021 (The family philanthropy case of Roche Group, one of the world's largest pharmaceutical company)

10. China Merchants Bank: Ushering in the Era of The Family Office in China (with Lauren Cohen, Billy Chan, Dawn Lau), Harvard Business School Case 220-032, 2019 (The first case of Asian private banking and Chinese multi-family office in the Harvard Business School Case Collection)

11. Junson Capital: Building an Institutionalized Family Office (with Christopher Malloy, Lauren Cohen, Dawn Lau,), Harvard Business School Case 219-069, 2018 (The first case of the Chinese family office in the Harvard Business School Case Collection)

12. SANY: The Digital Transformation of a Manufacturing Pioneer (with Jiye Mao, Xiaolin Zhu, Chong Ma, Siqi Wu, Nan Zou), Tsinghua University China Business Case Collection, 2022

13. China Merchants Bank: How to Build a World Leading Private Bank (with Lauren Cohen, Xu Lei, Spencer Hagist,), Tsinghua University China Finance Case Collection, 2019

14. Hermès: Family business equity design and hostile mergers and acquisitions (A)(B) (with Jiawei Ye), Tsinghua University China Finance Case Collection, 2015


BOOKS

1. China Family Office Report (2022), SDX Joint Publishing Company, 2023 (Chief Editor)

2. China Private Banking Report (2021), China Finance Publishing House, 2022 (Executive Editor)

3. Critical Choice: The Development Path of Chinese Family Businesses (with Victor Zheng), The Oriental Press, 2021

4. China Private Banking Development Report (2019) and China White Paper on Family Wealth Management and Succession, China Finance Publishing House, 2020 (Executive Editor)

5. Persisting in Charity: A Comparison of the Historical Origin and System of Charitable Trusts (with Victor Zheng), Chung Hwa Book Company, 2019

6. Succession beyond Three Generations: A Study on the Chinese Family Business Succession (with Victor Zheng), Tsinghua University Press, 2019

7. Succession Path: Challenges and Solutions for Chinese Family Businesses (with Victor Zheng), Chung Hwa Book Company, 2017

8. Entrepreneurial Successors: Reflections of Chinese Family Business (with Victor Zheng), SDX Joint Publishing Company, 2016

9. Create Enterprises from Zero: Hong Kong Families and Society (with Victor Zheng)

    · China Industry & Commerce Associated Press (Simplified Chinese Version), 2018

    · Chung Hwa Book Company (Traditional Chinese Version), 2016

10. The Road to University, New World Press, 2007


RESEARCH  PROJECTS

1. PI, ****** Research on Sovereign Wealth Funds, Granted by China Ministry of Commerce, 2023

2. PI, World Class Enterprise Research: Private Enterprise Perspective, Key Research Grant of All-China Federation of Industry and Commerce (QLZK23A003), 2023

3. PI, Sovereign Wealth Funds and Venture Capital, Granted by Development Research Center of the State Council, 2023

4. PI, ****** Research on Private Enterprises, Granted by China Central Commission of Finance and Economics, 2022

5. PI, Private Enterprises’ Roles in the Third Distribution, Key Research Grant of All-China Federation of Industry and Commerce (QLZK22A003), 2022

6. PI, Policy Research on Family Trusts and Philanthropy Trusts, Key Research Grant of All-China Federation of Industry and Commerce (QLZK22A004), 2022

7. PI, Investment Management Research of World Leading University Endowments, Key Research Grant of China Association of Higher Education (22JJ0203), 2022

8. PI, An International Comparison Study on Sovereign Wealth Funds, Granted by China Investment Corporation, 2022

9. PI, China Family Trusts Report, Granted by HSBC, 2022

10. PI, Research on Family Philanthropy, Granted by China Ministry of Civil Affairs, 2021

11. PI, Research on the Wealth Protection and Succession of Chinese Entrepreneurs, Key Research Grant of All-China Federation of Industry and Commerce (QLZK21A005), 2021

12. PI, China Family Office Report (2022), Granted by Hong Kong Financial Services Development Council (FSDC), 2021

13. PI, Hong Kong 2035: Strategy Research for the Global Wealth Management Center, Granted by Hong Kong Private Wealth Management Association (PWMA), 2021

14. PI, Research on the Next Generation Entrepreneurs, Granted by Country Garden Group, 2021

15. PI, Research on the Development Strategy of the Family Office, Granted by Beijing Local Financial Supervision and Administration, 2020

16. Executive PI [PI: Gang Xiao, former Chairman of China Securities Regulatory Commission (CSRC)], Entrepreneurship in the New Era: Research on the Family Business Succession and Quality of China Capital Market, 2019

17. Executive PI [PI: Yanli Zhou, former Vice Chairman of China Insurance Regulatory Commission (CIRC)], The Application Research of Insurance in Wealth Management, 2020

18. PI, China Private Banking Report (2023), Granted by China Banking Association, 2022

19. PI, China Private Banking Report (2022), Granted by China Banking Association, 2021

20. PI, China Private Banking Report (2021), Granted by China Banking Association, 2020

21. PI, China Private Banking Report (2020), Granted by China Banking Association, 2019

22. PI, China Private Banking Report (2019), Granted by China Banking Association, 2018

23. PI, Family Business Succession Research, Granted by Country Garden Group, 2018

24. PI, China Family Philanthropy Research, Granted by Bill & Melinda Gates Foundation, 2016

25. PI, Global Family Business Research, Granted by Sinar Mas Group, 2015

26. PI, China Family Office Research, Granted by UBS, 2013

27. Executive PI, Case Research on Chinese Family Businesses, Granted by Ping An Bank, 2013

28. Executive PI, Evaluation Systems for China Family Businesses, Granted by Ping An Bank, 2013