Peking University HSBC School of Business (PHSB) is expanded by the addition of Professor Gang Fan, one of the most famous economists in China, who will act as a full-time faculty and supervisor of PhD Candidates. Professor Gang Fang obtained his PhD degree from Chinese Academy of Sciences and carried out researches in National Bureau of Economic Research (USA) and Harvard University from 1985-1987.  In the year of 1991 and 2005, he was awarded “Sun Yefang Best Paper” (one of the highest academic award in the field of theoretical economics). Professor Fan is an expert in economy who has made distinguished contributions to the development and application of economic knowledge. Being the full-time faculty of HSBC School of Business (PHSB), he will deliver courses like seminars on Chinese economy, transformational economics, and developmental economics for postgraduates at PHSB.