List of Participants: Ting Chen, Wells Fargo Xingzhong Chen ， Electronic Trading Alliance,Bernstein L.P. Zengjing Chen ， Shandong University Weinan E ， Princeton University Fangyu Fei ， China Finance Research Institute Guangshan Jiang , UBS Investment Bank Guangyan Jia ， Shandong University Xiaoyang Jiang ， Huatai Securities Lu Lin ， Department of Mathematics, Shandong University Ying Lu ， Business School of Jilin University Shige Peng ， Shandong University, Shanghai Jiao Tong University Yufeng Shi ， Shandong University Chongfeng Wu , Antai College of Economics & Management,Shanghai Jiao Tong University Lan Wu ， Department of Finance, Peking University Lihe Wang ， Department of Mathematics, Shanghai Jiao Tong University Dewen Xiong , Department of Mathematics, Shanghai Jiao Tong University Jilai Xu ， China Finance Research Institute Hong Yan ， Shanghai Advanced Institute of Finance Jian Yang ， Union Bank of California Yimin Yang ， Protiviti Inc Chun Zhang , Shanghai Advanced Institute of Finance Guodong Zhou ， Bank of China Lin Zhou ， Antai College of Economics & Management,Shanghai Jiao Tong University Xi Zhao ， China Academy of Financial Research,Advanced Zhiyi Zhang ， Department of Mathematics and Statistics;UNC Charlotte