On May 16, 2015, Fudan School of Economics signed an MOU with the PBC School of Finance of Tsinghua University. The two schools have decided to jointly launch a program involving both online and offline elements, the first such initiative between two top universities in China. The program will first recruit among the non-finance undergraduate students of the two universities, hoping to satisfy demand for efficient and convenient study by making full use of modern information technology and sharing the two universities’ teaching resources. The two institutions will jointly set up the courses for the program and divide the teaching work between them. The teachers and students will use www.xuetangx.com for giving and receiving lectures and the two universities will recognize the credits of the online courses. Students completing the program successfully will be awarded a certificate for a minor or second major in finance.