In recent years, world economy and international financial system are witnessing profound changes, demanding China’s state-owned enterprises (SOEs) and financial management authorities to adopt counter-measures. CELAP thus set up the Modern Financial Management and Innovation courses, targeting leading officials from SOEs, financial departments and government officials in charge of finance. Shanghai, which is one of the major financial hubs in the world, provides abundant resources in financial management. CELAP organized special studies on how to expand enterprise influence, how to speed up reforms in SOEs, how to push forward financial reforms and financial management in local economy. Major programs include SOE Internationalization, Enhancing Chinese Business Leaders’ Profile, Financial Innovations and Risk Management, Local Financial Management.