Reference Letter

Dear Sir or Madam,

As Mr. Li, Yuanhangs request for a reference, I present my highest recommendation of his
candidacy for admission to your esteemed graduate program.
The first time we met each other was in May 2015. At that time he came to my office and discussed the
topic of financial thesis with me. As his advisor of graduation thesis, he gained my authority from his
unique insights and open mind. Yuanhang has been more than the ideal students. In order to pursue the
most perfect result and my deepest respect, he has demonstrated extreme carefulness, high efficiency
and maintained a clear sense of purpose. The topic of graduation thesis is The analysis of headquarters
economytake Singapore for example and it makes a benefit analysis of headquarters economy in
Singapore from five different aspects, to elaborate the headquarters economy has brought benefits for
Singapore in various aspects. At last, it gives the revelation for headquarters economy and development
in China through the general analysis of headquarters economy in Singapore. I still remember when
Yuanhang told me that the direction of thesis he would like to write was about the economic model of
headquarters, I sit up and took notice on his ideas. He had a unique perspective on the issues and I
really appreciated him for that. Under his constant efforts and after four times of revision, the
graduation thesis was smoothly passed.
As well as being extremely gifted academically, Yuanhang shows a high degree of leadership capacity
and organizational skills. He once organized Youth Red Ribbon Activity for Capital Colleges and
Universities and Love Empty Nester Action, which obtained the consistent high praise.
According to my contact with him, I think Mr. Li, Yuanhang is a very promising young man who is
worthy your consideration. Should you want further information about him, feel free to contact me
directly.
With best regards,
Xiao, Fengjuan
Associate Professor
Department of International Finance
Institute of Finance, Central University of Finance and Economics
Email: ###@cufe.edu.cn
Tel: 86-1362131####
Add: 39 South College Road, Haidian District, Beijing