From November 22nd to 30th, 2025, as the Tsinghua-Stanford Exchange Program (STEP) marked its 20th anniversary, 44 faculty and students from the Stanford Graduate School of Business and the School of Economics and Management of Tsinghua University gathered in Beijing. Dean Bai Chongen attended the 20th anniversary welcome ceremony and delivered a speech, extending his best wishes for the 20-year cooperation between the two schools and encouraging the students to learn from each other and embark on a new journey through exchanges. Professors He Ping, Huang Zhangkai, and Jia Ning from the School of Economics and Management gave wonderful classes to the Chinese and American students, sharing stories about China. The program also organized visits to well-known enterprises such as Baidu, Tencent, and Alibaba, and held cultural experience activities such as curling competitions, building a bridge for cross-cultural communication and integration of industry, academia, and research for both sets of teachers and students, and continuing the 20-year cooperation story between the two schools.