Established in July 2006, Waterloo-CUFE Industry Research Laboratory is a joint research project between the Central University of Finance and Economics (CUFE) and the University of Waterloo (UW) in Canada. The laboratory is also an advanced platform in the service of both teaching and scientific research work for the whole university. The establishment of the laboratory will provide a strong support for the Central University of Finance and Economics to improve her future subject constructions and to keep abreast with other top class universities in China.