The Project is initiated by the Beijing Municipal Human Resources and Social Security Bureau and related authorities to support young and middle-aged talents in academics and technology. It is an important part of the National High-level Talents Support Program (also called 10-Thousand-People Project).

Qi Yudong, born in September 1966, PhD, professor, advisor for doctoral and post-doctoral students, expert enjoying State Council Special Allowance, candidate for Beijing Hundreds-Thousands-Ten Thousands Talent Project, expert in Beijing Great Wall Scholar Development Project, dean of Chinese Industrial Economics Research Center, CUEB president assistant. His fields of study include industrial structure and government regulation, corporate governance and financial management.