On Jul. 8th, 2017, the opening ceremony of the Institute for Indo-Pacific Strategy Studies (IIPSS) jointly established by Fudan University and Yunnan University of Finance and Economics was held. Meanwhile, the firstDevelopment report of Indian Ocean (2018)was released. Professor Chen Zhimin, vice-president of Fudan University and professor Fu Runmin, president of Yunnan University of Finance and Economics, delivered speeches, emphasizing that the inauguration of such an institute itself reflects the strong willingness of both universities to contribute to the cause of the Belt and Road.