The field of degenerate quantum gases is one of the most rapidly expanding areas in physics today. Fascinating, new quantum phenomena are continually emerging, raising issues fundamental to a variety of fields. Because of the increasing interdisciplinarity of degenerate quantum gases, this conference intends to bring together the most active researchers from the entire spectrum of activity to discuss forefront developments, as well as exciting future directions. [Sponsored by the Center for Advanced Study of Tsinghua University (CASTU)]