This volume contains the proceedings from the International Conference on Operator Algebras and Operator Theory held at the East China Normal University in Shanghai (China). Participants in the conference ranged from graduate students to postdocs to leading experts who came from around the world. Topics covered in this title were $C^*$-algebras, von Neumann algebras, non-self-adjoint operator algebras, wavelets, operator spaces and other related areas. This work consists of contributions from invited speakers and some mathematicians who were unable to attend. It presents important mathematical ideas while maintaining the uniqueness and excitement of this very successful event.