Vertex operator algebras and the Verlinde conjecture
  We prove the Verlinde conjecture in the following general form: Let V be a simple vertex operator algebra satisfying the following conditions: (i) The homogeneous subspaces of V of weights less than 0 are 0, the homogeneous subspace of V of weight 0 is spanned by the vacuum and V' is isomorphic to V as a V-module. (ii) Every weak V-module gradable by nonnegative integers is completely reducible. (iii) V is C_2-cofinite. (In the presence of Condition (i), Conditions (ii) and (iii) are equivalent to a single condition, namely, that every weak V-module is completely reducible.) Then the matrices formed by the fusion rules among the irreducible V-modules are diagonalized by the matrix given by the action of the modular transformation \tau\mapsto -1/\tau on the space of characters of irreducible V-modules. Using this result, we obtain the Verlinde formula for the fusion rules. We also prove that the matrix associated to the modular transformation \tau\mapsto -1/\tau is symmetric. 
Yi-Zhi Huang