Inner Mongolia University of Finance and Economics is another university in Inner Mongolia, China, located in Hohhot. On March 26th, 2012 it was renamed from Inner Mongolia Finance and Economics College. Dr. Shao Ting is the Deputy Director of the Development Research centre of the state with Professor Zhang Qizhi as the vice president. The university mainly focuses on the finance, the economic growth, the current economic development and the coping strategies. It also believes in providing the students with ample knowledge so as to cope up with the changing trends and be successful pioneer in their professional field. It believes in delivering quality education by signing agreements between the foreign countries and exchange the faculty and students between the countries. Every year there is an enrolment of foreign students in to the university demanding for Chinese culture and language and quality education. It ensures equipping students with enough economic knowledge so as to make them prepared for the upliftment of the economic status and development of the country. In 2015 it is ranked at the 3rd position among the top 3 MBA universities in Inner Mongolia. It is ranked in 8th position among the top universities in Inner Mongolia. It is again ranked in 2nd position among the chemistry universities in Inner Mongolia with 3rd position in top History Universities in Inner Mongolia and 10th among the top 10 universities in Inner Mongolia.