Shanxi University of Finance and Economics (SXUFE) was founded in 1951, one of the forerunners in the field of higher education of Finance and Economics in the New China. SXUFE is situated in Taiyuan City, the capital of Shanxi Province and a famous historical and cultural city in China. SXUFE is backed by an intellectually strong and structurally well-designed faculty consisting of over 800 regular teachers, among which there are about 350 professors and associate professors, 31 experts enjoying special government subsidy or of provincial or ministerial excellence, 86 teachers with Doctor degree or in the process of applying for their Doctor degrees, 500 teachers with Master degree or in the course of applying for their Master degrees. Over 200 experts or scholars prominent in both China and abroad have been invited to be part-time or visiting professors of SXUFE. SXUFE is a multi-disciplinary university with economics and management science as its featured and advantageous programs; and economics, management and law as its main specialties. There are 24 schools or departments in SXUFE and the programs that they run cover 7 disciplines all together, i.e. economics, management science, law, liberal art, science, engineering and pedagogics. The University has 32 Master Degree programs in total and is authorized to open MBA and MPA programs and runs 35 undergraduate programs. In addition, the university is also authorized to offer Master degrees to applicants who do not have a bachelor degree but have acquired equivalent academic competence. The University owns a group of researchers of sciences, highly capable and showing a strong teamwork spirit. In the fields of political economics, finance and statistics, many professors of SXUFE are nationally renowned experts or scholars. SXUFE has been approved to carry out 25 research subjects in the validation of 2005 research subjects in “the tenth Five” plan for Shanxi Philosophy and social sciences. In 2005, SXUFE received two nationally funded projects in natural sciences and three in social sciences and 22 research projects received Shanxi Excellent Research Award. SXUFE was approved to carry out 25 research subjects in the validation of 2005 research subjects in "the tenth Five" plan for Shanxi philosophy and social sciences.