Shanxi University of Finance and Economics (abbr. as SXUFE) simplified Chinese: 山西财经大学; traditional Chinese: 山西財經大學; pinyin: shanxi cáijīng dàxué), founded in 1951, is one of the earliest financial universities in China. The university sticks to highlighting the academic characteristics and advantages of Economics and Management, focusing on Economics, Management and Laws as the mainstay subjects and developing interdependently Economics, Management, Laws, Literal Arts, Science, Engineering and Teaching. Shanxi University of Finance and Economics was founded in 1951, which is one of the forerunners in the field of higher education of finance and economics in China. In September 1958, the five cadres schools were merged to form the Shanxi Finance and Economics Institute (SXFEI). Shanxi Economic Management Institute (SXEMI) was founded in 1984. In October 1997, with the approval of the former China State Educational Committee, SXFEI and SXEMI were merged composing SXUFE, which was under the control of the Shanxi Province and Ministry of Education. Since 2000, SXUFE has been shifted to mainly administrate by Shanxi Province.