Shandong University of Finance and Economics, called Shancai for short, is located in Jinan, the capital city of Shandong Province, China. It is a university jointly established by the Ministry of Finance, the Ministry of Education and Shandong Province. It is a financial institution with a long history, distinctive financial characteristics, outstanding comprehensive strength and certain influence in China. China Accounting Reform and Development 20 1 1 is one of the founding universities of the Sino-Russian Economic University Alliance, and the governing unit of collaborative innovation of Shandong famous universities.