Peking University Institute of Mathematical Sciences now has five departments: Mathematics Department, Probability and Statistics Department, Science and Engineering Computing Department, Information Science Department and Financial Mathematics Department. 1980, at the proposal of the late famous mathematician and educator Cheng Minde, the State Education Commission approved the establishment of Peking University Institute of Mathematics. Peking University Institute of Mathematics is closely integrated with the School of Mathematical Sciences, and a merged institution system is implemented. Peking University Institute of Mathematical Statistics merged with the Department of Probability and Statistics to implement the integrated system. 65438-0989 As a "key discipline development project" loaned by the World Bank, the Ministry of Education established a key laboratory of mathematics and its application. The Ministry of Education's "Center for Mathematical Research and Higher Talents Training in Colleges and Universities" is affiliated to the College of Mathematical Sciences. Editorial departments of national academic journals such as advances in mathematics, Approximation Theory and Its Application are also located in Peking University Institute of Mathematical Sciences.