In order to implement the important arrangements and requirements of the people's government of the autonomous region on running the China-ASEAN Institute of Financial Cooperation well, we will strengthen the construction of first-class disciplines. According to the Notice of Guangxi University on Transferring Applied Economics to China-ASEAN Institute of Financial Cooperation and Establishing School of Economics and School of Business Administration, in order to implement the important deployment and requirements of the people's government of the autonomous region to run China-ASEAN Institute of Financial Cooperation and strengthen the construction of first-class disciplines, Guangxi University decided to transfer the first-class disciplines of applied economics and corresponding undergraduate majors to China-ASEAN Institute of Financial Cooperation, set up the School of Economics and School of Business Administration, and cancel the first-class disciplines of business school and business administration of Guangxi University.