The president of former Jiaotong University acted as the president of Xi'an Jiaotong University. In the same year, Xi'an Jiaotong University was listed as the key university in China. Later, it became one of a few universities built according to the "Seventh Five- Year Plan" and "Eighth Five- Year Plan" of China. It was also one of the universities that entered the construction of "211 project" of China. In September, it was determined to be one of a few universities that had the target to build world famous high level University. In April of 2000, approved by the State Council, Xi'an Medical University, Shannxi Institute of Finance and Economics and Xi'an Jiaotong University were merged and formed the new Xi'an Jiaotong University.