IBA Confucius Institute (IBACI) was established in October 2015 between Shanghai Lixin University of Accounting and Finance and IBA International Business Academy. The IBACI is supported by the Confucius Institute Headquarters in Beijing, China. The aim of IBACI is to strengthen educational and business cooperation between China and Denmark, as well as to support and promote the development of Chinese language education. Furthermore the aim of IBACI is to increase mutual understanding and friendship among people in China and Denmark.