In the early days of the founding of the People’s Republic of China, many industries and fields were waiting for prosperity, and Peihua launched a free class for students. The junior high school was closed and the school was renamed Xi'an Private Peihua Finance and Technology School in order to train urgently-needed financial management professionals for the country .

In the early days of the founding of the People's Republic of China, it was renamed Xi'an Private Peihua Finance School (Xi'an Houzaimen)