The present study investigated the relationship between growth mindset, academic self-efficacy, academic performance and life satisfaction of 1161 pupils from grades 4 to 5 in five public elementary schools. The results showed that: 1) the growth mindset of elementary school students was positively related to academic self-efficacy and academic performance, while the academic selfefficacy was positively related to their academic performance and life satisfaction; 2) the growth mindset had a significant positive prediction on academic self-efficacy and academic performance; 3) the academic self-efficacy was a significant predictor for life satisfaction; 4) the academic self-efficacy played a mediating role between growth mindset and students’ academic performance.