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The Southwestern University of Finance and Economics (SWUFE; ) is a public research university in
Chengdu Chengdu (, ; Simplified Chinese characters, simplified Chinese: 成都; pinyin: ''Chéngdū''; Sichuanese dialects, Sichuanese pronunciation: , Standard Chinese pronunciation: ), Chinese postal romanization, alternatively Romanization of Chi ...
, Sichuan, China. The university is affiliated to the Ministry of Education, and co-funded by the ministry and the Sichuan Provincial People's Government. The school is listed in the former Project 211. It is a Chinese state Double First Class University identified by the Ministry of Education of China, as part of the national endeavor to build world-class universities. In December 2014, SWUFE’s School of Business Administration (SBA) became the first business school in Western China to be accredited by the
European Quality Improvement System The EFMD Quality Improvement System (EQUIS) is an international school accreditation system. It specializes in higher education institutions of management and business administration, run by the European Foundation for Management Development (EFMD ...
. As of 2022, Southwestern University of Finance and Economics ranked # 1 in Western China and # 5 nationwide among universities specialized in finance, business, and economics in the Best Chinese Universities Ranking. The U.S. News & World Report ranks SWUFE at 9th in Asia and 67th globally in Business and Economics.


History

The university traces its origins to the year 1925, when a group of students and academics from
St. John’s University St John's University may refer to: *St. John's University (New York City) **St. John's University School of Law **St. John's University (Italy) - Overseas Campus *College of Saint Benedict and Saint John's University, St. Joseph, Minnesota and Col ...
in Shanghai, led by the scholar Zhang Shouyong, left the school following the events of the
May 30th Movement The May Thirtieth Movement () was a major labor and anti-imperialist movement during the middle-period of the Republic of China era. It began when the Shanghai Municipal Police opened fire on Chinese protesters in Shanghai's International Settl ...
and founded
Kwang Hua University Kwang, also spelled Gwang, is a Korean given name and name element. The meaning differs based on the hanja used. Hanja and meaning There are 13 hanja with this reading, and three variant forms, on the South Korean government's official list of ...
in Shanghai. In 1938, following the outbreak of the Second Sino-Japanese War and the Japanese advance into mainland China, the university relocated its headquarters to Chengdu. This move was mirrored by other major Chinese universities in the east of China who relocated their operations to western China after the Republic of China moved its capital from Nanjing to
Chongqing Chongqing ( or ; ; Sichuanese dialects, Sichuanese pronunciation: , Standard Mandarin pronunciation: ), Postal Romanization, alternately romanized as Chungking (), is a Direct-administered municipalities of China, municipality in Southwes ...
. After the end of World War II, the university moved back to Shanghai in 1946 and the campus in Chengdu became a branch of Kwang Hua University. That same year, the campus in Chengdu separated from the university and formed a private university called Chenghua University. Kwang Hua University was later merged with other universities and formed the current East China Normal University. In 1952, after the foundation of the People's Republic of China, Chenghua University was merged with schools and departments of business and economics from 16 other universities and colleges and was reformed as the Sichuan Institute of Finance and Economics. From 1961 to 1978 it was called Chengdu University. In 1980, the People's Bank of China took over the administration of the university which it held until the year 2000 when the administration was transferred to the Ministry of Education. In 1985, during the tenure of the central bank, the university received its current name of Southwestern University of Finance and Economics. Later, in 1995, the university became part of Project 211. In 2011, SWUFE was listed as part of the 985 Innovative Platforms for Key Disciplines Project, which is an extension of Project 985. In 2017, the Ministry of Education, Ministry of Finance and National Development and Reform Commission released the list of Double First Class Plan universities and that of the Double First Class Plan (short as "Double First Class") development universities and disciplines. SWUFE was included into the list of China's "Double First Class" development university, and applied economics was selected as a "double first class" development discipline.


Campuses

* Liulin Campus (Main Campus): Founded in 2004, approximately in
Wenjiang District Wenjiang District () is one of 11 urban districts of the prefecture-level city of Chengdu, the capital of Sichuan Province, Southwest China, covering part of the western suburbs. It is bordered by Qingyang District to the east, Shuangliu County t ...
, Chengdu, Sichuan * Guanghua Campus: Founded in 1938, approximately in
Qingyang District Qingyang District () is one of 11 urban districts of the prefecture-level city of Chengdu, the capital of Sichuan Province, Southwest China. It is bordered by Jinniu District to the northeast, Jinjiang District to the southeast, Wuhou District t ...
, Chengdu, Sichuan


Organization and administration


Schools

*SWUFE's Schools *School of Finance *School of Accounting *School of Business Administration *School of Securities and Futures *School of Insurance *Research Institute of Economics and Management *School of Statistics *School of Marxism *School of International Business *School of Humanities *School of Continuing (On-line) Education *Institute of Economic Mathematics *College of International Education *School of Economic Information and Engineering *School of Humanities and General Education *School of Public Finance and Taxation *School of Economics *School of Law *School of Public Administration *School of Foreign Language for Business *Study Abroad Institute


Research


Institute of Financial Studies

The IFS was established on July 29, 2010. The research institute is dedicated to generating knowledge of international financial studies and the financial development in China. The director of the institute is
Philip H. Dybvig Philip Hallen Dybvig (born May 22, 1955) is an American economist. He is the Boatmen's Bancshares Professor of Banking and Finance at the Olin Business School of Washington University in St. Louis. Career Dybvig specializes in asset pricing, b ...
. Dybvig is well known for publishing the
Diamond–Dybvig model The Diamond–Dybvig model is an influential model of bank runs and related financial crises. The model shows how banks' mix of illiquid assets (such as business or mortgage loans) and liquid liabilities (deposits which may be withdrawn at any t ...
together with
Douglas W. Diamond Douglas Warren Diamond (born October 25, 1953) is an American economist. He is currently the Merton H. Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business, where he has taught since 1979. Diamond ...
in 1983.


China Household Finance Survey

The Survey and Research Center of the China Household Finance Survey is a non-profit academic institution of survey and research established in 2010 by the Research Institute of Economics and Management at SWUFE. Within a few years, it has been established as an academic survey institute with comprehensive micro data, including three databases on the household finance of private Chinese households, small and micro enterprises, and community governance. The center provides CHFS data to registered users for the purpose of facilitating scientific and policy research.


Institute of Western China Economic Studies

The institute has three doctoral research fields: Demography; Population, Resources and Environmental Economics; Agricultural Economics. Currently, seven doctor supervisors and 21 researchers work in the institute. Economic analysis and policy consultancy are their main tasks.


Rankings and reputation

Among universities specialized in finance, business, and economics, as of 2022, Southwestern University of Finance and Economics ranked 5th nationwide and # 1 in Western China with a combination of almost 300 million population. Internationally, the U.S. News & World Report ranks Southwestern University of Finance and Economics at 3rd in China (after Peking and Tsinghua), 9th in Asia and 67th globally in Business and Economics. As of 2022, according to the
Academic Ranking of World Universities The ''Academic Ranking of World Universities'' (''ARWU''), also known as the Shanghai Ranking, is one of the annual publications of world university rankings. The league table was originally compiled and issued by Shanghai Jiao Tong University ...
, Southwestern University of Finance and Economics ranked amongst the top # 101 universities in the world for "Economics", "Finance" and "Statistics", amongst #151 universities in the world for "Management" and # 201 universities globally in "Business Administration".


Libraries and museums


Library

Southwestern University of Finance and Economics (SWUFE) Library was founded in 1952. The total building area amounts to . The collection has reached 2,000,000 items in digital resources, making it the biggest library in the southwest of China. In May 2002, a Translation Center was set up to provide services for overseas communication and editing and publishing the English version of SWUFE's The Economist.


Money and Securities Museum

The university’s "Money and Securities Museum" was established in 1998 and is one of the earliest of its kind to have on exhibition various real financial items such as currencies, securities, certificates and cards pertaining to planned and market economies. Over 60,000 items have been on exhibition in the hall.


International relations

The university also has four bachelor's degree programs and two master's degree programs delivered completely in English and these programs have trained several thousand foreign students from over a hundred countries. SWUFE has established cooperative relations with 130 universities, financial institutes and enterprises from 36 countries and regions, including Austria,
Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...
, Brazil, Canada, Chile, France, Germany, Israel,
Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...
, Netherlands, Portugal, Russia, Slovenia, United Kingdom and the United States.


Notable alumni

*
Jiang Chaoliang Jiang Chaoliang (; born 1 August 1957) is a Chinese politician and investor. In the past, he has served as the governor of Jilin province in Northeast China, and an executive at China Development Bank and the Agricultural Bank of China. Jiang is ...
(Former Governor of Jilin Province, Former Chairman of Agricultural Bank of China) * Li Ruogu (Former chairman and president of the Exim Bank of China) *
Liu Jiayi Liu Jiayi (; born August 1956) is a Chinese politician. He is the former Chairman of the Standing Committee of Shandong People's Congress, Communist Party Secretary of Shandong, before that, Auditor General of the People's Republic of China. ...
(Secretary, Provincial Committee of CPC,
Shandong Province Shandong ( , ; ; alternately romanized as Shantung) is a coastal province of the People's Republic of China and is part of the East China region. Shandong has played a major role in Chinese history since the beginning of Chinese civilizatio ...
, Former Auditor general of the
National Audit Office of the People's Republic of China The National Audit Office of the People's Republic of China is the supreme audit institution in the People's Republic of China. It was established in 1983 according to the Constitution. It is a cabinet-level executive department of the S ...
) *
Shang Fulin Shang Fulin (; November 13, 1951 - ) is a politician of the People's Republic of China. He served as president of the China Securities Regulatory Commission until October, 2011, when he was appointed to lead the China Banking Regulatory Commiss ...
(Vice Director, Economic Policy Committee of CPPCC, Former Chairman of China Banking Regulatory Commission) * Wei Hong (Former governor of Sichuan) * Zhang Zhan (Former lawyer and citizen journalist)


Student life


Student associations

Southwestern University of Finance and Economics has 100 student associations (excluding student associations sponsored by enterprises) covering five domains: thoughts and theories, academic and technology, arts and culture, physical training, public welfare and practice and communication. To name a few: the Research on Philosophy Club, MUN, Starting Point Drama Club, Hip-pop, Green Development Association, Oracle Club, Pre Guide for Career magazine, etc.


See also

* Education in the People's Republic of China * Applied economics * List of EQUIS accredited institutions


References


External links


SWUFE official website



Institute of Financial Studies

College of International Education
{{authority control 1925 establishments in China Educational institutions established in 1925 Universities and colleges in Chengdu Project 211 Universities and colleges in Sichuan Business schools in China