The Shanghai University of Finance and Economics (SUFE) is a public finance and economics university located in

Shanghai Shanghai, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the ...

, China. The university is affiliated with the

Ministry of Education An education ministry is a national or subnational government agency politically responsible for education. Various other names are commonly used to identify such agencies, such as Ministry of Education, Department of Education, and Ministry of Pub ...

. It is part of the

Double First-Class Construction The World First-Class Universities and First-Class Academic Disciplines Construction (), together known as Double First-Class Construction (), is a higher education development and sponsorship scheme of the Chinese central government, initiated ...

and

Project 211 Project 211 ( zh, c=, links=no, s=211工程) was a higher education development and sponsorship scheme of the government of China for "preparing approximately 100 universities for the 21st century", initiated in November 1995. There were 115 ...

. In 2005, SUFE introduced the

academic tenure Tenure is a type of academic appointment that protects its holder from being fired or laid off except for Just cause (employment law), cause, or under extraordinary circumstances such as financial exigency or program discontinuation. Academic ten ...

and became the first university in China to adopt this system.

History

The university began as a business program at the Nanjing Advanced Normal School in 1917. The program was relocated to Shanghai and became the Shanghai University of Commerce in 1921. Over the years the university had evolved. By 1928, It was renamed as the School of Commerce of the Central University. In 1932, it was split from the Central University and became the National Shanghai College of Commerce. In 1950, the institution became the Shanghai College of Finance and Economics. The institution adopted its present name the Shanghai University of Finance and Economics in 1985.

Chen Yun Chen Yun (13 June 1905 – 10 April 1995) was a statesman of the Chinese Communist Party and the People's Republic of China. He was one of the most prominent leaders during the periods when China was governed by Mao Zedong and later by Deng Xia ...

, who was then a top leader of the CPC Politburo Standing Committee, wrote the inscription of the school's name. Since then, SUFE has developed into a multidimensional university which focuses on

applied economics Applied economics is the application of economic theory and econometrics in specific settings. As one of the two sets of fields of economics (the other set being the ''core''), it is typically characterized by the application of the ''core'', i.e ...

and management, with

economic theories Economics () is a behavioral science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analys ...

as its basis. Its subjects include science, social sciences, laws, philosophy and humanities. Its aim is to train students to graduate with practical knowledge, versatile talents and a broad view. In 1997, Chinese President and

General Secretary of the Communist Party The title of General Secretary or First Secretary is commonly used for the leaders of most communist parties. When a communist party is the ruling party of a socialist state—often labeled as communist states by external observers—the general s ...

Jiang Zemin Jiang Zemin (17 August 1926 – 30 November 2022) was a Chinese politician who served as General Secretary of the Chinese Communist Party, general secretary of the Chinese Communist Party (CCP) from 1989 to 2002, as Chairman of the Central Mil ...

wrote an inscription for the university: ''Facing the new century, let us build the Shanghai University of Finance and Economics into a top-level socialist university'' (面向新世纪把上海财经大学建设成为具有一流水平的社会主义大学).

Present

At present, the university comprises 12 academic schools, one graduate school and more than 20 finance and economics research centers. It also encompasses the School of Continuing (Adult) Education, the School of Online Learning, the School of International Education, and a vocational school. China's rapid economic expansion has tremendously impacted SUFE, which is now bustling with such activities. In 1981, SUFE became the first finance and economics university to receive accreditation for granting doctoral degrees. In addition, it was among the first nine schools to be selected as an "M.B.A. Experimental Education Base" and one of the first schools to set up a post-doctoral program in economics. In 1996, SUFE joined the Project 211. In 2002, SUFE became the first mainland university to offer a master's program in Hong Kong. All of its programs continue to exceed world standards and are imbued with modernity, internationalism and cutting-edge information. It is included in the

published by the central government of China.

Notable alumni

* Daniel Zhang, CEO of

Alibaba Group Alibaba Group Holding Limited, branded as Alibaba (), is a Chinese Multinational corporation, multinational technology company specializing in E-commerce in China, e-commerce, retail, Internet, and technology. Founded on 28 June 1999 in Hangzho ...

* Jiang Jianqing, Chairman of the Industrial and Commercial Bank of China * Tian Huiyu, CEO of

China Merchants Bank China Merchants Bank (CMB) () is a Chinese bank headquartered in Futian District, Shenzhen, Guangdong, China. Founded in 1987, it is the first share-holding commercial bank wholly owned by corporate legal entities in China. CMB listed on the Sha ...

* Yu Zhiying, Chinese professional go player * Ju Wenjun, Women's World Chess Champion

Campuses

SUFE has four campuses. The main campus on Guoding Road in

Yangpu District Yangpu () is one of the 16 districts of Shanghai. It is located in the northeastern part of downtown Shanghai, bordering the Huangpu River on the east and south, Hongkou on the west, and Baoshan on the north. The southern part of Yangpu Dist ...

is the undergraduate education hub. The North Zhongshan No.1 Road Campus is home to

M.B.A. A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular a ...

programs, international students and many talented professionals. The Wuchuan Road Campus, which is adjacent to the Guoding Road Campus, has been a new education base for both undergraduate and graduate students. Finally, the Wudong Road Campus, which is half-complete and half under construction, will become a new asset to SUFE in the near future.

International accreditation

SUFE received international accreditation of its M.B.A. programs by the London-based

Association of MBAs The Association of MBAs (AMBA) is a global organisation headquartered in London, UK. It was founded in 1967 with the primary objective of accrediting Master of Business Administration (MBA) programs. Roles Based in London, AMBA is one of t ...

(AMBA) in the second quarter of 2012. SUFE is currently a member of the

Association to Advance Collegiate Schools of Business The Association to Advance Collegiate Schools of Business (AACSB) is an American professional and accreditation organization. It was founded as the American Assembly of Collegiate Schools of Business in 1916 to provide accreditation to busines ...

(AACSB).

Reputation and Rankings

The university had been consistently ranked No. 1 in the “finance and economics” category in 2003, 2004, 2005, 2007 and 2008 by the

Chinese university ranking (Netbig) The Chinese university ranking is a ranking of universities in mainland China by Netbig, an internet company focused on higher education, founded by Jiang Jining, who graduated from University of Science and Technology of China. The ranking is co ...

. According to

Tilburg University Tilburg University is a Catholic research university specializing in the social and behavioral sciences, economics, law, business sciences, theology and humanities, located in Tilburg, Netherlands. Tilburg has a student population of about 19,1 ...

’s Economics Schools Research Ranking between 2016 and 2020, SUFE ranked 41st in the world, 3rd in Asia and 2nd in mainland China, only after

Peking University Peking University (PKU) is a Public university, public Types of universities and colleges in China#By designated academic emphasis, university in Haidian, Beijing, China. It is affiliated with and funded by the Ministry of Education of the Peop ...

. As of 2021, it ranked the best in China among universities specialized on finance, business, and economics in the recent edition of the recognized Best Chinese Universities Ranking. According to

Quacquarelli Symonds Quacquarelli Symonds (QS) is a higher education analyst and a for-profit services provider headquartered in London with offices in Europe, Asia, and the Americas. History The company was founded by Nunzio Quacquarelli in 1990 to provide informati ...

, SUFE ranks 144th amongst

BRICS BRICS is an intergovernmental organization comprising ten countriesBrazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates. The idea of a BRICS-like group can be traced back to Russian foreign ...

universities, the top 350 universities in Asia, the top 150 "Accounting & Finance" universities in the world, the top 105 "Economics & Econometrics" universities in the world, the top 201 "Statistics and Operational Research" universities in the world, and the top 451 "Social Sciences and Management" universities in the world. As of 2022, SUFE is ranked between the top 701-800 among world universities 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 Universi ...

.'' As of 2023, according to the

, SUFE ranked amongst the top 43 universities in the world for "finance", the top # 76 universities in the world for "economics", the top # 101 universities in "Management", "Public Administration" and "Statistics" , the top # 201 universities in the world for "Business Administration" and "Hospitality & Tourism Management" and top # 401 universities globally for "Political Sciences". The '' U.S. News & World Report'' ranks SUFE at #52nd globally, 11th in Asia and 7th in China in Business and Economics.

International cooperation

SUFE has embraced internationalization and regularly collaborates with such institutions as the

World Bank Institute The World Bank Institute is the capacity building branch of the World Bank. It provides learning programs, policy advice and technical assistance to policy makers, government and non-government agencies, and development practitioners of developing c ...

(WBI), the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...

(IMF), and the United Nations Development Program (UNDP). In addition, SUFE works closely with international professional organizations, such as the UK's

Association of Chartered Certified Accountants The Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (CCA). Founded in 1904, It is now the fourth-largest professional accounting body ...

(ACCA), Canada's

Certified General Accountant Certified General Accountant (CGA) is a professional designation granted to Canadian accountants. A person who meets the education, experience and examination requirements of the Certified General Accountants of Canada (CGA-Canada) is entitled to ...

(CGA), the USA's

Life Office Management Association LOMA, (formerly the Life Office Management Association) working together with LIMRA (formerly Life Insurance Marketing and Research Association) under the umbrella organization LL Global is an American trade associations for the insurance indust ...

(LOMA) and the UK's

Chartered Insurance Institute The Chartered Insurance Institute (CII) is a professional body dedicated to building public trust in the insurance and financial planning profession. The CII's purpose, as set out in its 1912 royal charter, is to 'Secure and justify the conf ...

(CII). In addition, SUFE also cooperates with a number of foreign universities, including

Webster University Webster University is a private university with its main campus in Webster Groves, Missouri, United States. It has multiple branch locations across the United States and countries across Europe, Asia, and Africa. The university has an alumni net ...

(USA), the

University of Southampton The University of Southampton (abbreviated as ''Soton'' in post-nominal letters) is a public university, public research university in Southampton, England. Southampton is a founding member of the Russell Group of research-intensive universit ...

(UK), the University of Brunel (UK),

Deakin University Deakin University is a public university in Victoria, Australia. Founded in 1974 with antecedent history since 1887, the university was named after Alfred Deakin, the second Prime Minister of Australia and a founding father of Australian Fede ...

(Australia), the

University of Vaasa The University of Vaasa (, ) is a multidisciplinary, business-oriented university in Vaasa, Finland. The campus of the university is situated by the Gulf of Bothnia adjacent to downtown Vaasa. The university has evolved from a school of econom ...

(Finland),

Hong Kong Polytechnic University The Hong Kong Polytechnic University (PolyU or HKPU) is a public research university in Hung Hom, Kowloon, Hong Kong. The university is one of the eight government-funded degree-granting tertiary institutions in Hong Kong. Founded in 1937 a ...

, Gifu University (Japan), among others. SUFE has created six joint undergraduate programs, which cover the following subjects: economics, real estate management,

accounting Accounting, also known as accountancy, is the process of recording and processing information about economic entity, economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activit ...

finance Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Admin ...

international business International business refers to the trade of goods and service goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It includes all commercial activities that promote the transfer o ...

and

international economics International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. It seeks to explain the patterns an ...

and trade. SUFE has signed multiple foreign exchange student agreements and established a number of training centers for international examinations.

References

External links

上海财经大学主页

The Shanghai University of Finance and Economics (English)
{{DEFAULTSORT:Shanghai University Of Finance And Economics Universities and colleges in Shanghai Project 211 Plan 111 1917 establishments in China Universities and colleges established in 1917