Concept

Shanghai University of Finance and Economics

Summary
The Shanghai University of Finance and Economics (SUFE; ), founded in 1917, is a finance- and economics-oriented research university located in Shanghai, the People's Republic of China. The university is under the direct administration of the Ministry of Education of the People's Republic of China and is among the national Double First Class University Plan, the former 985 Innovative Platforms for Key Disciplines Project and former Project 211. As the oldest financial and economic specialized university in China, SUFE has enjoyed a reputation of being one of the best finance and economics universities in China for many years. 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. The U.S. News & World Report ranks SUFE at 15th in Asia in Business and Economics. In 2005, SUFE introduced the academic tenure and became the first university in China to adopt this system. 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, 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 and management, with economic theories 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.
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