The Shanghai University of Finance and Economics (SUFE), founded in 1917, is a top-ranked, world-renowned research university. As the oldest financial university in China, SUFE has developed its own spirit over the years.
SUFE places much emphasis on being industrious, having a consciousness of all things economic, and making contributions to society. With SUFE now increasingly opening itself to the outside world, it aims to showcase this spirit as well as its outstanding teaching quality.
Focusing on Applied Economics and Management Science, SUFE’s approach is multidisciplinary, utilizing elements of finance, economics, management, law and science. China’s rapid economic expansion has much impacted SUFE, which is now bustling with activity.
In 1981, SUFE became the first financial university awarded the right to grant doctoral degrees. In addition, it was among the first nine schools to be selected as an MBA Experimental Education Base and one of the first schools to set up a post-doctoral program in economics.
In 1996, SUFE joined the “211 Project,” a program to build 100 key universities, after a fierce competition, and in the same year, it also became a member of another national project to build outstanding universities.
In 2002, SUFE became the first mainland university to offer master’s programs in Hong Kong. Moreover, all of its programs continue to exceed world standards and are imbued with modernity, internationality and cutting-edge information.
International Academic Ranking
1、2016 QS World University Rankings by Subject
Accounting and Finance – Top 200 in the world
Economics and Econometrics – Top 200 in the world
2、2015 Academic Ranking of World Universities by Shanghai Jiao Tong University Classified by Subject
Economics/Business – Top 200 in the world
3、2015 Ranking of Published Articles in Leading International Business Journals by University of Texas at Dallas
Business – 88th in the world, 3rd in Mainland China
4、2011 – 2015 Ranking of Published Articles in Leading International Finance Journals by Arizona State University
Finance – 113th in the world, 3rd in Mainland China
5、2012 – 2015 Ranking of Published Articles in Leading International Economics Journals by Tilburg University
Economics – 56th in the world, 1st in Mainland China
SUFE’s history can be traced back to the fall of 1917 when a commerce program was established at the Nanjing Higher Normal School. In 1921, the program was transferred east to Shanghai and became the Shanghai College of Commerce. This university was the first commerce university on the mainland. It was run by the National Southeastern University and Jinan Colldge. Guo Bingwen, a PhD from Columbia University, was the first Chancellor. Ma Yinchu, another PhD from Columbia University, became the first Director of Academic Affairs. Many other Chinese scholars who had studied abroad also joined the faculty.
To illustrate this, in the 1923-1924 academic year, 11 of the 16 Chinese teachers at the Shanghai University of Commerce had earned their degrees from outstanding foreign universities like Harvard University, Columbia University, the University of Pennsylvania, the University of Illinois and Edinburgh University.
In 1928, the university changed its name to the College of Commerce of National Central University. The school became independent of Central University in 1932 and was then called the National Shanghai Institute of Commerce. With this transition, it became the first completely independent commerce university on the mainland.
In 1950, the college was again renamed, becoming the Shanghai Institute of Finance and Economics. And it became the only financial university in East China after the adjustment of faculties in the 1950s.
In 1985, it adopted its present name, the Shanghai University of Finance and Economics, and Great Elder Chen Yun (1905-1995), one of modern China’s most influential leaders, inscribed the university’s name and presented it to SUFE as a gift. In 1997, CPCCC General Secretary Jiang Zemin also made an inscription at the celebration of the university’s 80th anniversary. He wrote, “With eyes toward the new century, go forth and thoroughly transform the Shanghai University of Finance and Economics into a first-rate socialist university.”