Shanghai University of Finance and Economics

"SUFE" redirects here. For other uses, see SUFE (disambiguation).
Shanghai University of Finance and Economics
Motto 厚德博学,经济匡时
Motto in English
Strive for Virtue and Knowledge, Assist in Economy and Governance
Type National
Established 1917
President Fan, Liming
Academic staff
Students 22,071
Undergraduates 7,838
Postgraduates 6,322
Location Shanghai,  People's Republic of China
Campus Urban
Nickname 上财 (Shàng Cái) or 财大 (Cái Dà)

The Shanghai University of Finance and Economics (SUFE; Chinese: 上海财经大学; pinyin: Shànghǎi Cáijīng Dàxué), 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 Project 211. The Shanghai University of Finance and Economics is a top-ranked research university specializing in economics, finance and business studies. As the oldest financial university [1] in China, SUFE has developed its own spirit over the years.

SUFE has enjoyed a reputation of being the best finance and economics universities in China for many years. The university had been consistently ranked No. 1 in the “finance and economics” category in 2003,[2] 2004,[3] 2005,[4] 2007[5] and 2008[6] by the Chinese university ranking (Netbig). Since 2005, the university has achieved substantial improvements in terms of research and started to gain international reputation. According to Tilburg University’s Economics Schools Research Ranking in 2012,[7] SUFE is ranked 120th in the world, 9th in Asia and 3rd in mainland China, only after Tsinghua University and Peking University. In 2014 and 2015 the university is ranked 151-200th in economics/business category in the world by ARWU.

In 2005, SUFE introduced the academic tenure and became the first university in China to adopt this system.[8] As of December 2012, there were more than 120 tenure-track faculty members at SUFE, of which most are Ph.D. graduates from renowned overseas universities.


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.[9]

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. In 1997, President Jiang Zemin 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).[10]


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.[11] 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, a program to build 100 key universities, after a fierce competition. In the same year, it also became part of the national Project 985 to be established as an outstanding university. 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.[12]


SUFE has four campi. The main campus on Guoding Road in Yangpu District is the undergraduate education hub. The North Zhongshan No.1 Road Campus is home to M.B.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 (AMBA) in the second quarter of 2012. SUFE is currently a member of the Association to Advance Collegiate Schools of Business (AACSB).

International cooperation

SUFE has embraced internationalization and regularly collaborates with such institutions as the World Bank Institute (WBI), the International Monetary Fund (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 (ACCA), Canada’s Certified General Accountant (CGA), the USA’s Life Office Management Association (LOMA) and the UK’s Chartered Insurance Institute (CII). In addition, SUFE also cooperates with a number of foreign universities, including Webster University (USA), the University of Southampton (UK), the University of Brunel (UK), Deakin University (Australia), the University of Vaasa (Finland), Hong Kong Polytechnic University, Gifu University (Japan), among others. SUFE has created six joint undergraduate programs, which cover the following subjects: economics, real estate management, accounting, finance, international business and international economics and trade. SUFE has signed multiple foreign exchange student agreements and established a number of training centers for international examinations.


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