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  • About SUFE

    SUFE’s history can be traced back to the Fall of 1917 when a commerce program was established at Nanjing Higher Normal School. In 1921, the program was transferred to Shanghai and developed into Shanghai College of Commerce which was the vanguard in commercial education in Mainland China. It was run by the National Southeastern University and Jinan College. Guo Bingwen, a PhD from Columbia University, was the first President. Ma Yinchu, another PhD from Columbia University, became the founding Provost. Many other Chinese scholars who had studied abroad from leading universities also joined the faculty.


    For instance, in the academic year of 1923-1924, 11 out of the 16 Chinese faculty members at the then Shanghai University of Commerce had excellent education backgrounds in outstanding overseas universities, such as Harvard University, Columbia University, the University of Pennsylvania, the University of Illinois and the University of Edinburgh.


    In 1928, the university was renamed as the College of Commerce of the National Central University. The school became independent from Central University in 1932 and was then called the National Shanghai Institute of Commerce. Through this transition, it became the first completely independent commerce university in the mainland.

    In 1950, the college was again renamed, recognized as Shanghai Institute of Finance and Economics. And it became the only financial institution of higher learning in East China after the adjustment of faculties in the 1950s.


    In 1985, it adopted it’s current name of Shanghai University of Finance and Economics (SUFE). Great Elder Chen Yun (1905-1995), one of modern China’s most influential leaders, wrote SUFE’s name in calligrapgy as a gift. In 1997, Jiang Zemin, the then General Secretary of CPPCC, also gave his words at the celebration of the university’s 80th Anniversary. He wrote, “With views into the new century, develop Shanghai University of Finance and Economics into a first-rate university.”


    Timeline :


    1917.6Nanjing Higher Normal School established its business program
    1921.9

    National Southeast University and Jinan College collaboratively established the Shanghai University of Commerce, which relocated to Shanghai

    1922.7The National Southeast University established the Shanghai University of Commerce
    1927.7

    The university was renamed as the Business School of the Fourth Sun Yat-sen University Business School

    1928.2The university was renamed as the School of Commerce of Jiangsu University
    1928.5The university was renamed as the College of Commerce of Central University
    1932.8

    Incorporation of the Department of Economics of Shanghai Labor University. The university split and became the National Shanghai Institute of Commerce

    1950.8

    Incorporation of the Shanghai School of Law. The university was renamed as the Shanghai College of Finance and Economics

    1951.4-8

    Incorporation of the East China School of Economics, the Department of Financial Management of Shanghai Jiao Tong University, Guanghua University Business School, and the Accounting Department of Daxia University

    1952.8-10

    Incorporation of the Institute of Finance and Economics of Fudan University, the Business

    School of Hujiang University, Zhejiang College of Finance and Economics, the Department of Industrial Management of Jiangnan University, Lixin Accounting School, the Business School of Datong University, the Accounting and Business Administration Department of Shanghai College, the Department of Economics of St. John’s University, the Night Program of Aurora University Law School, China College of Industry and Commerce, the Accounting Department of Soochow Law School, the Night School of Shanghai College of Commerce, and the Department of Economics of Soochow University

    1953.8

    Incorporation of Shandong College of Finance and Economics, and the Department of Business

    Administration of Xiamen University

    1958.9

    The East China University of Politics and Law, Fudan University Law Department, Shanghai

    Economic Research Institute of the Chinese Academy of Sciences, and the Shanghai History

    Research Institute jointly created the Shanghai Academy of Social Sciences

    1960.9The Shanghai College of Finance and Economics was founded on the basis of the Junior College Department of Shanghai Business School
    1972.4Revoked during the Cultural Revolution, the staff transferred to Fudan University and other universities
    1978.12The Shanghai College of Finance and Economics resumed classes
    1985.9The university was renamed as the Shanghai University of Finance and Economics
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