Shanghai Finance University (SFU) is a public, four-year institution focused on preparing students for future professional careers in financial and economic management. SFU began in 1952 as Shanghai Banking Institute affiliated with the People’s Bank of China (PBC). It became Shanghai Finance Vocational College in 1987, and has operated under the joint jurisdiction of the Shanghai Municipal People’s Government and the PBC since 2000, with the former taking the lead role. In September 2003, it was granted full university status under the present name. It currently enrolls over 9,000 full-time undergraduate and vocational students, more than 600 international students, and over 3,000 continuing education students.
(1) History
In 1952, East China of People’s Bank of China, People's Bank of China Shanghai Branch established the “East China banking school of People’s Bank of China " and " Shanghai Banking School”. In early 1955, the two schools merged into “Shanghai Banking School of the People's Bank of China”. In 1956, Shanghai Banking School moved to a new location in Suzhou with a new name “Suzhou Banking School of the People's Bank of China”. The school was closed in August, 1958. Following the requirements from the central government to strengthen financial work, in March 1960, Shanghai Finance Bureau and the People's Bank of China Shanghai Branch jointly established Shanghai Finance School. The school was closed down in 1969. In 1978, the School reopened with the new name “Shanghai Finance School” offering three majors: fiscal science, finance, and foreign exchange. In March 1982, Shanghai Finance School was split into Shanghai Banking School and Shanghai Finance School. Under the leadership of the People's Bank of China, the school moved to Minxing Road district in 1984 and school conditions was improved. In 1987, with the approval of the State Education Ministry, Shanghai Finance School was renamed to Shanghai Finance College. From 1993 to 1995, the college opened three securities specialized classes, and cultivated the first batch of security experts with higher education degrees. In 2000 the college was transferred to the leadership of the local government. It has actively participated in the overall layout of Shanghai Higher Education and Talent Training. Shanghai Finance College was then promoted to a university-level institution in 2003 and was renamed Shanghai Finance University, opening a new chapter of history.
(2) Discipline and programs
Shanghai Finance University offers 25 undergraduate programs and four vocational degree programs, with a core focus in finance and a particular emphasis on economic management, while spanning a variety of well-balanced disciplines, including economics, law, literary and cultural studies, natural sciences, engineering, business management, and art. Currently, SFU operates 16 faculties and departments, including the Schools of International Finance, International Economics and Trade, Accounting, Insurance, Finance and Public Administration, Business Administration, Information Management, Statistics and Mathematics, and the Departments of Foreign Languages, Law, Social Sciences, and Physical Education. At SFU, students have the opportunity to work and study amidst a diverse, accomplished faculty with strong international profiles. Among the 722 faculty and staff members, 457 teach full time, 218 are state-certified senior professionals in their fields, and 198 hold a doctoral degree. With its attractive programs and easily accessible location within China’s lively economic center, SFU draws outstanding students from across China and the world. It currently enrolls over 9,000 full-time undergraduate and vocational students, more than 600 international students, and over 3,000 continuing education students.
(3) Academic facilities and Scientific research
Shanghai Finance University boasts a sprawling 111-acre campus with a covered area of 62 acres, In order to strength research work supervision and invest more in research work, SFU opens numerous number of research institutes, including the Sci-Tech Finance Institute of Shanghai (International Financial Research Institute), the Goocoo Finance Institute for China (Shanghai) Pilot Free Trade Zone (SHFTZ), and the Higher Education Research Institute. Sci-Tech Finance Institute of Shanghai is a knowledge platform built jointly by Shanghai Finance University and People’s Government of Yangpu District and approved by Shanghai Municipal Education Commission. Based at Yangpu district, the Institute is set up to offer services to Shanghai and other places in China. the Institute aims to promote the development of both academic programs and financial industry. As a platform designed for supporting decisions made for the innovation drive and transformation of Shanghai, the Institute will play a significant role in attracting talents in science & technology finance, supporting science & technology finance policies, and promoting science & technology development and finance innovation in Shanghai.
(4) Shanghai Finance University Achievement
During the past five years, more than 100 research topics have been recognized as high-level & provincial/ministerial level research topics. In 2014, SFU won a first prize for “Shanghai Financial Industry Reform & Development Outstanding Research Achievements” and a second prize for “Shanghai Philosophy & Social Science Outstanding Research Achievements”. During the past five years, 11 of our research projects have received national social science subsidies and 13 projects have received national natural science subsidies. Over the recent years, it has recorded a remarkable graduate employment rate exceeding 97%, and one of nearly 100% among the graduates of its international cooperation programs.
(5) Communication and international cooperation
Open to cooperation, Shanghai Finance University (SFU) has established a University-Industry Partnership Committee involving over 30 companies and organizations in the financial sector, and has maintained partnerships with more than 50 universities, colleges and research institutes across the world, including in the United States, Canada, the United Kingdom, France, Germany, Denmark, Australia, Finland, Switzerland, Japan, Vietnam, Kenya, Hungary, the Netherlands, Belgium, Poland, Bulgaria, Austria, Hong Kong, Macao and Taiwan. It now offers 32 international cooperation and exchange programs, and two international joint educational programs with an enrollment of over 600 students. In order to support Shanghai’s rise as an international center of economy, finance, trade and shipping and the development of SHFTZ, SFU is now making an all-out effort to establish top-notch research centers in international finance, sci-tech finance and the finance system within SHFTZ, to provide support and advice for local decision-makers in economics and finance
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