Shanghai Finance University

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Shanghai Finance University
上海金融学院
Shanghai Finance University logo
Motto 立诚明德 经世致用
Motto in English Display honesty and cultivate virtue, foster ambition and contribute to society
Established 1952
Type Public
President Wang Hongwei
Academic staff 717
Students 8000
Location Pudong, Shanghai, China
Campus 45 Hectares
Former names Shanghai Banking School
Athletics Fencing
Nickname SFU
Website www.sfu.edu.cn

Shanghai Finance University (SFU), formerly known as Shanghai Banking School, was launched in 2003 through the joint efforts of the Shanghai Municipal Government and the People's Bank of China.

Situated in Pudong New Area, SFU is near many multinational corporations and several universities. It sits on a campus with a total area of more than 45 hectares and a construction area of 25 hectares.

At present, SFU has eleven schools and six departments, offering 25 majors. The students are from 23 provinces and municipalities of mainland China, Hong Kong, Macao and Taiwan. SFU also enrolls foreign students, with 600 from overseas. Currently the university has more than 8000 full-time students and a faculty of 717. 227 teachers hold senior professional titles and three are entitled to State Special Allowance by the China State Council.[1]

History[edit]

China's financial industry has experienced highs and lows along with all of China’s history. Among the dramatic changes from the beginning to rise, financial education has played a key role. At the beginning of the republic, there was an urgent need for large numbers of financial professionals due to the establishment of branches of the People's Bank of China and the creation of a new financial system. In order to meet the needs of economic development, the People's Bank of China decided to start financial education as soon as possible. In 1952, Shanghai Banking School was established and today it is now known as Shanghai Finance University.

Establishment—Early Times

Based on the requirements of business development, the People's Bank of China decided to set up a formal banking school to cultivate banking cadres and technical talented people. 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. During the six years, it had cultivated more than 2,000 graduates, who were then distributed to 17 provinces and cities throughout the country. These graduates then became the pioneers and leaders of the financial field.

Developing amidst twists and turns—Shanghai Finance School period

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. During the 10 years, it produced more than 1,400 graduates, of which 58% worked in finance and banking departments.

Constantly strive to become stronger—Shanghai Banking School period After the Third Plenary Session of the Eleventh CPC Central Committee, in order to carry out Deng Xiaoping's instruction “let the banks be the truly banks,” China’s financial system started reforms. 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. At that time the school offered programs and majors in finance, insurance, accounting, foreign exchange etc.

Endeavor and bravely advanced—Shanghai Finance College period

In the early 1980s, the Party Central Committee and the State Council made the decision to build Shanghai into a financial center, thus Shanghai yearned for financial talent. The People's Bank of China worked together with the Shanghai Municipal Government to build a financial specialist institution. In 1987, with the approval of the State Education Ministry, Shanghai Finance School was renamed to Shanghai Finance College; The college insisted on the strategy of “relying on the industry, serving the society” and offered the following 5 majors: finance, accounting, auditing, secretary, international finance and insurance. It also bore the task to train the cadres and professionals of the financial industry. In 1990, China's first securities professionals training base - Shanghai Securities Professional Training Department was set up in the college. Subsequently, from 1993 to 1995, the college opened three securities specialized classes, and cultivated the first batch of security experts with higher education degrees.

Seizing opportunities—Promotion to undergraduate university

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. Under the support of the Shanghai Municipal Government and related industry departments, it firmly grasped the golden opportunity of Shanghai International Financial Center Construction and Shanghai Higher Education pilot reform. Shanghai Finance College was then promoted to a university-level institution and was renamed Shanghai Finance University, opening a new chapter of history.

Academics[edit]

Shanghai Finance University is made up of 11 Schools, 6 Departments, and 4 Research Institutes. The Schools and Departments offer courses and award academic degrees.

Schools and Majors[edit]

Departments and Majors[edit]

  • Department of Law
  • Department of Applied Mathematics
    • Financial Mathematics
  • Department of Foreign Languages
    • Business English
    • Finance English
  • Department of Humanities and Arts
    • Advertising Design
    • Advertisement Design and Making
  • Department of Social Sciences
  • Department of Physical Education

Research Institutes[edit]

  • International Financial Research Institute
  • Sci-Tech Finance Institute of Shanghai
  • SFU-GuoGou Institute, SFU Institute of Finance for FTZ
  • Higher Education Research Institute & Editorial Department of Journal of SFU

Experimental Teaching Center[edit]

In 2002, SFU began experimental teaching of banking simulation. Since then banking simulation has grown rapidly. Experimental Teaching Center[2] was constructed in 2010 which became a comprehensive experimental teaching base. Nine experimental centers and several laboratories were since added.

International Education[edit]

Shanghai Finance University (SFU) is a full-time academic institution in Shanghai. Ever since its establishment, SFU has adhered to the strategy of internationalized education to promote itself in teaching and research and enhance its brand domestically and internationally. So far SFU has formed its own features in international exchange and cooperation.

SFU has established cooperative relationship with more than 40 universities and organizations in countries and areas such as the U.S.A, Canada, UK, France, Denmark, Finland, Germany, Switzerland, Poland, Hungary, Japan, South Korea, Hong Kong, Macao and Taiwan. It warmly welcomes world-renowned universities to cooperate in an all-round way,including student (either short-term or semester-based) program, faculty exchange, joint research and seminars. In terms of international student programs, we offer degree programs in international finance, international economics and trade, international accounting and International business which are totally taught in English, Chinese language program, which is open to students from beginning to advanced levels of Chinese, and also feature summer school program, as SFU enjoys good connections with the financial institutions in Shanghai, the students are invited to visit some financial institutions.

Given that Shanghai has stepped up efforts to build into an international financial center by increasing its support on financial education, SFU as a university with concentration on finance and in close proximity to China (Shanghai) Pilot Free Trade Zone[3] has embarked on an exhilarating new phase of development.

References[edit]

www.sfu.edu.cn

External links[edit]