Central University of Finance and Economics

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Central University
of Finance and Economics
Central University of Finance and Economics Logo.png
Motto 忠诚 团结 求实 创新
Motto in English
Loyalty, Unity, Truth, Innovation
Type National university
Established 1949
President Wang, Yaoqi
Academic staff
Students 15,117
Undergraduates 10,101
Postgraduates 4342
Location Beijing,  People's Republic of China
Nickname Zhongcai (中财)
Yangcai (央财)
Cai Da (财大)
Affiliations Under direct administration of Ministry of Education
Mascot “Dragon-horse holding up the universe” (Symbol - also forms part of the logo)
Website www.cufe.edu.cn

Central University of Finance and Economics (CUFE; simplified Chinese: 中央财经大学; traditional Chinese: 中央財經大學; pinyin: Zhōngyāng Cáijīng Dàxué), is a research university located in Beijing, China.

Central University of Finance and Economics is the first economics and management univerisity which was founded by the China Central Government and now under the direct administration of the Ministry of Education of China. The university is a national key university with subjects in economics, management, law, literature, philosophy, science, engineering, pedagogy and art.

Central University of Finance and Economics is both a Project 211 and the 985 Innovative Platforms for Key Disciplines Project university, which receives support from the Ministry of Education, the Ministry of Finance and the Beijing Government. It is a Chinese Ministry of Education Double First Class Discipline University, with Double First Class status in certain disciplines.[1]

Central University of Finance and Economics has been regarded as the best university in finance, economics, business and management of China, which is known as "the Cradle of Giants in the Fields of Finance and Management". In The Report of Chinese Universities and Courses evaluation of 2017-2018 (released by Research Center For China Science Evaluation), Central University of Finance and Economics was ranked No.1 among 67 finance and economics universities in mainland China.[2][3] In the Assessments of Ministry of Education, the Applied Economics of CUFE is ranked as No. 1 in China, accompanying with the Peking University and the Renmin University of China.[4]


In 1949, shortly after the founding of the People's Republic of China, CUFE (then called Central School of Taxation), the first university of finance and economics in the Republic, was created by the China Central Government.

In 1952, the faculties and staffs of economics of the Peking University, the Tsinghua University, the Yenching University, the Fu Jen Catholic University are merged into CUFE.

The former name of CUFE was Central School of Taxation. Later, it went through several stages of development, from Central Institute of Finance, Central Institute of Finance and Economics, to Central Institute of Finance and Banking.

In 1996, the Institute was officially renamed as Central University of Finance and Economics (CUFE) under the direct leadership of the Ministry of Education. CUFE upholds "loyalty, unity, truth and innovation" as its motto, adhering to the philosophy of "pursuing truth and excellence". With over 125,000 graduates, CUFE is known as "the Cradle of Giants in the Field of Finance and Management ".[5][6]

In 1999, the former president of China, Jiang Zemin, gave CUFE his autograph to celebrate the 50th birthday of the university.

Key Disciplinary Areas[edit]

World-class Discipline honored by the Ministry of Education: Applied Economics, which includes National Economics, Regional Economics, Public Finance, Finance, Industrial Economics, International Trade, Labor Economics, Statistics, Quantitative Economics, Defense Economics, Governmental Economics and Management, Investment, Media Economics, Insurance, Acturarial Science, Security Investment, International Finance, Financial Engineering, Taxation.

National Key Disciplines honored by the Ministry of Education: Applied Economics, National Economics, Regional Economics, Public Finance, Finance, Industrial Economics, International Trade, Labor Economics, Statistics, Quantitative Economics, Defense Economics, Accounting.

Municipal Key Disciplines honored by the Beijing Government: Business Administration, Statistics, Political Economics, World Economics, Chinese Marxism, Economic Information Management, Management of Multinational Company

Key Research Base of the Ministry of Education: China Institute of Actuarial Science[7]

Schools and Programs[edit]

Central University of Finance and Economics has four campuses in Beijing (Civil Campus, Shahe Campus, Qinghe Campus and Xishan Campus) and operates 38 correspondence centers in 18 provinces, municipalities and autonomous regions across China. The schools and programs of CUFE are listed below.[8][9][10]

Schools and Programs
Schools Bachelor's programs Taught Master's programs Research Master's and Doctoral programs
School of Public Finance and Tax Public Finance, Taxation, Assets Appraisal Taxation, Assets Appraisal Public Finance, Taxation
School of Finance Finance, Financial Engineering Finance Finance, Financial Engineering, Joint PhD Program with Tilburg University in Finance[11]
School of Accountancy Accounting, Financial Management Auditing, MPAcc Accounting
School of Insurance Insurance, Actuarial Science, Labor and Social Security Insurance Insurance, Actuarial Science, Social Security
School of Statistics and Mathematics Statistics, Economic Statistics, Applied Statistics, Mathematics and Applied Mathematics, Information and Computing Science Applied Statistics Quantitative Economics, Economic Statistics, Mathematical Statistics, Financial Statistics and Risk Management, Applied Statistics
School of International Trade and Economics International Economics and Trade, Trade Economics, International Business, Joint Bachelor's Degree Program with Victoria University in International Economics and Trade (International Trade/Financial Risk Management)[11] International Business International Trade
School of Economics Economics, National Economic Management Political Economics, History of Economic Thought, Economic History, Western Economics, World Economics, Population and Resources and Environmental Economics, National Economics, Regional Economics, Industrial Economics, Labor Economics
Business School Business Administration, Marketing, Market(Big Data Marketing), Human Resource Management, Logistics Management MBA Management of Multinational Company, Business Management, Technical Economics and Management, Human Resouce Management, Logistics Management
School of Management Science and Engineering Investment, Management Science, Engineering Management, Real Estate Development and Management Joint Master's Degree Program with Stevens Institute of Technology in Enterprise Project Management[11] Investment, Management Science and Engineering, Real Estate Economics and Management, Engineering and Project Management
School of Government International Politics, Public Affairs Management, Public Administration, Urban Management MPA Public Administration, Educational Economics and Management, Urban Planning and Administration
School of Sport Economics and Management Sport Economics and Management Industrial Economics
Law School Law Law Constitutional Law and Administrative Law, Criminal Law, Civil Law and Commercial Law, Litigation Law, Economic Law, Internation Law, Financial Services Law
School of Sociology and Psychology Sociology, Social Work, Applied Psychology Applied Psychology Sociology, Demography, Social Psychology
School of Marxism Marxist Theory
School of Culture and Communication Chinese Language and Literature, Journalism, Advertising, Cultural Industry Management, Visual Communication Design, Calligraphy Logistics, Media Economics, Literary Theory, Chinese Philology, Ancient Chinese Literature
School of Foreign Studies English Language and Literature, Japanese Language and Literature, Translation and Interpreting Comparative Literature and World Literature
School of Information Computer Science and Technology, Information Security, Information Management and Information Systems, Electronic Business Software Engineering Industrial Economics, Electronic Business
Institute for Finance and Economics Research Regional Economics
Institute of Defense Economics and Management Defense Economics
Center for China Fiscal Development Public Finance
China Economics and Management Academy Economics(Mathematical Economics and Mathematical Finance) National Economics, Finance, Industrial Economics, International Trade
Chinese Academy of Finance and Development Finance(International Finance and Corporate Finance) Finance
China Academy of Public Finance and Public Policy Public Finance(Public Finance Theory and Policy Research) Regional Economics, Public Finance
China Center for Human Capital and Labor Market Research Labor Economics

Faculty and Staff[edit]

As of September 2017, Central University of Finance and Economics has 1,759 faculty and staff (1178 full-time teachers). Among full-time teachers, there are 293 professors, 451 associate professors and 434 assistant professors and lecturers.[7]

In the recent three years (2015-2017), the newly hired faculty members of CUFE are mainly graduated from world-renowned universities[12], such as

North America: UCLA, UC Riverside, UC Davis, Wharton School, Cornell University, Brown University, UIUC, University of Virginia, Boston University, Georgetown University, Emory University, University of Lowa, Queen's University, University of Alberta, University of Waterloo

Europe: Leiden University, University of Rome La Sapienza, University of Rome Tor Vergata, University of London, University of Edinburgh, University of Nottingham, University of Hamburg, University of Bonn, Vrije Universiteit Amsterdam

Asia: National University of Singapore, Singapore Management University

China: University of Hong Kong, Hong Kong University of Science and Technology, Chinese University of Hong Kong, Chinese Academy of Sciences, Chinese Academy of Social Sciences, Peking University, Tsinghua University, Renmin University of China, Fudan University, Shanghai Jiao Tong University


Currently there are 15,117 students registered at Central University of Finance and Economics, including 10,101 undergraduates, 4,343 masters, 674 PhD candidates.

CUFE has trained more than 125,000 experts in economics and management who have made, and continue to make, significant contributions to the development of China. Many CUFE alumni hold key positions in government, such as the vice premier of the Central Government, the minister of finance, the central bank governor.[7]

In the recent three years (2015-2017), more than 50% of the undergraduate students of CUFE will pursuit a master's or doctoral degree after graduation[13][14][15]. They mainly go to the universities listed below.

North America: MIT, Stanford University, Yale University, University of Chicago, Columbia University, University of California Berkeley, University of Pennsylvania, Johns Hopkins University, New York University, UIUC, Duke University, Washington University in St Louis, Cornell University, Carnegie Mellon University, UC San Diego, University of Washington, University of Wisconsin-Madison, Northwestern University, University of Michigan-Ann Arbor, University of California-Los Angeles, University of Texas at Austin, Georgia Institute of Technology, UC Santa Barbara, University of Toronto, University of Waterloo

Europe: University of Oxford, Imperial College London, London School of Economics and Political Science, University College London, London Business School, University of Edinburgh, King's College London, University of Manchester, HEC Paris

Asia and Oceania: National University of Singapore, Nanyang Technological University, Singapore Management University, University of Melbourne, Australian National University, University of Tokyo, Seoul National University

China: University of Hong Kong, Hong Kong University of Science and Technology, Chinese University of Hong Kong, Central University of Finance and Economics, Renmin University of China, Peking University, Tsinghua University, Fudan University, Chinese Academy of Social Sciences, Chinese Academy of Sciences, Shanghai Jiao Tong University, University of Science and Technology of China, Zhejiang University, Nanjing University.

Distinguished Alumni[edit]

Name[16] Position
Tian Jiyun Vice Premier of the Central Government
Wang Bingqian Minister of Finance, State Councilor, Vice Chairman of the National People's Congress
Wang Guangying Vice Chairman of the National People's Congress
Li Jinhua Vice Chairman of the Chinese People's Political Consultative Conference, Auditor-General of the State Audit Commission
Jin Renqing Minister of Finance, Director-General of the State Administration of Taxation
Rong Zihe Minister of Finance
Li Yuang Director-General of the State Administration of Taxation
Dai Xianglong Central Bank Governor
Fan Busheng CPC Secretary of the Central Bank
Niu Ximing Chairman of the Board of the Bank of Communications
Tao Liming President of the Postal Savings Bank of China
Duan Xiaoxing President of the Hua Xia Bank
Shi Jiliang President of the Agricultural Bank of China
Wang Deyan Chairman of the Board and President of the Bank of China
Zhang Youjun Chairman of the Board of the CITICS Securities, Chairman of the Board of the China Securities
Jin Jiandong President of the Guotai Securities
Shao Chun Chairman of the Board of the China Securities, the Founder of the Chinese Aircraft Carrier
Dai Fengju President of the China Reinsurance Company
Wang Guangqian President of the Central University of Finance and Economics
Wang Yaoqi President of the Central University of Finance and Economics
Wang Kejing President of the Central University of Finance and Economics
Gao yibin President of the National Accounting Institute, Beijing
Hao Shuchen CPC Secretary of the Shandong University of Finance and Economics
Chen Daisun Economist, Professor of the Peking University
Cui Jingbo Professor of the Yenching University, the Peking University, the China-France University, the China University
Sun Zhiqiang Vice Minister of the General Logistics Department of the People's Liberation Army of China

International Cooperations[edit]

As of 2017, Central University of Finance and Economics has cooperations with 126 universities, governments, international organizations and companies abroad.

Started in 2006, asked to help the China's Central Government, CUFE has trained thousands of senior administration officials from 91 developing countries.

CUFE has cooperations with many universities all over the world, such as University of Waterloo, University of Birmingham, Tilburg University, Stevens Institute of Technology, Victoria University, Academy of Finance of the Russian Federation, St. Petersburg State Economic University, Ukraine Kiev National University of Economics, Chung-Ang University, Tunghai University, Ming Chuan University, Kyungnam University, Soochow University, University of Pernambuco.[11][17]

CUFE has cooperations with international organizations as well, such as the Institute and Faculty of Actuaries (IFoA), the Chartered Insurance Institute, the Australian and New Zealand Institute of Insurance and Finance.

CUFE also has many cooperations with some international companies, such as Zurich Financial Services Group, AXA, National Union Life and Limb Insurance Company.[18]

In 2013, CUFE has launched a Confucius Institute in the University of Pernambuco, Brazil.


External links[edit]

Coordinates: 39°57′32″N 116°20′28″E / 39.959°N 116.341°E / 39.959; 116.341