Central University of Finance and Economics

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
中央财经大学
Motto忠诚 团结 求实 创新
Motto in English
Loyalty, Unity, Truth, Innovation
TypeNational university
Established1949
PresidentWang, Yaoqi
Academic staff
1067
Students15,117
Undergraduates10,101
Postgraduates4342
673
Location
Beijing
,
 People's Republic of China
NicknameZhongcai (中财)
Yangcai (央财)
Cai Da (财大)
AffiliationsUnder direct administration of Ministry of Education
Mascot"Dragon-horse holding up the universe" (Symbol – also forms part of the logo)
Websitewww.cufe.edu.cn

Central University of Finance and Economics is the first economics and management university 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] According to 2018 China College Rankings By Salary,[4] the average salaries of CUFE graduates is ranked No.9 in China. 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.[5]

History

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 ".[6][7]

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

Key disciplinary areas

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, Actuarial 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[8]

Organization

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, centers, institutes and academies of CUFE are listed below.[9][10][11]

Schools

School of Public Finance and Tax

School of Finance

School of Accountancy

School of Insurance

School of Statistics and Mathematics

School of International Trade and Economics

School of Economics

Business School

School of Management Science and Engineering

School of Government

School of Sport Economics and Management

Law School

School of Sociology and Psychology

School of Marxism

School of Culture and Communication

School of Foreign Studies

School of Information

Institutes

Institute for Finance and Economics Research

Institute of Defense Economics and Management

International Institute of Green Finance

Centers

Center for China Fiscal Development

China Center for Human Capital and Labor Market Research

Academies

China Economics and Management Academy

Chinese Academy of Finance and Development

China Academy of Public Finance and Public Policy

Faculty and Staff

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.[8]

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

Students

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.[8]

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
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
Li Fei Founder of TF Entertainment

International Cooperations

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.[17][18]

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.[19]

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

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References
  1. "教育部 财政部 国家发展改革委 关于公布世界一流大学和一流学科建设高校及建设 学科名单的通知 (Notice from the Ministry of Education and other national governmental departments announcing the list of double first class universities and disciplines)".
  2. The Report of Chinese Universities and Courses Evaluation
  3. "Ranking of Finance and Economics Universities".
  4. "2018 China graduates' salary ranking". www.sohu.com. Retrieved 2019-01-08.
  5. "Assessments of Ministry of Education" (PDF). Archived from the original (PDF) on 2018-12-23. Retrieved 2018-01-20.
  6. "General Information".
  7. "History of CUFE".
  8. "Information".
  9. "Undergraduate Programs of CUFE".
  10. "Postgraduate programs of CUFE".
  11. "Degree Programs".
  12. "CUFE News".
  13. "2017 Graduates Report".
  14. "2016 Graduates Report".
  15. "2015 Graduates Report".
  16. "Alumni". Archived from the original on 2018-01-21. Retrieved 2018-01-20.
  17. "international programs".
  18. "Cooperations with Taiwan".
  19. "CUFE Baidu Baike".

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