Shanghai Finance University
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上海金融学院
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Former names
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Shanghai Banking School |
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| Motto | 立诚明德 经世致用 |
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Motto in English
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Display honesty and cultivate virtue, foster ambition and contribute to society |
| Type | Public |
| Established | 1952 |
| President | Wang Hongwei |
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Academic staff
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717 |
| Students | 8000 |
| Location | Pudong, Shanghai, China |
| Campus | 45 hectares |
| Athletics | Fencing |
| Nickname | SFU |
| Website | www |
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.
In Pudong New Area, SFU is near many multinational corporations and several universities. It sits on a campus with an area of more than 45 hectares and a construction area of 25 hectares.
SFU has 11 schools and six departments, offering 25 majors. The students are from 23 provinces and municipalities of mainland China, Hong Kong, Macao and Taiwan. SFU enrolls 600 foreign students. 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.
China's financial industry has experienced highs and lows along with all of China’s history. 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. To meet the needs of economic development, the People's Bank of China started financial education. In 1952, Shanghai Banking School was established; today it is known as Shanghai Finance University.
Based on the requirements of business development, the People's Bank of China 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 became the pioneers and leaders of the financial field.
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, it reopened with the new name “Shanghai Finance School” offering three majors: fiscal science, finance, and foreign exchange. In 10 years, it produced more than 1,400 graduates, of which 58% worked in finance and banking departments.
After the Third Plenary Session of the Eleventh CPC Central Committee, 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 were improved. The school offered programs and majors in finance, insurance, accounting, foreign exchange, etc.
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Wikipedia