Central University of Finance and Economics

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
Type	National university
Established	1949
President	Wang, Yaoqi
Academic staff	1067
Students	15,117
Undergraduates	10,101
Postgraduates	4342
Doctoral students	673
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 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] 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]

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 ".^[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

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

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]

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.^[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

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.^[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

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.^[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.

References

External links

Wikimedia Commons has media related to Central University of Finance and Economics.

• Central University of Finance and Economics Official Website
• Research For China Science Evaluation Official Website

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