The Central University of Finance and Economics (CUFE) is a public finance and economics university located in Beijing, China. Affiliated with the Ministry of Education of China, the university is co-sponsored by the Ministry of Education, the Ministry of Finance, and the Beijing Municipal People's Government. The university is part of the Double First-Class Construction and Project 211. CUFE is the first economics and management university which was founded by the China Central Government. The university emphasizes the disciplines of economics, management, law, literature, philosophy, science, engineering, pedagogy and art.

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 Peking University, Tsinghua University, Yenching University, and Fu Jen Catholic University are merged into CUFE. Formerly known as Central School of Taxation, 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 ". In 1999, the Communist Party former general secretary, 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

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.

Schools

Institutes

Centers

Academies

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. In the recent three years (2015–2017), the newly hired faculty members of CUFE are mainly graduated from world-renowned universities.

Students

Currently there are 16,258 students registered at Central University of Finance and Economics, including 10,123 undergraduates, 5,358 masters, 777 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. 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.

Rankings and reputation

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. According to 2018 China College Rankings By Salary, 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, tired with the Peking University and the Renmin University of China. As of 2022, Central University of Finance and Economics ranked the best in Beijing and 2nd nationwide among universities specialized in finance, business, and economics in the recognized Best Chinese Universities Ranking. CUFE ranks in the global top # 33 in "Finance", top # 101 in "Economics", top # 301 in "Business Administration", top # 301 in "Political Science", and top # 301 in "Management" by the Academic Ranking of World Universities (ARWU) by Subjects. As of 2024, the U.S. News & World Report Best Global University Ranking ranked CUFE at #108 globally and 24th in Asia in "Economics and Business" subject.

Notable alumni

International cooperation

As of 2017, Central University of Finance and Economics has cooperation 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 cooperation 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 Kyiv National University of Economics, Chung-Ang University, Tunghai University, Ming Chuan University, Kyungnam University, Soochow University, University of Pernambuco. CUFE has cooperation 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. In 2013, CUFE has launched a Confucius Institute in the University of Pernambuco, Brazil.

Courses

Grades