Central University of Finance and Economics

Central University of Finance and Economics is directly administered by the Ministry of Education and jointly supported by the Ministry of Education, Ministry of Finance and Beijing Municipality. It is included in the national Double First-Class and Project 211 initiatives and was among the first institutions under the Innovation Platform for Advantageous Disciplines project. Founded on November 6, 1949, it was the first new-style finance and economics higher education institution established by the Central People’s Government after the founding of the People’s Republic of China. Over nearly 70 years, it has developed a disciplinary system centered on economics, management and law, with coordinated development in literature, philosophy, science, engineering, education and art.

It has 50 undergraduate programs and authority to independently establish undergraduate programs in economics and management. It has 8 national and 7 Beijing distinctive program development sites; a national first-level key discipline in Applied Economics and national second-level key discipline in Accounting; and Beijing key disciplines in the first-level disciplines of Business Administration and Statistics, second-level disciplines of Political Economy, Studies on the Sinicization of Marxism and World Economics, and interdisciplinary fields of Economic Information Management and Multinational Corporation Management. It has first-level doctoral degree authorization in Applied Economics, Theoretical Economics, Business Administration and Statistics, 31 second-level doctoral degree authorization fields, 76 second-level master’s degree authorization fields, and 13 professional degree authorization fields including MBA, MPA, Master of Accounting and Master of Laws. Business Administration, Accounting and Law, 3 professional degrees, were approved in 2010 as Ministry of Education comprehensive reform pilot projects for professional postgraduate education. The secretariats of the national advisory committees for professional postgraduate education in Insurance and Asset Valuation are based here. It has 17 national and Beijing quality courses, 6 national open video courses and 2 national quality shared-resource courses. It has received 6 National Teaching Achievement Awards and 30 Beijing Teaching Achievement Awards. It has 5 postdoctoral research stations in Applied Economics, Theoretical Economics, Business Administration, Marxist Theory and Statistics. Its Economics and Public Policy Innovation Platform for Advantageous Disciplines is one of the first 5 pilot projects under that national initiative. It has the China Institute for Actuarial Science, a Ministry of Education key research base in the humanities and social sciences, and the Beijing Finance and Economics Research Base, among Beijing’s first philosophy and social sciences research bases.

It has long emphasized faculty development. Forty-two staff have become experts receiving special State Council allowances. Its young and middle-aged core faculty include 2 Thousand Talents Program recipients, 7 Chang Jiang Scholars, 2 nationally distinguished teachers, 4 national New Century Hundred-Thousand-Ten Thousand Talent Project recipients, Ministry of Education Social Sciences Committee members, Ministry of Education New Century Excellent Talent recipients and other outstanding people. It was among the first humanities and social sciences institutions to implement the Chang Jiang Scholars Program. It has 3 national teaching teams and 7 Beijing outstanding teaching teams.

As economic globalization advances, it implements an internationalization strategy and vigorously develops varied, multilevel international exchange and cooperation. It has close partnerships with 126 universities, government agencies, international organizations, multinational enterprises and other institutions across five continents. Since 2006, commissioned by the central government under national foreign assistance programs, it has trained 730 senior government officials from 91 developing countries, receiving widespread praise. It was among the first 46 universities in the national government-sponsored postgraduate program for building high-level universities. In 2005 and 2007, it respectively became a host institution for the government scholarship program for foreign students and for Chinese Government Scholarship students.