Shanghai University of Finance and Economics

Shanghai University of Finance and Economics (SUFE) began as a business program at the Nanjing Higher Normal School in 1917. Yang Xingfo, a well-known social activist and patriotic democrat, was appointed as program director. In 1921, as part of the plan to establish the National Southeast University based on Nanjing Higher Normal School, the business program was restructured and transferred to Shanghai, where it established Shanghai University of Commerce under National Southeast University. This university was the first commercial university in China’s history of education. Guo Bingwen, a renowned educator, acted as president, and Ma Yinchu, a well-known economist, was the provost.