Shanghai University of Finance and Economics (hereinafter referred to as the school) originated from the business department founded by Nanjing Higher Normal School in 1917. The school moved to Shanghai in 1921 and the Shanghai University of Commerce was established. The school was established independently in 1932 and named the National Shanghai Business School. In 1950, the school was renamed Shanghai Institute of Finance and Economics. In 1985, the school was renamed Shanghai University of Finance and Economics.