Beijing University of Commerce was formerly known as the Central Business School, formerly known as the All-China Federation of Supply and Marketing Cooperatives Cadre School and the Central Business Cadre School, which was founded in 1950. It is one of the earliest institutions of higher learning in People's Republic of China (PRC) (China), which mainly trains economic management talents. It has successively been affiliated to the Ministry of Commerce and the Ministry of Internal Trade of People's Republic of China (PRC), and is the first batch of master's degree awarding units approved by the Academic Degrees Committee of the State Council, People's Republic of China (PRC), ranking first among the institutions affiliated to the former Ministry of Commerce and the Ministry of Internal Trade. 1June 1999 With the approval of the Ministry of Education, Beijing University of Commerce merged with Beijing Institute of Light Industry, and the School of Mechanical Industry Management merged to form Beijing Technology and Business University. By the end of 20 14, there were full-time undergraduate students 16, master students 1988 and 3709 students in adult education.