Ningbo University of Finance and Economics is a private university. According to information from official website of Ningbo University of Finance and Economics, Ningbo University of Finance and Economics is a full-time private undergraduate college approved by the Ministry of Education. It is the first batch of pilot demonstration colleges for application-oriented undergraduate construction in Zhejiang Province and the national demonstration school for innovation and entrepreneurship education in private colleges and universities. This is a private university. Ningbo Institute of Finance and Economics is located in Ningbo City, Zhejiang Province. It is a full-time private undergraduate college approved by the Ministry of Education. The school was founded in 200 1, formerly known as Ningbo Dahongying Vocational and Technical College. In 2008, it was upgraded to Ningbo Dahongying College, 20 165438, and Ningbo Dahongying College was renamed Ningbo Institute of Finance and Economics.