Shanghai University of Finance and Economics originated from Nanjing Normal University 19 17. When Nanjing Normal University was expanded into a national southeast university, in order to meet the needs of cultivating business talents, the business department moved to Shanghai. Shanghai Business School was established in 192 1, which is the earliest business university in China's education history. 1932 8. 1950 In August, the school was renamed Shanghai Institute of Finance and Economics. On September 1985, the school was renamed Shanghai University of Finance and Economics.