Hubei University of Commerce and Trade, founded in 1994, is a full-time private undergraduate college approved by the Ministry of Education and one of the first private undergraduate colleges established in Hubei Province. Private colleges and universities refer to higher education institutions organized by social groups, enterprises, institutions, individuals and foreigners. They are not directly organized or managed by the government, but through registration, application and approval.

Compared with public universities, private universities have different sources of funds and governance structures. Hubei Business College, formerly known as Hubei Finance and Taxation Vocational College, was originally funded by Hubei Finance and Trade System and transformed into a national school in 200 1.

With the development of market economy and the deepening of higher education reform, the college has gradually transformed from finance and taxation to trade, business administration and other multidisciplinary majors, and has made remarkable achievements. Hubei Institute of Commerce and Trade is affiliated to Hubei Rural Credit Cooperative Group, which is an important part of the group.

Hubei Rural Credit Cooperative Group, formerly known as Hubei Credit Union, is a comprehensive financial institution with a number of franchise rights and banking licenses. To sum up, Hubei University of Commerce and Trade is a private college, which belongs to Hubei Rural Credit Cooperative Group and is one of the key institutions supported by Hubei Province. It is committed to training talents in financial management, engineering and liberal arts.

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Hubei University of Commerce, located in Wuhan, Hubei Province, is a full-time private undergraduate college approved by the Ministry of Education. The school's predecessor can be traced back to Wuhan Foreign Affairs School, which was founded in 1995, and later renamed as Business College of Hubei University of Technology and Business College of Hubei University of Technology.

On April 20 15, with the approval of the Ministry of Education, the Business College of Hubei University of Technology was renamed Hubei Business College. The school has two campuses, Wuhan and Xianning, covering an area of nearly 1.400 mu and a school building area of nearly 400,000 square meters. Various collections of books 1.55 million copies, and electronic books 1.07 million copies. There are 10 teaching units and 60 undergraduate colleges; Full-time students1more than 5000 people.