Founded in 1960, the Shanghai University of International Business and Economics (former Shanghai Institute of Foreign Trade) was affiliated to the Ministry of Foreign Trade and Economic Cooperation (now the Ministry of Commerce) until September 1994, since when it has been under the administration of the Shanghai Municipal People’s Government. In April 2013, it was granted by the Ministry of Education (MOE) a university status and renamed the Shanghai University of International Business and Economics (SUIBE). SUIBE consists of 11 schools, i.e. the School of Business, School of Foreign Languages, School of Finance, School of Law, School of Management, School of Accounting, School of Tourism and Event Management, School of Business Information Management, School of International Studies, School of Continuing Education, School of WTO Research and Education. SUIBE offers 32 undergraduate programs, covering five fields of disciplines, i.e. economics, management science, literature, law and natural science. Master Degrees are conferred in 4 of its first-level disciplines and 28 of its National-level disciplines. SUIBE boasts a National-Level Demonstration Center for Experimental Teaching, a National-Level Zone for Experimenting Innovative Talent Development Model, and a National -Level Entrepreneurship Base for Undergraduates. Among all its programs, international economy and trade, English language, finance, logistics management and business administration are designated by MOE as distinctive programs. Among the courses SUIBE offers, financial management and international trade practices are national top-level courses; marketing, securities investment analysis, business logistics are national demonstration courses of bilingual teaching. The teaching team for courses related to business administration is rated as National-level teaching team. There are over 1000 faculty and staff members working at SUIBE and above 400 of them are professors and associate professors. More than 10,000 students are studying in the undergraduate and graduate programs and some 2000 international students in various programs.