Established in 1949, Central University of Finance and Economics is a non-profit public higher-education institution located in the urban setting of the large metropolis of Beijing (population range of over 5,000,000 inhabitants). Officially recognized by the Ministry of Education of The People's Republic of China, Central University of Finance and Economics (CUFE) is a large coeducational Chinese higher education institution. Central University of Finance and Economics (CUFE) offers courses and programs leading to officially recognized higher education degrees such as bachelor degrees in several areas of study. This 73 years old Chinese higher-education institution has a selective admission policy based on entrance examinations. International applicants are eligible to apply for enrollment. CUFE also provides several academic and non-academic facilities and services to students including a library, sports facilities, financial aids and/or scholarships, study abroad and exchange programs, as well as administrative services.