Established in 1994, China Europe International Business School is a non-profit public higher-education institution located in the urban setting of the large metropolis of Shanghai (population range of over 5,000,000 inhabitants). Officially recognized by the Ministry of Education of The People's Republic of China, China Europe International Business School (CEIBS) is a very small coeducational Chinese higher education institution. China Europe International Business School (CEIBS) offers courses and programs leading to officially recognized higher education degrees such as master degrees in several areas of study. This 28 years old Chinese higher-education institution has a selective admission policy based on entrance examinations and students' past academic record and grades. The admission rate range is 20-30% making this Chinese higher education organization a very selective institution. CEIBS also provides several academic and non-academic facilities and services to students including a library, housing, sports facilities, financial aids and/or scholarships, study abroad and exchange programs, as well as administrative services.