Founded in 1917, Shanghai University of Finance and Economics 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 Shanghai Municipal Education Commission, Shanghai University of Finance and Economics is a large coeducational Chinese higher education institution. Shanghai University of Finance and Economics offers courses and programs leading to officially recognized higher education degrees such as bachelor degrees, master degrees, doctorate degrees in several areas of study. This 105 years old Chinese higher-education institution has a selective admission policy based on entrance examinations. International students are welcome to apply for enrollment. Shanghai University of Finance and Economics 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.