Today, UIBE is one of the most sought after academic institutions in China, a place of study for China's most talented students; its prime aim is to equip students not only with professional competency and superior analytical skills, but also independent thinking, excellent multi-lingual communication skills, and a global outlook and awareness.
UIBE was founded in 1951 as the Beijing Institute of Foreign Trade. In 1960 it was designated as a "key university" by the government for its outstanding programs. In May 1997 UIBE was put on the list of "Project 211" universities, a governmental program aimed at turning about 100 Chinese universities into exceptionally high quality academic institutions in the new century. In 2000, UIBE was merged with the China Institute of Finance and consequently reinforced its status as one of the leading academic institutions specializing in the fields of economics, business, insurance, management, finance, law, and international trade.
In December 1989, UIBE became the first university in China to have a Board of Trustees composed of members from the Ministry of Foreign Trade and Economic Cooperation, Bank of China, People's Insurance Company of China, Hong Kong Chamber of Commerce, and several others. Li Lanqing, the former Vice-Premier of the State Council, took the chair for its first session, and Wu Yi, former Vice-Premier of the State Council, chaired the Board for its second session.
The University of International Business and Economics (UIBE), is located in the lovely Chaoyang District, the most international area of Beijing, located in the Northeastern part of China's capital Beijing; a stone's throw to many of Beijing's most revered monuments, easily accessible to all points of the capital thanks to an ultra efficient and comfortable transportation subway network.