Is Ningbo University of Finance and Economics public or private?

Ningbo University of Finance and Economics is a private school. According to official website of Ningbo University of Finance and Economics, Ningbo University of Finance and Economics is a full-time private undergraduate college approved by the Ministry of Education, located in Ningbo City, Zhejiang Province. Ningbo Institute of Finance and Economics is a private school, but the investor of Ningbo Institute of Finance and Economics was originally Ningbo Cigarette Factory. In the early years, there were not enough colleges and universities in Ningbo, and the government funds were limited. Tobacco factories invested in running schools. The assets of Ningbo Institute of Finance and Economics belong to Ningbo Urban Construction Investment Group Co., Ltd. and the Ningbo Municipal Government. Strictly speaking, Ningbo University of Finance and Economics is actually a state-owned private school, similar to state-owned enterprises. Ningbo, referred to as Ningbo for short, is an important port city in the southeast coast of China, the second largest city in Zhejiang, the economic center in the south wing of the Yangtze River Delta and a national historical and cultural city.