Under the strong support of former Chinese Premier Zhu Rongji, the Shanghai National Accounting Institute (SNAI) was established in September 2000 as a public service institution affiliated to the Ministry of Finance of China (MOF). The Institution is subject to the dual leadership of MOF and the Shanghai Municipal People's Government and its operation is managed by the President under the supervision of the Board of Directors. Meanwhile, SNAI also hosts the Asia-Pacific Finance and Development Center (AFDC) created by the Chinese Central Government for region-wide capacity building under the APEC framework.
In the past 10-plus years, SNAI has sought to find pedagogy proper for senior financial and accounting professionals, cultivate high-end talent for the accounting industry, and provide advanced continuing education for macroeconomic regulators, large-and-medium-sized SOEs, financial institutions, and intermediaries. Today, SNAI has created its own unique teaching philosophy and methods underpinned by the three pillars of degree education, executive development program, and distance education. Over the years, SNAI has gradually established its reputation and become a spiritual home for accounting practitioners.