Founded in 2010, Newhuadu Business School was established with a donation of 1 billion RMB from Fujian Fashu Charity Foundation to Minjiang University, adopting the school-running model of public-run with private assistance. Its first dean was Professor Edmund Phelps, winner of the 2006 Nobel Prize in Economics and a faculty member of Columbia University in the United States.
The School comprises four teaching units: the Department of Business Administration, the Department of Accounting, the Department of Finance, and the Graduate Education Center. It houses the Cross-Strait Industrial Integration and Development Research Institute, a research institution approved by the Taiwan Affairs Office of the State Council (also a provincial key think tank). The discipline of Business Administration is a Key Discipline of Fujian Province, a Plateau Discipline of Fujian Province, and a backbone discipline of Fujian Provincial First-class Applied Universities. It has the right to award master's degrees in Business Administration.
The School offers 3 undergraduate majors: Business Administration, Accounting, and Finance. Among them, Business Administration and Accounting are National First-class Professional Construction Sites, and Finance is a Provincial First-class Professional Construction Site. It has undertaken 4 National Natural Science Foundation projects, 4 National Social Science Foundation projects, 3 Humanities and Social Sciences Research Projects of the Ministry of Education, and more than 50 provincial-level projects. It has won 4 Second Prizes and 5 Third Prizes of Provincial Social Science Achievements.
Courses including Advanced Financial Accounting and Marketing are National First-class Undergraduate Courses; 7 courses such as Principles of Accounting are Provincial First-class Undergraduate Courses; Organizational Behavior is a Provincial Excellent Graduate Education Course; and 5 courses including Macroeconomics are Provincial Ideological and Political Demonstration Courses. The School has also won 2 Provincial Teaching Achievement Awards.
The School currently has 84 faculty and staff members, including 48 full-time teachers. Among the full-time teachers, 75% hold doctoral degrees, 50% have overseas study or further education experience, and 3 are Taiwanese teachers. There are 16 teachers with senior titles, 13 with associate senior titles, 2 doctoral supervisors, and 33 master supervisors.
The faculty includes 1 New Century Excellent Talent of the Ministry of Education, 2 National Accounting Leading Talents, 1 Science and Technology Leading Talent of the Double Hundred Plan for High-level Talents with Special Support in Fujian Province, 1 Talent of the Hundred Talents Plan for Introducing High-level Taiwan Talents in Fujian Province, 2 High-level Talents (Class B) in Fujian Province, 8 High-level Talents (Class C) in Fujian Province, 2 High-level Talents (Class D) in Fuzhou City, and 18 High-level Talents (Class E) in Fuzhou City.
At present, there are 1,686 full-time undergraduate students and 405 graduate students. The average employment rate of undergraduate graduates in the past four years is 97.75%.