SDIBT(originally named China Coal Economic College) was established in December 1985 with the approval of the former Ministry of Education. It was the only finance& economics university of the former Ministry of Coal Industry. SDIBT is built by Central government and ShandongProvince together and mainly managed by ShandongProvince.In November 1997, SDIBT was successful in satisfying the requirements and standards of the undergraduate educational evaluation by the former Ministry of Education. In December 2003, the Education Ministry carried out an evaluation on the bachelor’s degree teaching standards of SDBIT and SDBIT was successful in meeting the Ministry’s required standards. In February 2003, the State Ministry of Education gave approval for the institute to change its original name into Shandong Institute of Business and Technology.

　　Shandong Institute of Business and Technology is located in Yantai, which is one of the “most charming city in China”. Facing the sea and against the green mountains its lovely surroundings and agreeable climate has gained for it, the high honor of being known as the “Garden and Intellectual Campus” at the provincial level. SDIBT with an area of 1,392 mu, consisting of a construction area of over 370,000 square meters, a library of 1736，500 volumes of books, and fixed assets of over RMB 50,000,000, thus has formed conditions and facilities compatible with larger educational scale.

 Now there are 17 departments in the university: School of Management Science and Engineering^^^ There are four provincial key disciplines: “Management Science and Engineering”, Enterprise Management, Statistics and Constitutional Law & Administrative Law. SDIBT develops international cooperation positively and has set up a good relationship in academic exchanges and cooperation with universities from Canada, Russia, Germany, Australia, Korea, Japan, Singapore and many other countries. SDIBT has been given the approval of admitting foreign students and Sino-overseas cooperation in running schools.

With 20 years’ development, SDIBT has become a comprehensive finance and economics university with major in Economics and Management, in line with 6 other main disciplines, such as Law, Arts, Business and Technology. SDIBT has been giving priority to its continued development. Oriented by teaching, focused on academic research, aimed reforms as motivation, and embracing school motto of “With Management and Economics Prosperity, Comes Wisdom and Compassion” , SDIBT has been fully implementing the strategy of “ Supported by Discipline, Strengthened by Talents, Prospered by Unique Characteristics”, at the same time, constructing peaceful campus, harmonious campus, and environmental campus actively and striving for construction of high level university of finance and economics in Shandong.