Jing Shuping (, 7 July 1918 – September 14, 2009) was a Chinese

businessman A businessperson, businessman, or businesswoman is an individual who has founded, owns, or holds shares in (including as an angel investor) a private-sector company. A businessperson undertakes activities (commercial or industrial) for th ...

who founded the Minsheng Bank, the first privately owned bank to open in the

Communist Communism (from Latin la, communis, lit=common, universal, label=none) is a far-left sociopolitical, philosophical, and economic ideology and current within the socialist movement whose goal is the establishment of a communist society, a s ...

People's Republic of China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

, in 1996. Jing Shuping graduated from

Saint John's University St John's University may refer to: *St. John's University (New York City) ** St. John's University School of Law **St. John's University (Italy) - Overseas Campus * College of Saint Benedict and Saint John's University, St. Joseph, Minnesota and C ...

Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flow ...

in 1939. He was Chairman of the

All-China Federation of Industry and Commerce The All-China Federation of Industry and Commerce (ACFIC; ) is a non-governmental chamber of commerce, established in 1953 as a successor to the chambers of commerce that were first founded during the Qing dynasty. Today, it consists of Chinese i ...

and Vice Chairman of the

Chinese People's Political Consultative Conference The Chinese People's Political Consultative Conference (CPPCC, zh, 中国人民政治协商会议), also known as the People's PCC (, ) or simply the PCC (), is a political advisory body in the People's Republic of China and a central part of ...

until 2002, and held the rank of a national leader of China. He also became a director within the China International Trust and Investment Corp, which is now known as the

CITIC Group CITIC Group Corporation Ltd., formerly the China International Trust Investment Corporation (CITIC), is a state-owned investment company of the People's Republic of China, established by Rong Yiren in 1979 with the approval of Deng Xiaoping. ...

, the Chinese government's state-owned

investment Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing i ...

group. Jing founded Minsheng Bank in 1996. He resigned as

chairman The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

of the bank in 2006 citing declining health. However, he remained the honorary chairman of the bank following his retirement. Additionally, Jing opened China's first

law firm A law firm is a business entity formed by one or more lawyers to engage in the practice of law. The primary service rendered by a law firm is to advise clients (individuals or corporations) about their legal rights and responsibilities, and to r ...

consulting firm A consulting firm or simply consultancy is a professional service firm that provides expertise and specialised labour for a fee, through the use of consultants. Consulting firms may have one employee or thousands; they may consult in a broad range ...

and accounting firm since the 1949 Chinese Revolution. Jing Shuping died on September 14, 2009, in

Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...

at the age of 91.

References

{{DEFAULTSORT:Jing Shuping 1918 births 2009 deaths Chinese bankers Businesspeople from Shanghai People's Republic of China politicians from Shanghai Members of the Preparatory Committee for the Hong Kong Special Administrative Region Vice Chairpersons of the National Committee of the Chinese People's Political Consultative Conference St. John's University, Shanghai alumni People from Shangyu China Minsheng Bank people