Jing shuping biography definition
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He founded the Minsheng Bank, the first privately owned bank to open in the Communist People's Republic of China, in 1996. In comparison with most state banks, which usually have nonperforming loans close to 40 percent, Minsheng only has 4.4 percent. He also became a directorwithin the ChinaInternationalTrust and Investment Corp, which is now known as the CITIC Group, the Chinese government's state-owned investment group.
Jing foundedMinsheng Bank in 1996.
We have no mother-in-law’ (BusinessWeek, 2001). However Jing had to drop out of the elite St John’s University after an oil price war brought his father’s business to the edge of bankruptcy.
Career
He worked as a clerk, typist, and salesman before the family fortunes rebounded. He was brought down again by the 1949 Communist revolution, being branded as a ‘reactionary capitalist’ and forced into hard labor during the Cultural Revolution.
His career as a Chinese entrepreneur only resumed after the official conclusion of the Cultural Revolution in the late 1970s.
Jing Shuping
(1918- )
Jing Shuping is vice-chairman of the Ninth National Committee of the Chinese People's Political Consultative Conference (CPPCC):
Jing, male; born July, 1918; a native of Shangyu, Zhejiang Province; member of China Democratic National Construction Association (CDNCA); graduated from St.
John's University, Shanghai; member of Standing Committee of Eighth CPPCC National Committee; chairman of All-China Federation of Industry and Commerce (ACFIC); president of China Minsheng Banking Corporation.
Served as deputy secretary-general and Standing Committee member of ACFIC from 1957 to 1979; served successively as manager of Real Estate Department and deputy general manager of China International Trust and Investment Corporation, special consultant for Foreign Investment Commission of People's Republic of China and Ministry of Foreign Trade, vice-chairman of ACFIC, and deputy secretary-general of CPPCC National Committee from 1979 to 1993.
Serving as Standing Committee member of Eighth CPPCC National Committee, chairman of ACFIC and president of China Minsheng Banking Corporation since 1993.
Member of Second to Fifth CPPCC National Committees and Standing Committee member of Sixth to Eighth CPPCC National Committees.
(Officially issued biography)
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Jing Shuping Explained
Jing Shuping (7 July 1918 - September 14, 2009) was a Chinese businessman who founded the Minsheng Bank, the first privately owned bank to open in the Communist People's Republic of China, in 1996.[1]
Jing Shuping graduated from Saint John's University in Shanghai in 1939.[1] He was Chairman of the All-China Federation of Industry and Commerce and Vice Chairman of the Chinese People's Political Consultative Conference until 2002, and held the rank of a national leader of China.
Rejuvenated, Jing also became involved in foreign affairs, serving on several commissions dedicated to trade and investment promotion, cross-straits relations and security issues. 2009-09-21.
Shuping Jing
叔平 经
Businessman
Jing Shuping was a Chinese businessman. He resigned as chairman of the bank in 2006 citing declining health.
By 2001, the bank reached a milestone, raising $500 million in China’s second-largest domestic initial public offering.
Education
He received a British-style education in Shanghai in the 1930s. However, he remained the honorarychairman of the bank following his retirement. He was a manager in several companies in Shanghai, later becoming chairman of the Shanghai Association of the Cigarette Industry.
Reuters. Retired in 2006, Jing was named the honorary chairman for the Minsheng Bank.
Who was Jing Shuping?
Jing Shuping was a Chinesebusinessman who founded the Minsheng Bank, the firstprivatelyowned bank to open in the Communist People's Republic of China, in 1996.
Jing Shupinggraduated from Saint John's University in Shanghai in 1939.
In 1939, he began supervising work at his father’s cigarette and chemical manufacturing factories, remaining in Shanghai throughout the Japanese occupation. He was Chairman of the All-China Federation of Industry and Commerce and Vice Chairman of the CPPCCuntil 2002, and held the rank of a nationalleader of China.
He also became a director within the China International Trust and Investment Corp, which is now known as the CITIC Group, the Chinese government's state-owned investment group.[1]
Jing founded Minsheng Bank in 1996.
Background
Jing Shuping was born on July 7, 1918, China. He resigned as chairman of the bank in 2006 citingdeclining health.
Additionally, Jing opened China's first law firm, consulting firm and accounting firm since the 1949 Chinese Revolution.
Jing Shuping died on September 14, 2009, in Beijing at the age of 91.
- Born
- 1918
- Education
- Saint John's University, Shanghai
- Died
- 2009
Edit
Submitted
on July 23, 2013
‘We have an advantage over all the other banks,’ noted Jing, ‘they are all governed by the state.