This Day, That Year
China Daily | Updated: 2019-01-14 08:02
Editor's note: This year marks the 70th anniversary of the founding of New China.
On Jan 12, 1996, China Minsheng Bank was founded by Jing Shuping, former chairman of the All-China Federation of Industry and Commerce. It was the country's first private commercial bank.
When the bank was registered, 85 percent of its 1.38 billion yuan ($203 million) share capital came from enterprises that were not State-owned.
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