Jin merchants conference to be held

 Jin merchants

Jin merchants, also known as Shanxi province merchants, were the most powerful and prominent merchant guilds during the Ming and Qing dynasties.  

The First World Assembly of Jin Merchants held in the city of Taiyuan, Shanxi province on August 19, attracted many representatives of overseas chambers of commerce and business associations, Jin financiers, entrepreneurs from abroad, and heads of the world's Top 500 companies.

This was the first conference of its kind devoted entirely to the Jin merchants sprit, which refers to the merchants of Shanxi province, and who are known as China's earliest traders, dating back as far as the Warring States period (BC 475-221).

In the early of the reign of Emperor Hongwu (1368-1398) in the Ming Dynasty, Shanxi natives began to supply grain to the northern military frontiers with the aim of getting a government permit for the more profitable trade of salt, a necessity and abundant resources in the province.

Salt trading was how the Shanxi merchants initially accumulated their huge wealth and came to fame. By the time of the Qing Dynasty, the guild had established close ties with the government through continuous tributes, thus becoming an even more powerful capital force.

 

 News

Shanxi to host merchant conference

Jin merchants will usher in their first world conference in the Taiyuan Coal Trading Center from August 19 to 20.

The conference will be a platform to display the spirit and cohesive affinity of new Jin merchants as well as provide a window for the outside world to learn more about Shanxi. It will also be an important event to help expand investment and enhance the industrial transformation of Shanxi.

 

The First World Assembly of Jin Merchants held

The First World Assembly of Jin Merchants held in the city of Taiyuan, Shanxi province on August 19, attracted many representatives of overseas chambers of commerce and business associations, Jin financiers, entrepreneurs from abroad, and heads of the world's Top 500 companies.

 

 People of Significance

Jin merchants conference to be held

Robin Li, Chairman of Baidu

Robin Li was born on Nov 17, 1968 in the city of Yangquan in Shanxi province. He is the co-founder, chairman and CEO of China's most popular search engine, Baidu. He is in charge of strategic plans for the company and is responsible for its operation management.

Jin merchants conference to be held

Terry Guo, Founder of Foxconn
 
Terry Tai-Ming Guo, sometimes written as Terry Guo, was born on Oct 8, 1950 in Banqiao township, Taipei county. His parents lived in Shanxi province in the Chinese mainland before they fled to Taiwan in 1949.
Jin merchants conference to be held

 

Lei Lvtai- Founder of the first bank

Lei was born in a merchant family in Pingyao, when he was young, his family fell on hard times, he worked in various shops as a apprentice, Then he joined Xi Yu Cheng,a money shop, and was appriciated by Li (shop owner) who appointed him as the shopkeeper of the Beijing branch.

Jin merchants conference to be held

Hou Yinchang - founder of Wei Tai Hou

As the private banks mushroomed 40 years after Rishengchang's appearence in Shanxi, among them were five ally banks, generally named Wei associates, established by Hou Yinchang, a merchant from Shanxi. They were almost as influencial as Rishengchang.

Jin merchants conference to be held

Qiao Zhiyong-Founder of Dadetong Bank

Master of Qiao's compound in Qi county, Shanxi province. He has taken his family business as a young man, due to his extrodinary talent, his family business has flourished day by day ever since.Qiao family soon became the largest and richest in Shanxi.

 

Jin merchants conference to be held

Hu Xueyan-Founder of Fukang bank
 
Hu Xueyan was the owner of privat bank- Fukang Bank in sourthern China. He was a businessman with great talent and bold vision. He was very gifted, though he did not receive much education, he had great powers of understanding. Hu's family was in strict circumstances during his childhood, so he was sent to a local bank as an apprentice.

 Private banks in Pingyao

Jin merchants conference to be held

Jin merchants conference to be held

Jin merchants conference to be held

Jin merchants conference to be held 

Wei Tai Hou 

Tian Cheng Heng 

Da DE Tong  Bai Chuan Tong 

5-Episode Documentary: History of modern Chinese banking

Part 1- The beginning

Part 2 - Early days  Part 3 - Rapid growth   Part 4 - Trying times  Part 5- The Transformation