The Origin of Bank of Communications
The Bank of Communications was established by Sheng Xuanhuai. Sheng Xuanhuai presided over the railways, posts and telecommunications, and ships in the Qing Dynasty, and served as the minister of postal services, so a series of transportation companies were established. Including the university he founded, also known as Jiaotong University. At the same time, Sheng Xuanhuai also established China Merchants Group, which was mainly used in the shipping industry, so he founded a series of China Merchants Group companies, including Hong Kong Merchants Group, which can still be seen today, and China Merchants Bank, which was later founded.