Yu Qiaqing (1867-1945) was born in Cixi Town, Zhenhai County, Zhejiang Province, into a poor tailor's family under the Volong Mountain. 7 years old, his father died of illness, and he was left with his mother, Ms. Fang, and his 3-year-old brother. Family poverty, lost the opportunity to study, the village of the same clan of private school teacher Yu Shimin, see Yu Qiaqing smart and wise, treating people calmly, that this child will become a great future, free of charge as a student, teach recitation of the book and study words, Yu Qiaqing later in Shanghai, lay the foundation of the world. After Yu Qiaqing made his fortune, he honored Mr. Yu Shimin as his guest and made him spend his twilight years in peace.
In 1881, at the age of 15, Yu Qiaqing said goodbye to his hometown with the help of his granduncle Yu Qingyao, and came to Shanghai by boat to learn "business" (as an apprentice). On the day he reported for duty, halfway down the road, the sky suddenly started to rain heavily, Yu Qiaqing immediately took off his mother's new cloth shoes, and walked into the Ruikang Dye Shop barefooted with two shoes in his hands. The owner of the store, Mr. Xi, laughed out loud, took Yu Qiaqing's hand in both of his, and said, "Good! Good!" Strange as it may seem, Mr. Xi had a dream last night that the God of Wealth came into his house with two Yuanbao in his hands. Today see Yu Qiaqing's appearance, just with the dream signs, happy Xi boss laughed. Yu Qiaqing "barefoot God of Fortune" story, widely rumored as a good story.
The Xi boss of Ruikang Pigment Store, after many observations and tests, saw Yu Qiaqing's flexible mind and shrewdness, and decided to reuse him and let him go out with the big fellows to "run the street" (to get business) to get a long insight. Once, Yu Qiaqing came to a foreign bank, saw a batch of rusty pigment boxes were about to be sold at low price, he carefully examined the boxes, found that the iron boxes were rusted by water in the sea transportation, the quality of pigment was not affected, he reported to Xi boss, all "ate in" at low price, which made the Ruikang Pigment Store rich. Yu Qiaqing as an apprentice, the end of the year in accordance with the customary shoes and socks fee of 12 yuan, but the Xi boss additional 40 yuan, promoted him to the "street" gentleman.
Yu Qiaqing often run foreign banks, see the foreigners, although in the work of life will learn a few words of "pidgin" English, but he can not read English, not to mention writing English. He used the evening to go to the British in the YMCA night school to learn English, in the night school to make many foreign friends. Through hard and serious study, Yu Qiaqing can speak fluent English with London accent, and can read and write English, and at the same time learned German, Russian, French, Yu Qiaqing learning foreign languages can be said to be gifted wizards. Yu Qiaqing worked in Ruikang Pigment Store for 12 years and did his best for Ruikang Store to make the store stand firm in the fierce competition. When the business of the store progressed, Mr. Xi, the owner of the store, sent Yu Qiaqing shares to become a shareholder, and Yu Qiaqing, thanks to the owner's cultivation, contributed 200 taels of silver and became a shareholder of the store.
1895, Sino-Japanese Sino-Japanese War, the Qing government lost the war, signed the humiliating Treaty of Shimonoseki, the island of Taiwan was cut off by Japan. At that time in Shanghai, the foreigners were very arrogant, crossing the border to expand the boundaries of the lease, the Qing government on the knees of the foreigners to compromise, the people aggravated the oppression. Yu Qiaqing want to make a big career, or with the help of the foreigners, he jumped out of the "Ruikang", recommended to enter the German Lulin Bank to do "running" (deputy buyer). Yu Qiaqing in the Shanghai Bund "familiar", "popular", the work is very good, y appreciated by the president of the foreign bank. Soon after, he was promoted to the position of buying office. In addition to the high salary, the main income of Chinese people as a buyer is to collect commission (commission) in buying and selling goods for foreign banks. Commission was a kind of incentive for Chinese to work as buyers for foreign banks. Yu Qiaqing worked for nine years as a buyer for the German firm Lulin, gathered a large amount of wealth, and began to invest in the real estate industry in Zhabei. Yu Qiaqing remembered the words of his mother: "Rely on your parents at home, and rely on your friends when you go out". In Ningbo fellow townsmen, he was willing to help others, to help people solve their problems, especially shopkeepers of Ningbo nationality, who were often defrauded by the foreigners in the trade, but they did not know English, and could not make sense of it. They asked "Ah De Ge to help", and Ah De Ge was happy to help shopkeepers negotiate with foreigners and fight for their rights. Yu Qiaqing's name was He De, and the people of Ningbo called him "Ah De Ge". "In 1897, on the pretext of expanding the road, the French Concession Bureau forced the Ningbo Fellowship Association to demolish and relocate the funeral parlor and the cemetery in the Simei Office of the French Concession in Shanghai. The practice of the French Concession authorities made it impossible for the dead to rest in peace and offended the anger of the Ningbo people. On Chinese soil, the Chinese have the right to protect their ancestors. The Chinese, especially the large number of Ningbo people in Shanghai, united to protest against the demolition decision of the French Concession authorities. Yu Qiaqing, an Admiral with a sense of national justice, took the initiative and, in collaboration with the Simei Public Office, launched a protest demonstration, organized Chinese laborers, and went on strike. Under the strong resistance and struggle of the people, the French Concession authorities withdrew their decision to demolish the building and the French Consulate erected a stone tablet to demarcate the property, guaranteeing that it would not be violated any more, and the Simei Office won the victory. Yu Qiaqing's name became a household name in Shanghai and he became a tycoon in the business world.
In 1903, the China-Russia Dawson Bank hired Yu Qiaqing as a Chinese buyer, and for the first time, he entered the banking sector of the financial industry, and interacted with high-level foreign society. In the financial business transactions with foreign banks in China, Yu Qiaqing is smart and efficient, which makes the senior foreigners in the banking sector have a very good comment on him. 1905, the Netherlands Bank urgently needs to hire familiar with the social situation of the buyer in China, in the recommendation of the foreigners, the Netherlands Bank paid a lot of money to hire Yu Qiaqing as a buyer in China, management of the bank's business. Yu Qiaqing did his best to expand the business for the bank and gained rich profits, and was trusted by the Dutch head office. Yu Qiaqing served in ABN AMRO for 22 years until he retired in his 60s.
Yu Qiaqing as a bank buyer period, 1900, the outbreak of the Boxer Rebellion in northern China anti-imperialist and patriotic movement, Britain, France, Japan and other eight-nation allied forces invaded China, attacked the city of Beijing, the signing of the "Treaty of Simchung", signed the Gengzi reparations in 1901, the total amount of 450 million taels of silver reparations. The Qing government was anxious to pay the indemnity of various countries, raise the indemnity, had no choice but to borrow from the bank group formed by various countries. In 1906, Empress Dowager Cixi promulgated the "Preparatory Constitutional Law", and sent five ministers, including Duanfang and Jaize, to Japan to study, and Yu Qiaqing was appointed to accompany the delegation. Yu Qiaqing was authorized to accompany the delegation. This enabled him to have a further understanding of foreign industry and commerce. After returning to China, he submitted to the Empress Dowager Cixi, put forward "the use of banks to exploit China, restricting the development of Chinese industry and commerce, in order to revitalize the industrial sector, to regain the right, we must create the Chinese own bank". This suggestion was adopted by the Qing government. Yu Qiaqing invited the big capitalists of Ningbo Zhou Jinzheng, Zhu Baosan and other people initiated the founding of the Bank of Simei, with a capital of 1.5 million taels of silver, registered by the Ministry of Agriculture, Industry and Commerce of the Qing Dynasty, China's first private bank on September 11, 1908, the British Concession Jiangxi Road officially started business, Yu Qiaqing was elected as a member of the Board of Directors.
In the early 20th century, the water transportation from Shanghai to Ningbo was controlled by the foreigner Taikoo Steamship Company, Oriental Steamship Company, and the bureaucratic China Merchants Steamship Company, and the high price of the tickets made the people of Ningbo very dissatisfied. Yu Qiaqing saw a good business opportunity, he invited Yan Xiaofang and others to build a joint-stock company, 5 yuan per share, many people in Ningbo to buy shares into the stock, * * * capitalization of 400,000 yuan, was established in 1909 Ning Shao Shipping Company, Yu Qiaqing as general manager. In order to compete with foreign ships, Ning Shao ship fares cheaper than the other three shipping companies, crew service is good, so passenger and freight transportation are very prosperous. British Swire Shipping Company for the collapse of the Ning Shao company, the unified cabin ticket from one yuan down to the triangle, and send towels, soap, "competition at a loss", so that the Ning Shao wheel business plummeted, can not be maintained. At the moment of crisis, Ningbo Fellowship Association to organize the maintenance of tickets, raise funds to subsidize the support, Ning Shao company with low fares and foreign competition, this competition "both sides lose". Finally, foreign shipping companies and Ning Shao company agreement to balance the price of tickets, competition Ning Shao company in the shipping industry to stand firm.
Three years later, Yu Qiaqing and the company's major shareholders due to the purchase of "Yongxing ship" conflict, quit Ning Shao company. 1913, he sole proprietor of the company founded the three northern shipping company, capital of 200,000 yuan, the head office moved to Shanghai. Yu Qiaqing's financial investment is unique, to buy a ship to pay 30% down payment, after sailing the ship year by year to pay off the ship, to ship to raise the ship. Buy a boat as collateral, you can borrow from the bank 70% of the price of the boat, as long as the down payment of 30% of the cash to buy a boat, 40% of the money can be used as the company's liquidity working capital, the more you buy a boat, the more money the company. Yu Qiaqing could make full use of the identity of the Dutch bank buyer, in the banking industry to borrow more money, the development of the three northern shipping company. Initially purchased "Cibei", "Yao Bei", "Zhen Bei" three ships, the route Shanghai to Ningbo, Shenjiamen, and Shanghai to Zhenjiang, so called "Three North Ship Company". Three North Steamship Company". Soon with 1 million yuan to buy the Netherlands made 1320 tons of steel-hulled ships, sailing in the north and south coast of the big cities of Tianjin, Dalian, Qingdao, Ningbo, Fuzhou, Guangzhou and Nanyang Island. 1917 and founded the Ningxing Steamship Co., purchased 3439 tons of "Ningxing" ship, specializing in Tianjin, Dalian, to Shanghai, the business of the shipping operation. In December 1918, Yu Qiaqing invested in the British-registered Sino-British Joint Venture Hongan Commercial Lines and bought back the British shares. In December 1918, Yu Qiaqing invested in the British-registered China-British Joint Venture Hongan Merchant Shipping Company and bought back the shares of the British. The company was reorganized into China Merchant Shipping Company with a capital of RMB 450,000 yuan by acquiring two ships, Chang'an and Dexing, as well as warehouses and piers. Increase the capital to 1 million yuan, the new purchase of "Wulin", "Zhijiang", "Huawei" three ships, *** total 5604 tons, continue to operate the Yangtze River, coastal and ocean voyages.
Yu Qiaqing recognized that "the rise and fall of the shipping industry, the wharf is important". In 1916, he built the Hongsheng Dock and Stack Company. In order to repair the group's ships, and the establishment of the Sanbei Shipbuilding Company machine shop, with a shipyard for ship repair, but also able to manufacture small barges, barges and ancillary equipment.
From 1914 to 1921, three north group has formed three north, ningxing, hongan ship company, become have 18 big ships and traveling zhejiang coast 45 small ships, and dock stacks, ship repair joint enterprise, capital 3.2 million yuan, ship dock stacks, factory assets 7 million yuan. Sanbei Group became China's largest Chinese shipping group.
In the early 20th century, China's semi-colonial and semi-feudal society was in turmoil and the political situation was unpredictable. The Xinhai Revolution overthrew the feudal Qing Dynasty, Yuan Shikai usurped the fruits of the revolution, Sun Yat-sen led the second revolution, and the Protectorate Movement opposed Yuan Shikai's claim to be the emperor, Yuan Shikai died, and the Beiyang warlord government emerged in Beijing. The three factions of Beiyang warlords, namely the Direct, Anhui, and Feng factions, fought for the power of the Beijing government and the power of local secessionist forces, which led to a prolonged period of chaos and never-ending wars, with the people in a precarious state of security and the country torn apart. In such a period of political turmoil, Chinese national capitalists, in order to protect the industry and commerce they had founded and to cope with the warlords, bureaucrats and local black forces, had a very complicated mentality; they had a basic patriotic and nationalistic spirit and demanded national unity, wealth and strength. On the other hand, in order to survive and protect their own industry and commerce, they borrowed the power of the foreigners and made relations with the warlords and bureaucrats. They know that "the officials are afraid of the foreigners, the foreigners are afraid of the people", and they want to borrow the power of the foreigners to suppress the warlords, and the power of the people to suppress the foreigners' aggression and expansion. Yu Qiaqing received traditional patriotism education since childhood, grew up in the Ten Mile Ocean Park Concession, was subjected to Western democratic thinking, experienced the Hundred Days' Reform ideology, and accepted the baptism of the bourgeois democratic revolution. In the process of long-term interaction with the foreigners, he learned how the foreigner's concession authorities ruled the concession and how to solve problems. So Yu Qiaqing had his own philosophy of life in a semi-colonial and semi-feudal society. 1911 Yu Qiaqing supported the Xinhai Revolution, provided houses for the secret activities of the League, sent people to protect the safety of Chen Qimei, the head of the League in Shanghai, and provided 8,000 silver yuan of funds for the activities of the League, and mobilized the armed participation of the merchant groups in the Shanghai Uprising. After the victory of the Xinhai Revolution and the establishment of the Nanjing Provisional Government, Yu Qiaqing, in the name of the Shanghai Chamber of Commerce, raised more than one million dollars to solve the financial difficulties of the Provisional Government. Dr. Sun Yat-sen was very grateful to the Shanghai Chamber of Commerce for the support of Yu Qiaqing and others.
After the failure of the Xinhai Revolution, Yu Qiaqing became involved in the warlords' struggle and supported the Beiyang government of Duan Qirui, a warlord in the direct line. Duan Qirui Beijing government in 1924, he was hired to serve as president of the Shanghai Chamber of Commerce and vice president of the National Chamber of Commerce. 1925 May, Japan inside and outside the cotton seven capitalists shot dead *** party member Gu Zhenghong, injured more than 10 workers, this atrocity provoked the people of Shanghai's unparalleled anger, the central committee of the Central Committee of the Central *** decided to the workers' movement and the public against the rental authorities of the combination of the struggle to hold a demonstration of anti-imperialist struggles, May 30, 2,000 students from various schools in Shanghai to demonstrate against imperialism. On May 30th, more than 2,000 students from various schools in Shanghai demonstrated in front of the old gatehouse on Nanjing Road, putting forward the slogans of "boycott Japanese goods, love national goods" and "down with Japanese imperialism". British police officers shot at the crowd, killing and injuring dozens of people, resulting in the shocking "May 30th tragedy".
The Central Committee decided to organize an anti-imperialist united front and to launch the "Three Strikes" struggle. In Shanghai, 200,000 workers went on general strike, 50,000 students went on strike, and most merchants went on strike. The Federation of Industry, Commerce and Science, the leading organization of the anti-imperialist movement, was established in Shanghai. Yu Qiaqing, president of the Shanghai Chamber of Commerce, was outraged, especially because he believed that the boycott of Japanese goods and the use of Chinese goods was a patriotic movement "favorable" to the development of national industry, so he led the Chamber of Commerce to participate in the anti-imperialist struggle. 200,000 workers went on strike, and the most important thing was to solve the problem of living for the workers and their families of 1 million people. Li Li-San of the SCCCI negotiated with Yu Qiaqing of the SCCCI to "contribute with our strength, contribute with our money, support each other, and resolutely carry out the anti-imperialist struggle". In the name of the Chamber of Commerce, the newspaper published a call to the chambers of commerce in major cities, patriots, overseas Chinese businessmen and compatriots, appealing for donations to support the anti-imperialist struggle in Shanghai. Yu Qiaqing took the lead in donating huge sums of money, all walks of life in Shanghai made donations, and donations from industrial and commercial circles, overseas Chinese and international workers' organizations came from all over the world. In just over 10 days, donations to the Shanghai Chamber of Commerce amounted to more than 2.37 million yuan, strongly supporting the anti-imperialist movement of May 30th.
The imperialists and the Beiyang warlord government pressured the national bourgeoisie and put pressure on Yu Qiaqing. Yu Qiaqing said, "We will persuade the merchants to open the market as soon as possible" and "try to improve the situation", and the Chamber of Commerce set up the "May 30th Committee", which put forward 13 articles to compete with the 17 articles put forward by the Federation of Industry and Commerce. The 13 articles proposed by the Chamber of Commerce and the 17 articles proposed by the Federation of Business and Academic Societies were in competition. The revised 13 articles deleted four articles, such as the permanent withdrawal of the British and Japanese armies in Shanghai, which were difficult for the imperialists to accept. The Chamber of Commerce made a temporary compromise, but retained the provisions of safeguarding the civil rights of the Chinese people, providing compassionate treatment to the dead and injured workers, punishing the British police officers who were responsible for the accidents, and punishing the Japanese capitalists who killed the Chinese workers, improving the working conditions of the workers, increasing the wages of the workers, and giving the striking workers a subsidy for their living expenses, etc. The articles were sent to the Concessionary Liaison Office. The articles were sent to the Concessionary Negotiation Office and forwarded to the consular corps of various countries in Shanghai. The imperialist countries agreed that in order to secure imperialist privileges in China, they could make major economic concessions on civil rights and agreed to the Shanghai Chamber of Commerce's terms. In order to conserve strength and meet the economic demands put forward by the workers, the Central Committee of the C*** decided to resume work gradually. The May 30th Movement formed a new climax of anti-imperialist struggle.
In 1924, the Chinese Nationalist Party held its first national congress in Guangzhou. Dr. Sun Yat-sen defined the three major policies of "alliance with Russia, alliance with ****, and support for agriculture and labor", and reinterpreted the Three Principles of the People, making them the basis of cooperation between the KMT and the KMT. In March 1925, after the death of Sun Yat-sen, the forerunner of the great Chinese Democratic Revolution, the Guangdong National Government was established. 1926, the National Revolutionary Army launched the Northern Expedition, with Chiang Kai-shek as the Commander-in-Chief of the Northern Expeditionary Army, annihilated the main force of Wu Peifu's army in the two lakes and captured Wuhan in the Jiangxi battlefield, annihilated Sun Chuanfang's army in the Jiangxi battlefield and captured Wuhan. In Jiangxi, Sun Chuanfang's army was annihilated and Nanchang was captured. The eastern route of the Northern Expeditionary Army conquered Fujian, occupied Hangzhou, the front directly to Shanghai. The victorious march of the Northern Expeditionary War prompted a meeting between Yu Qiaqing, a leading figure in Shanghai's business community, and Niu Yongjian, a military commissioner of the Kuomintang, to discuss the overthrow of Sun Chuanfang's rule in Shanghai and the seizure of power. Yu Qiaqing, mainly in retaliation for Sun Chuanfang's abolition of his positions as Shanghai's merchant port assistant and president of the Shanghai General Chamber of Commerce, tried his best to contact the ****anufacturers' party to mobilize the people to riot and seize the power in Shanghai. Luo Yinong, the secretary of the Shanghai District Committee of the C***, and Chen Duxiu, the general secretary of the C*** Central Committee, advocated the establishment of a united front from the bourgeoisie to the workers, and the launching of an armed uprising by the workers. "The proletariat avoids leadership," Chen Duxiu preached. "Even if the uprising succeeds, the workers may not take part in the regime," "We seek only popular freedom." Chen Duxiu advocated, "We can now have two leaders, Niu Yongjian for the military and Yu Qiaqing for the people." Yu Qiaqing and others raised funds for the uprising and supported the three armed uprisings of the workers in Shanghai.On March 22, 1927, the third armed uprising of the workers was victorious after 28 hours of fighting. Chen Duxiu delivered a speech at the activists' conference, "We have seen clearly the power of the proletariat. The big bourgeoisie is non-revolutionary, the petty bourgeoisie is in favor of revolution but will not do it themselves, so the Chinese revolution can only be served by the proletariat coming out." The Congress produced 19 members of the Executive Committee of the Provisional Government of the Special City of Shanghai, and the ****proletarians, nine in number, accounted for the majority, and the proletariat took hold of the power in Shanghai. Niu Yongjian and Yu Qiaqing were executive members. Soon afterward, six representatives of the bourgeoisie declared their resignation as members of the municipal government and separated themselves from the proletariat.
Shortly after the victory of the Shanghai workers' armed uprising, Chiang Kai-shek arrived in Shanghai as the commander-in-chief of the Northern Expeditionary Army. The Shanghai Consortium, Yu Qiaqing and Qian Xinzhi, were so worried about Shanghai being in the hands of the *** proletariat and the workers that they hung their fate on Chiang Kai-shek's chariot. Yu Qiaqing founded the Shanghai Stock Articles Exchange, China's first comprehensive exchange led by stocks, on February 1, 1920, and served as its chairman. General exchange trading was handled by brokers on behalf of the broker. At this time, Chiang Kai-shek, Chen Guofu, Dai Jitao, etc. formed the "Hengtai", which was one of the brokers of the Shanghai Stock Exchange. Chiang Kai-shek and others became brokers of the Shanghai Stock Exchange and conducted speculative trading of various securities and cotton yarn. Chiang Kai-shek made a lot of money, but in the summer and fall of 1921, the exchange suddenly collapsed and stocks plummeted, and in February 1922, Chiang Kai-shek became a pauper and heavily indebted. At that time, Chiang Kai-shek was involved in a plan to make a fuss over the Shanghai Stock Exchange in an attempt to embezzle 1 million yuan of remittances from Japanese merchants. Yu Qiaqing asked Li Zhengwu, a "tycoon", to help him, and finally Ye Zhaotang, a financial tycoon, interceded and Yu Qiaqing gave Chiang 60,000 yuan from the stock exchange to settle the matter. With his share of the money, Chiang Kai-shek ended his economic speculation in Shanghai and went to Guangdong to join Sun Yat-sen.
Chiang Kai-shek returned to Shanghai with his clothes on his back, knowing that the actual controllers in Shanghai were not the government, but big businessmen and the bosses of the Qing and Hong gangs of the underworld. Chiang Kai-shek's power to stand in Shanghai and the whole country, must be supported by the Shanghai big consortium, get huge military and political activities funds. Upon his arrival in Shanghai, Chiang Kai-shek told Europe and the United States, "The National Revolutionary Army is a good friend of the great powers and countries, and will never use force to change the status quo in the Concession." On the evening of March 26, Chiang Kai-shek received Yu Qiaqing, chairman of the Shanghai Federation of Chambers of Commerce, and Chiang said, "The Zhilu Allied Army has completely withdrawn to the north of the Yangtze River, and the Northern Expeditionary Army has captured Nanking." "I will never resort to force on the question of recovering the rented area, so I hope the business community can rest assured." Yu Qiaqing was assured of Chiang's protection of the proletarians, and in the name of the chairman of the Federation of Chambers of Commerce, he amortized 3 million yuan to Chiang from the banks and the money-changing industry, and the Federation of Commerce "automatically donated" 5 million yuan in support of Chiang's "4-12" coup d'état.
Yu Qiaqing "A De brother" as the National Association of Industry and Commerce, Shanghai Chamber of Commerce, Shanghai Chamber of Commerce, the chairman of the Shanghai Chamber of Commerce, the Shanghai Securities and Articles Exchange, the chairman of the Chinese Association of public **** tenancy taxpayers, the Ministry of Public Works Bureau of the Chinese director, the Universal Merchants Association, chairman of the Chinese team guild. "In business", not involved in politics, as a modern national industrialist and businessman, he represents the interests of national capitalists, is bound to have economic conflicts with foreign capital. He was in the old Chinese society, as a buyer for many years, "because of the relationship between the position, and outsiders increasingly close to the foreigners, for the foreigner's temperament and habits, do not know in the chest, so, there is something to deal with, always be able to not be humble and not be overbearing, the hole in the peephole in the essentials, in order to maintain its own great country of the people's temperament." Society is a school for the cultivation of nationalism and patriotism, and can show a person's conscience and temperament in matters of the nation and the state. National capitalists have a weak and compromising side, Yu Qiaqing in the May 30th Movement can participate in the struggle, actively fundraising to support the workers' strike struggle, but at the critical moment to consider the interests of the capitalists, and the imperialist compromise to quell the struggle. Shanghai workers armed uprising, Yu Qiaqing from the position of capitalists, in order to overthrow the Zhilu warlord Sun Chuanfang and the Chinese **** planning for the Shanghai people's insurrection. After the victory of the armed uprising, the establishment of the working class as the leadership of the Shanghai Special City Provisional Government, he resigned as a member of the municipal government, defected to Chiang Kai-shek, seeking to develop enterprises with the help of the Kuomintang regime.
After 1927 Yu retired from buying from ABN AMRO and concentrated on the business of navigation, becoming a big celebrity in Shanghai. 1936 Yu's 70th birthday was initiated by the Citizens' Federation of Shanghai's First Special Zone (Gong*** Concession) on his own initiative. After a meeting of the Board of Directors of the Ministry of Public Works, Yu Qiaqing for "maintaining and promoting Sino-foreign relations" to make contributions, the meeting unanimously adopted the name of Yu Qiaqing to rename the "Tibet Road" resolution to change Tibet Road for Yu Qiaqing Road.
After the outbreak of the Anti-Japanese War, Yu Qiaqing refused to become the mayor of the Shanghai pseudo-government, and stood up to the threats of the Japanese secret service and the Wang pseudo-government. During the war period, the population of the rented area surged, and a panic over food shortage occurred. In order to stabilize food prices and stabilize the society, the Bureau of Public Works decided to ask Yu Qiaqing to raise food. Yu partnered with Italian merchant Taiminazi to organize the Sino-Italian Shipping Company. The ships flew the Italian flag, and Italy was an ally of Japan, so the ships carrying rice to Saigon and Rangoon to Shanghai were not subject to interference by the Japanese navy. This solved the crisis of food shortage in the Concession. In fact, Yu Qiaqing every shipment of grain are privately set aside a certain amount of tonnage to load rice for themselves, after returning to Shanghai, rice high price into the black market, from which he earned 5 million yuan.
In the spring of 1941, when the war situation was urgent, Yu Qiaqing said goodbye to Shanghai and took a ship to Hong Kong, and then moved to Chongqing in 1942. 76-year-old Yu Qiaqing organized the Sanmin Transportation Company with Wang Xiaolai and others in Chongqing, and purchased 300 Dodge trucks to transport hardware parts and machines from Burma and Yangon for the civilian use of the military in the War of Resistance Against Japanese Aggression.
On April 26, 1945, Yu Qiaqing died in Chongqing at the age of 79 due to acute lymphatic glands.