Bank of Communications
In the earlier 1910, 30 Chinese native banks closed. On March 21, Yishanyuan announced its bankrupt. Li Jingchu (李经楚), the major shareholder of Yishanyuan, also the nephew of Li Hongzhang, is the Vice Minister of Transportation and Manager of the Bank of Communications (BOC, in which Liang Shiyi is also a manager). He used the assets as collateral, loaning 2.87 million from the Bank of Communications to save Yishanyuan. In 1911, Sheng Xuanhuai was appointed as the Minister of Transportation. He began to check the accounts of the Bank of Communications for battling the influence of Liang Shiyi (梁士诒). Li had to return the loans from Yishanyuan, which led to a fact that Yishanyuan only had 7 thousands Tael on its total account in Shanghai. After the failed attempt of Yishanyuan's manager Ding Weifan (丁维藩), in which he asked loans from Shanghai Government but got refusal; on March 21, Yishanyuan bankrupted and left the debt of 14 million Tael.