On this day, 58 years ago, on August 16, 1967 (July 11, 1967 in the lunar calendar), Kong Xiangxi, Minister of Finance of the Republic of China, died of illness in New York, the United States. Kong Xiangxi Kong Xiangxi, also known as Yongzhi, was born in Taigu, Shanxi. Born on September 11, 1880 (the sixth year of Guangxu of the Qing Dynasty). His ancestors opened a bank account and made him the richest man in Shanxi. In 1901, he went to Yale University in the United States to study and obtained a master's degree in economics. During the Revolution of 1911, Yan Xishan, then governor of Shanxi Province, was an economic consultant. In 1926, he served as director of the Finance Department of the Guangdong Revolutionary Government in Guangzhou, and later as director of the Industry Department of the Wuhan National Government. He moved to Nanjing to support Chiang Kai-shek and served as a member of the Nanjing National Government, Minister of Industry, Minister of Finance, President of the Central Bank, President of the Executive President, President of the Bank of China, etc. During his tenure, they worked with Chiang Kai-shek, Song Ziwen, Chen Guofu and Chen Lifu to use political privileges to manipulate military spending, increase taxes, arrange bonds, monopolize profits, act as compradors to obtain commissions, establish banks to monopolize finance, occupy the market, and control the lifeline of the country's economy. They are known as the "Four Great Families" and are typical representatives of China's bureaucratic bourgeoisie. In 1947, he lived in San Francisco, USA. He died of illness on August 16, 1967 in New York, USA.