Gong Yinbing

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Gong Yinbing (1896–1976) was a Chinese banker and politician. He was born in Changsha County, Hunan, into a landlord family and studied at Hunan University. After the 1911 Revolution, he joined the Kuomintang and helped in the movement against Yuan Shikai. During the May Fourth Movement he was inspired by communism and joined the Chinese Communist Party in 1923. He worked mainly in propaganda, intelligence and finance in cities like Changsha, Wuhan, Shanghai, Jinan, Chongqing, and even British Hong Kong.

After Shanghai fell under the new government’s control in 1949, Gong became a member of the Financial Takeover Committee of the Shanghai Military Control Commission and the general manager of the Bank of China. With the founding of the People’s Republic of China, he served as vice minister of light industry and deputy head of the United Front Work Department.

During the Cultural Revolution, Gong was persecuted. He died on June 26, 1976, in Beijing, at about 80 years old.

His family continued his political and academic legacy: his son Gong Yuzhi was a CCP theorist and politician, and his grandson Gong Ke became a prominent engineer and university administrator, leading Tianjin University (2006–2011) and Nankai University (2011–2018).

Gong Yinbing also held several national positions, including being a delegate to the 6th National Congress of the Chinese Communist Party, a delegate to the 1st National People’s Congress and to the 2nd and 3rd Standing Committees of the NPC, and a member of the 2nd and 3rd Standing Committees of the Chinese People’s Political Consultative Conference.