Yu Hung-chun

Yu Hung-chun, also known as O. K. Yui, was a Chinese political figure who served as mayor of Shanghai, chairman of the Taiwan Provincial Government and Premier of the Republic of China. He graduated from Saint Johns University in Shanghai, having majored in English Literature. He was later appointed Mayor of Shanghai. During World War II he negotiated unsuccessfully with the Japanese not to expand military conflict. When the ROC government moved to Chungking, he was appointed Director of Central Trust, Deputy minister of Foreign Affairs, and later became Minister of Department of Treasury. Yu replaced H.H. Kung as minister of finance in November 1944, following H.H. Kung's removal for corruption. Immediately before he replaced Kung, Yu served as vice minister of finance. Later he was appointed Central Bank and started moving the gold reserve to Taiwan from China to keep it away from the advancing communists. He was COO of Central, Farmer and Communication Banks, In 1954 he was appointed Governor of Taiwan Province. Then he was in charge of Executive Yuan from 1954 to 1958. Yu offered to resign when an Anti-American demonstration at US Embassy went out of control. Later he refused to appeal at court resigned and went back to Central Bank as an executive. In 1960 he died of an asthma attack at age 62.