After the Revolution of 1911, Sun Yat-sen planned to open an exchange in Shanghai to raise military expenses. Sheng Pihua wrote a letter to Sun Yat-sen, which was received by Sun. 19 14 as supervisor of Ningshao Shipping Company. Yu Qiaqing, the general manager of the company, bought the company's Yongxing ship at a low price and subletted it to foreign investors at a high price. He filed a lawsuit and was forced to return it to the company. Shanghai Stock Exchange was established 1920, and was promoted to executive director and chief accountant. Since then, he has served as director of Shanghai General Chamber of Commerce and manager of Shangyuan Enterprise Company, and has been engaged in securities trading and real estate in Shanghai and Wuhan. At the same time, Sheng also participated in the speculative activities of short selling. 1924 failed in speculation, was heavily in debt, and was forced to avoid Wuhan. After arriving in Han, he was appointed as the secretary of the red scarf of the president of China Bank in Hankou. Later, he was transferred to Hong's company, engaged in gauze, silk, linen and other trade, and made a lot of profits. In addition, Sheng also invested in Wubao Real Estate Company to operate real estate. 1930, sheng returned to Shanghai and became the managing director of the exchange. At this time, he also co-invested with others in the Bank of China and was elected as a director.

1934 organized the patriotic group "China Society" in Shanghai, published the semi-monthly "Xinshe", publicized the anti-Japanese war, and was later sealed up.

1937 When the Anti-Japanese War broke out, the Kuomintang and the Communist Party cooperated again. Sheng actively mobilized his family to donate gold and silver jewelry to the country to support the Anti-Japanese War. During this period, he cooperated with Xie Shengzu to set up Ke Mei Pharmaceutical Factory, which used German Jews to produce pills and injections, and was later involved in real estate management by Japanese businessmen. Shortly after the fall of Shanghai, the staff of the former Xinya Hotel had a hard time, so Zhang Lianru (the younger brother of Zhang Jingjiang) invested and founded the Cotton Tree Hotel. Sheng carefully planned and opened 1939 in June and became the chairman. This restaurant is not only a restaurant, but also a place where the giants of Yong Shang Association gather for dinner every week. Later, some progressive Democrats also participated, and the political atmosphere became stronger. After the victory of the Anti-Japanese War, the Kuomintang launched an all-out attack on the liberated areas, participated in the Democratic National Construction Association, served as executive director, and changed the third floor of the Cotton Tree Hotel into a "red building" for democratic activities, which became an important place for China to unite business people to participate in the democratic movement. 1On June 23rd, 946, more than 65,438,000 people from all walks of life in Shanghai held demonstrations against the civil war. He and Ma Xulun and others 1 1 were elected as representatives to petition in Nanjing. At Nanjing Shimonoseki Station, Ma Xulun and others were beaten by spies. He was authorized to make a statement, which resonated with Chinese and foreign people. After this exercise, Sheng Pihua's political stance was further strengthened. At the same time, Sheng Pihua continued to engage in business activities. In addition to continuing to work in Shangyuan Enterprise and Kemeike Pharmaceutical Factory, he also served as managing director of Dachang Canned Food Factory, director of Southeast Commercial Bank and chairman of China CITIC Bank. 1949 after the liberation of Peiping and Tianjin, he left Shanghai and transferred to Hong Kong for Peiping. On March 25th, he attended the ceremony of the People's Liberation Army entering the city, and on April 25th, he attended a forum for business people convened by Mao Zedong. In June, he returned to Shanghai and established the Shanghai Federation of Industry and Commerce. In September, he went to Beijing to attend the first plenary session of China People's Political Consultative Conference, and was promoted as a member of the presidium of the conference, and then attended founding ceremony. Later, he served as deputy mayor of Shanghai, deputy to the National People's Congress, member of the Standing Committee of the Chinese People's Political Consultative Conference, vice chairman of China Democratic National Construction Association and Shanghai Branch, vice chairman of East China Military and Political Committee, and vice chairman of the National Federation of Industry and Commerce and Shanghai Federation of Industry and Commerce. 1956 took the lead in socialist transformation of private industry and commerce and died in Shanghai at the age of 79.