This article proceeds from the perspecticve of Vijnapti-vadin in discussing the scholarly disposition of Liang Shu-ming. It bases its judgment of Mr. Liang's scholarly disposition and ultimate concerns on various explanations in works from his early, middle and late periods. The article aims to show how Liang embraced the world and expand on Confucianism as a thinker committed to bringing a synthesis of Confucianism and Buddhism and that he was not purely a modern Neo-Confucian. This, however, is not the main crux of this article; it is more concerned with returning the original face of Mr. Liang's scholarly life. Only when we analyze Mr. Liang's writings clearly and glean the proof on what he was truly concerned with bringing about a revelation for studying philosophy and leading a philosophical life. It is only when we cast an impartical eye to the essence of Chinese, Western and Indian philosophies, that we can come to lay proper emphasis on the ultimate concern of the life of this scholar, and see he held to a philosophy that preserved a Buddhist and Confucian spirit during a time when Occidental Philosophy was all the rage, thus maintaining his status as an independent thinker. This article proceeds from the structural and developmental influence of Vijnapti-vadin thought on the cultural philosophy of Linag Shu-ming. It shows the Buddhist nature inherent in Liang's thinking as well as showing the absorption and amalgamation of Buddhist and Confucian thought in this modern Chinese thinker. In turn, this will hopefully help provide a basis for reevaluation of ancient Buddhist and Confucian values within the pluralistic culture we live in today.