The originator of China s banking industry, China s first ticket number Rishengchang

Mondo Finance Updated on 2024-02-25

Pingyao, Shanxi Province, known as the "Wall Street of China", controlled almost half of China's currency in circulation at that time. Located in the West Street of Pingyao Ancient City, the "First Financial Street of the Qing Dynasty", Rishengchang Ticket No. is the first private financial institution in China specializing in deposits, loans and foreign exchange services, and is the founder of China's modern bank.

Today's Rishengchang site has been opened up as the "China Ticket Number Museum". China Ticket Number Museum, covering an area of 1,386 square meters, with a construction area of about 1,200 square meters, has a total of 21 buildings. The first entrance of the courtyard is the counter and the account room, the second is the staff accommodation and guest room, the third is the two-story building, the downstairs is the flower hall, the upper floor is the warehouse and the men's residence, and the last is the VIP and senior staff residence. It not only reflects the traditional characteristics of Jinzhong dwellings, but also absorbs the style of Jinzhong shops, and achieves the harmony and unity of architectural art and use functions.

The cultural relics and materials displayed in the museum vividly show the business process and business model of ticket numbers, witnessing the glorious history of the banking industry in ancient China.

Rishengchang ticket number, co-founded by Li Dajin, a wealthy businessman in Pingyao County, Shanxi Province, and Lei Lutai, the general manager, originated in Xiyucheng Pigment Village.

In order to facilitate the settlement, Xiyucheng Pigment Zhuang first tried the exchange method in Beijing and Jin, and began to concurrently operate the exchange industry after it was effective. In the early years of Daoguang, Xiyucheng Pigment Village officially changed its name to Rishengchang Ticket Number, specializing in foreign exchange, and rose rapidly and became the leader of China's financial industry at that time. Its semicolon covers 35 large and medium-sized cities across the country, and its business is as far as Europe, America, Southeast Asia and other countries. Its establishment plays a pivotal role in China's financial history and has made important contributions to China's economic prosperity.

However, like many great things in history, the Rishengchang ticket number could not escape the fate of decay. The intensification of competition and the mistakes of business strategies, coupled with the outbreak of the Xinhai Revolution, overthrew their interdependent Qing Dynasty, and the modern large banks backed by foreign capital have a more advanced business model and stronger financial strength. The Rishengchang ticket number, which has been prosperous for nearly a hundred years, has gradually declined and has been eliminated by the times.

Financial workers and friends who are interested in the history of the development of the financial industry must go to Pingyao, Shanxi, China Ticket Museum Rishengchang Ticket Number to have a look. Feel the charm of history and appreciate the glorious past of China's financial industry. Record the scenery of your travels

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