Rishengchang
Draft Bank, located at No. 105 in Nanda Jie of Pingyao, was established
in 1823 in the reign of the sixth Qing Emperor and was the first draft
bank in China. It was China's forerunner for organizing Chinese finance
system, handling remittance, money exchange, deposit, loan and other financial
business.
Covering
an area of 1,400 square meters, Rishengchang Draft Bank has twenty-one
buildings around three courtyards on a north-south central axis. The counters
are arranged on either side of the front yard. The bank specialized in
payable bills, bills of exchange and money saving in China with a history
of hundreds of years. There were 35 branches in China's big and medium-sized
cities. Its business even extended to North America, Europe and Southeast
Asia. For
almost more than a century, Rishengchang exerted a monopolistic influence
in the country.
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