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Address : Center of the Pingyao Old City, Shanxi Province, China |
Open Hours : Daily ( 9:00am - 4:00pm ) |
Time for Visit: 1 hours |
Ticket Price : RMB 120/p.p (Ticket for all scenic spot in Ancient Pingyao City) |
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Introduction of The Rishengchang Draft Bank: |
Located in the center of the Pingyao Old City in Shanxi Province. the nearly 200 years old Rishengchang Draft Bank is the first 'bank' in Chinese history and is known as the 'Father of the Bank in China'. However, after we have watched its historic site with our own eyes, we can not help admiring its architectural style. |
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Rishengchang Bank has 21 large or small architectural structures, forming an integrated and comprehensive courtyard of commercial shops and stores. and this architectural style not only possesses the common features of all commercial buildings but also has its own distinctive characteristics. As the carrier of the history and culture, the architecture of Rishengchang provides us with precious material information for the deeper and further study and understanding of the historical culture, business culture and commercial traditions, and the art of architecture; it is one of the most important tourist resources which will never be created again. |
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History of Rishengchang
During the Qing Dynasty China's currency was silver coin and there were obvious problems relating to security and convenience if traders had to carry large sums of money in coin form. The exchange shops offered a convenient alternative and thus bills of exchange came into use and an early form of banking created. Cash deposited at one branch could become payable by means of a bill at another as a secure method of transferring funds from one businessman to another regardless of time and distance. The Rishengchang Draft Bank acquired the reputation of Huitong Tianxia, which means the silver coin and the bills of the exchange could reach every part of the country. Before the establishment of the modern banking system the Rishengchang Draft Bank had a great influence on the Chinese economy during the 108 years between its opening and ultimate demise in bankruptcy. Due to its enormous influence upon the development of banking in China, the Rishengchang Draft Bank has become a place of considerable interest to visitors in recent years. |
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