Pingyao is one of the birth places of Shanxi`s banking and commercial businesses. As early as in 1824, Bank of Ri Sheng Chang (Sunrise Prosperity) initiated by Mr. Lei Lutai had begun its banking business. Probable it was the earliest bank in China and beginning of Chinese finance business in the modern era. Within a few years of its founding, its branch banks were rapidly distributed to Jiangsu, Shandong, Henan and Liaoning Provinces. Branch banks were also set up in such big cities as Beijing, Chongqing, Tianjin, Guangzhou, Hankou, Xi`an, Nanchang, Changsha, Sanyuan and so on.
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