Daqing Bank is a joint-stock bank jointly run by government and business, with a total share capital of100000 silver, with government and business accounting for half. After the outbreak of the Revolution of 1911, Daqing Bank, as the central bank of the Qing government, except Shanghai Branch, most of its branches have closed down. In order to preserve the operating funds, the shareholders of Daqing Bank, mainly Xiang Zaoxin, the Secretary General of Daqing Bank, set up a shareholders' federation on June 5th19165438, and issued an announcement on June 5th 1 14, with the main contents as follows: shareholders are invited to/kloc-0 in June. On February 4th, 19 1 165438, the shareholders' federation was renamed as "Commercial Stock Federation". 1 91265438+1October1Dr. Sun Yat-sen was sworn in in Nanjing, and the provisional government of the Republic of China was proclaimed. Chen Jintao, deputy supervisor of Daqing Bank, was nominated by Wu, then the chief justice of the government, as the chief financial officer of the interim government. At this time, it is very urgent to establish a new central bank quickly. The Bank of anniversary was the national bank of the Qing government, with strong strength. It is more appropriate to change Daqing Bank into a central bank. As Chen Jintao said in his speech to the Provisional Senate, "Using the existing foundation can not only increase the strength of the Republic of China, but also be flexible because of its funds. It is really a way for the Republic of China and bank shareholders to benefit. " So Chen Jintao, based in Shanghai, specially planned this event upstairs in Daqing Bank, Hankou Road. Chen Jintao began to use the power of Daqing Bank "Commercial Stock Federation" to change Daqing Bank into China Bank and establish the central bank of the government.