In the 29th year of Guangxu (193), the Qing court sent a delegation to Japan to make an inspection tour to prepare for the central bank to issue paper money. On March 14, 194, on the 28th day of the first month of the 3th year of Guangxu reign, the Ministry of Finance reported to the Emperor the plan to set up a bank, saying, "It is urgent to set up a central bank as the implementation hub when the monetary system is in order. I have repeatedly raised business, and it is planned to be set up by the household department to raise equity. I will refer to the articles of association of banks in various countries, consider the profits and losses, and set up a bank immediately, thinking that the money and money will flow together. " Soon, the Ministry of Housing drew up the articles of association of the bank, which was presented to you. The Qing court immediately approved the bank's articles of association.
on September 27th, 195 (August 29th, 31st year of Guangxu reign), with the approval of the Finance Department, the Qing government set up a "Household Bank" in Beijing, with one head office and one deputy head office in charge. This is the earliest official national bank in China. There are nine branches in Tianjin, Shanghai, Hankou, Jinan, Zhangjiakou, Fengtian, Yingkou, Cullen and Chongqing. In addition to general banking business such as deposit and loan, buying and selling gold and silver, collecting promissory notes, transferring public and private funds by exchange, and storing property on behalf of others, it also has privileges such as accepting silver and copper coins, issuing paper money, and acting as a treasury agent. The paper money issued is divided into five kinds of bank notes, namely, one hundred and twenty, fifty-two, twelve, five-two and one-two, and silver dollar notes with similar denominations. In addition, it also issues silver tickets and various bills with flat colors and more than 1 taels that are popular in the market. In fact, it has the dual nature of central bank and commercial bank.
in February, 198, the longitude branch (that is, the household department before the official system reform) approved that from July 1 of the same year, the head office and branches of the household department bank of Daqing were all renamed as Daqing Bank, and Article 24 of the Rules of Daqing Bank was formulated to further define the nature of the bank as a national bank. The general office was renamed as supervision, and the branch (the original household department) sent two supervisors to supervise all affairs. Give the bank the power and responsibility to issue paper money on behalf of the state, manage treasury affairs and all public payments, and manage government bonds and various securities on behalf of the public. Later, the banknotes issued were all named after Daqing Bank, and the original bank banknotes of Daqing Household Department were gradually redeemed. Daqing Bank has successively established 2 branches in Nanchang, Hangzhou, Kaifeng, Taiyuan, Changchun, Fuzhou, Guangzhou, Wuhu, Changsha, Xi 'an, Yunnan (Kunming) and Jiangning.
apart from exercising the functions and powers of the national bank, Daqing Bank issued paper money, and the provincial branch also stipulated that all provinces should release the funds from the treasury. Except for the monthly salary loan, the rest will be handed over to Daqing Bank for storage, and Daqing Bank will act as the agent of the state treasury.
Daqing Bank is a company limited by shares. In the 3th year of Guangxu (194), when the Hubu Bank was preparing, it was planned to prepare a capital of four million and two thousand shares, which were divided into 4, shares. Each share was equal to 12 silver, and the Hubu Bank subscribed for 2, shares, and the remaining 2, shares were allowed to be purchased regardless of the government and the people. In the autumn of the 31st year of Guangxu (195), the Ministry of Finance issued 5, yuan as the capital for the establishment of the bank, which was opened first and then paid in succession. The 2, shares subscribed by the merchants were collected in the winter of Guangxu thirty-two years (196) and all the shares were paid in the spring of Guangxu thirty-four years (198). In the thirty-fourth year of Guangxu, the Rules of Daqing Bank was published, and in addition to the share capital of 4 million and 2 million, it was divided into 6 thousand shares, which were called new shares. The original 4 thousand shares were called "old shares", and the share capital of * * * was 1 million and 2 million. The new shares were still divided equally between the public and the private.
The management officials of the head office of Daqing Bank are: one deputy supervisor, four directors and three supervisors; Each branch has officials such as general manager, manager, assistant manager and treasurer.
In view of the historical lessons of the flood of paper money in Song, Yuan and Ming Dynasties, Daqing Bank attached great importance to enriching the basic work of issuing preparation, and in the first year of Xuantong (199), it was stipulated that 9% cash should be used as the paper money issuing preparation. In May of the second year of Xuantong (191), the Department Branch also stipulated that "Daqing Bank should always store 5% of the cash for exchange according to the number of banknotes issued, and the rest must be prepared with reliable securities".
after the founding of the Republic of China in p>1912, Daqing banks in various places closed down one after another, and organized the general liquidation office of Daqing Bank in Shanghai to handle the liquidation. Announced by the resolution of the Senate, Daqing Bank was renamed "Bank of China".