The reason why it is called a bank is because some people in ancient times liked to keep their money in some manors. Therefore, this place where money is stored is called a bank, and the origin of the bank is also very special. is meaningful, because during the Qing Dynasty of our country or the previous dynasties, the currency circulating on the market was mainly silver. Therefore, in the late Qing Dynasty, the word "Yin" represented silver, while "行" represented In ancient times, these commercial houses or banks were called banks, so the combination of these two words means a bank. Banks have also become financial organizations similar to banks, which can provide people with the basic business of deposits and loans. Until contemporary society, we all call financial institutions on the market or around the world banks, while ancient financial organizations like banks have disappeared.
The origin of ancient Chinese banks is very representative, because due to the development of the ancient economy at that time, many people had a large amount of loose money at home, but they did not want to The money was kept in their own homes and they wanted to take it out to earn some interest, so they concentrated the money and handed it over to a place that has the function of keeping money. This place is called a bank, which can also be called a bank. Call it a money store.
By putting money in a bank, people can earn a certain amount of interest, which is a good way to manage money. Over time, these banks have become more and more powerful, absorbing a large amount of idle private funds, and they have also used these funds to invest and make a fortune.
In the late Qing Dynasty, the business of these banks was impacted by foreign banks. Under the impact of these foreign banks, many banks went bankrupt because foreign capital was too strong. Under the impact of these banks, these banks gradually disappeared, and instead, many banks founded by the Chinese themselves appeared on the land of the Qing Dynasty, such as the Qing Bank, the first bank in China.