Before the founding of New China, there were many banks in Hengyang, including 5 local banks, 2 commercial banks and 4 farmers' association banks, all of which were closed, cancelled or evacuated before liberation.

After the founding of New China, the People's Bank of China took the lead in setting up the second branch of the People's Bank of China in Hengyang, which opened a new chapter in Hengyang banking.

1949 10 6 19 The second branch of the People's Bank of China was established in Hengyang, with a sales department and two offices in Jiangdong and Jiangxi, which governed eight county branches, including Hengyang, Hengshan, Changning, Leiyang, Anren, Chaling, Lingxian and Youxian, and exercised the functions of the central bank to handle deposits.

1950 In April, Hunan Branch of the People's Bank of China issued a general order to cancel the second branch and transfer it to Zhongnan. On April 6th, the People's Bank of China established Hengyang Regional Office and Hengyang Sub-branch, with the director of the regional office and the president of Hengyang Sub-branch concurrently. 1 1 In June, the SAR office was renamed as "Hengyang Central Branch of China People's Bank".

In June 5438+0952, Hengyang Central Sub-branch of China People's Bank was merged into Hengyang People's Bank, and in June 5438+0 10, Xiangnan Business Management Office of Hunan Branch of China People's Bank was established, which governed 27 county (city) sub-branches such as Hengyang, Chenzhou and Lingling.

1in July, 954, the southern Hunan business management department of China People's Bank was revoked, and the central branch of Hengyang Special Zone and Hengyang People's Bank were restored.

1969, Hengyang Central Sub-branch was changed to "Hengyang Central Sub-branch of China People's Bank".

1In August, 983, Hengyang area and Hengyang People's Bank merged into Hengyang People's Bank.

1 985 65438+1October1,Hengyang People's Bank was renamed as "Hengyang Branch of China People's Bank" and was a secondary branch of the central bank.

From 65438 to 0994, according to the State Council's decision to change its functions, Hengyang Branch of the People's Bank of China turned to macro-control, financial supervision and monitoring.

From 65438 to 0999, Hengyang Branch of China People's Bank was changed to "Hengyang Central Branch of China People's Bank", which is still in use today.