On this day, 107 years ago, June 7, 1918 (April 29, 1918, the first exchange founded by Chinese people opened. In June 1918, the first exchange founded by China, the Beijing Stock Exchange, was established and opened. At the beginning of the year, the banks of China and Communications stopped cashing for the first time, and some silver banks and banks began to buy and sell banknotes paid in two rows. Zhou Zuomin, general manager of Jincheng Bank, and Yue Qianzhai, manager of Salt Industry Bank, initiated the establishment of the Beijing Stock Exchange with Liang Shiyi, leader of the transportation bureaucracy group, as the backer. The exchange was determined to be a joint-stock limited company with a registered capital of 500,000 yuan. Liang Shiyi and Yue Qianzhai are major shareholders. It mainly deals in stocks and bonds, and also deals in foreign currencies. The news spread, and Shanghai's powerful industrial and commercial community was greatly shaken. Yu Qiaqing, a member of the Shanghai industrial and commercial circles, and others telegraphed to ask the Ministry of Agriculture and Commerce to quickly approve the Shanghai Stock Exchange case. On the same time, they mobilized all sectors of society to appeal urgently to Beijing through various channels and start trading in the Shanghai Concession.