121 years ago today, on March 29th, 1904 (February 13th, 1904 in the lunar calendar), China's first government-run bank was approved to be established. On March 29, 1904, the Qing court approved the establishment of the Ministry of Household Affairs Bank. Hubu Bank was the first government-run bank set up by the Qing court. The prepared capital is 4 million taels of Kupingyin, divided into 40,000 shares, half of which will be subscribed by the Ministry of Household Affairs, and the rest will be purchased by quasi-officials and civilians. In the future, state-owned shares and commercial shares will be fully paid one after another. The head office is located in Beijing, with 9 branches in Tianjin, Shanghai, Hankou, Jinan, Zhangjiakou, Fengtian, Yingkou, Kulun and Chongqing. In addition to operating general banking businesses such as collecting and depositing loans, buying and selling gold and silver, discounting promissory notes, exchanging and transferring public and private funds, and collecting and depositing property on behalf of others, it also has the privileges of accepting copper coins and issuing banknotes as an agent treasury. The issued banknotes are divided into five kinds of silver tickets, including 100 taels, 50 taels, 10 taels and 1 taels, and silver dollar tickets with similar denominations; In addition, it can also issue flat-color silver notes and various bills of more than one hundred and taels in the market.