130 years ago today, on July 6, 1895 (leap May 14, 1895 in the lunar calendar), China and Russia concluded the "Four Percent Loan Contract". On July 6, 1895, China and Russia concluded the "Four Percent Loan Contract". After the Sino-Japanese War of 1894-1895, the Qing government borrowed foreign debts to pay the indemnity to Japan, and Russia took the opportunity to interfere in returning Liao to take credit in order to seize the rights and interests of aggression. However, due to the lack of financial resources, it borrowed money with France, so it was also called "Russian-French foreign money". There are 19 contracts in total and 1 attachment. Main contents: Borrowing 400 million francs, equivalent to 100 million gold rubles (about 100 million silver taels; Delivered at a discount of 94.125%, with an annual interest rate of 4%; The repayment period is 36 years, guaranteed by customs revenue. This is the first time that the Qing government has borrowed money from a foreign power after the Sino-Japanese War of 1894-1895.