Today, 122 years ago, on February 4, 1903 (January 7, 1903), the first Chinese counterfeit case of the twentieth century, the main culprits were all Japanese. On February 4, 1903, the Chinese Commercial Bank discovered a batch of counterfeit banknotes. This was the first counterfeit banknotes discovered in China this century. After the news spread throughout Shanghai, the next day the entire city moneyhouse refused to use counterfeit banknotes, and the holders of counterfeit banknotes were more crowded to exchange, forming a wave of exchange. In order to cope with exchange, the Commercial Bank had to mortgage with gold and silver, obtain the cash of the Commercial Bank 700,000, so that the crisis could be temporarily alleviated. In less than a week,