Home: City Guide: Pingyao: Attractions
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Rishengchang Exchange Shop

Rishengchang Exchange Shop, located in the West Avenue of Pingyao County, was the first bank of China and used to be the financial center of the whole country.

The predecessor of the exchange shop was the Xiyucheng Pigment Shop run by Lei Lvcheng and directed by Li Daquan. With the booming of business in Pinyao, the traditional way of mailing silver money under a professional firm furnishing armed escort, became quite inconvenient and unsafe. Circa 1824 during Qing Dynasty, the shopkeeper Lei suggested Li changed the shop into an exchange shop, dealing with the agiotage speciality. Through the honest and professional management, the shop had control of national finance, and extended their businesses abroad for over 100 hundred years. Once a popular saying about the shop went that 'A draft can be circulated all over the world'. After the creation of the Republic of China, the shop gradually declined and was replaced by the more advanced banks.

Rishengchang Exchange Shop has now been rebuilt as the Chinese Exchange Shop Museum. From over 20 exhibit halls that are opened there, one can find the developing process of Chinese national banks and benefit from their successful experience.

 Travel Tips: An all-inclusive ticket to the scenic spots of Pingyao costs CNY 120, which includes Rishengchang Exchange Shop, City Wall of Pingyao, Ancient Ming and Qing Street, Temple of the City God and almost 20 other famous ancient cultural relics in the county. The county is not very big, so you can travel on foot to see all these attractions.

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