A Study Of Jinshengrun Exchange Shop

Shanxi Exchange Shops are not only the product of Shanxi Merchants’ business development to the advanced stage,but also the milestone and landmark achievement of China’s feudal economic development.It is not only an active participant in the process of social transformation in China,but also the most extensive and direct witness in the process of social transformation.Jinshengrun Exchange Shop was established in 1903,and closed down in 1917.It had operated for 15 years.Jinshengrun Exchange Shop was born in the peak period of ticket business expansion at the end of the Qing Dynasty,and it is in the peak stage of the development of Shanxi ticket business to decline.Although the operation time is not long,it has made high profits from the beginning,so it is known as the "rising star" of Taigu Exchange Shops.The prosperity of commerce in Qitaiping area,the maturity of the ticket number mechanism,the manned business level,strong capital of Cao family and the improvement of the road and mail system are all important factors for the mature development of Jinshengrun Exchange Shop.The letters of Shanxi Exchange Shops are an important financial tool.Jinshengrun Exchange Shop completed the transaction of business,together with other financial elements by virtue of its specialized financial operation.The letters of Jinshengrun Exchange Shop not only outline its development vein,but also reflect the overall situation of commercial development along the GreatWall and the northeast region during this period.It contains rich commercial information and has unique value for financial history,monetary history and urban history.Jinshengrun Exchange Shop has shown new characteristics in its business,reflecting the financial support of Qitaiping region to various semicolons in the country.In terms of geographical distribution of Jinshengrun Exchange Shop,except for the temporary opening of semi-colons in Hankou,most of the semi-colons of Jinshengrun Exchange Shop are clearly distributed along the Great Wall and in the northeast.In terms of time,Jinshengrun Exchange Shop experienced the late Qing Dynasty and the Republic of China,reached its peak from 1906 to 1910 and began to decline during the 1911 Revolution.The rise and decline of Jinshengrun Exchange Shop has always been closely linked with Cao family’s business.The turbulent environment caused by the 1911 Revolution,the emergence of modern banks,the oppression of imperialism and feudalism are all factors that led to the decline of Jinshengrun Exchange Shop.However,its decline is fundamentally caused by the overall shrinkage of Qitaiping’s financial market and its negative profit growth.Jinshengrun Exchange Shop’s brilliance and decline are the portrayal of the overall decline of Shanxi Exchange Shops.Therefore,Jinshengrun Exchange Shop,as a model of the Shanxi Exchange Shops’ mature development,is an important case forstudying Chinese financial history and other disciplines.