10 Yuan 90th Anniversary of Ningbo Money Industry Assembly Hall

The Ningbo Money Industry Assembly Hall, founded in 1911, was one of the earliest formal financial guild organizations in China, emerging from Ningbo's centuries-old dominance in Chinese private banking. The Qianzhuang bankers of Ningbo — a tight regional network that financed much of the Yangtze Delta trade economy — operated through exactly these kinds of guild structures long before Western-style banking reached the mainland. By 2016, the hall had survived warlord-era instability, Japanese occupation, and nationalization, making it a genuinely unusual institutional survivor.