Recently, it was confirmed by the joint party history expert study of Shaanxi branch of People's Bank of China and Yulin City branch: "People's Bank of China" name was born in Shenquan Fort, Jiaxian.

Shenquan Fort reporter Jingren Chen

On September 23, 1947, Mao Zedong and other central leaders came to Shenquan Fort, leaving on November 18th. During this period, Comrade Dong Biwu asked the Central Bank for the establishment of a national bank name; on October 8th, Comrade Mao Zedong re-examined it by candlelight at Shenquan Fort: “As for the bank name, it can be designated as ‘People’s Bank of China’.”

Shenquan Fort Revolution Memorial Journalist Chang Xufeng Photo

"This detail opens a crucial chapter in the history of red finance," said Li Qian, an expert on party history who participated in the study. The research deeply dug into Yulin's red financial cultural resources, provided authoritative academic support for the preservation and revitalization of local red financial heritage.

“The candlelight of Shenquan Fort 77 years ago always illuminates the path of a new era financial powerhouse.” The head of Yulin City branch of People’s Bank of China said that with this confirmation, three major actions will be launched:

It is reported that the Yulin Cultural Tourism Department has launched the Shenquan Fort Revolution Site Protection Promotion Project.