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Organizational setup of Huazhong Bank

On the eve of War of Resistance against Japanese Aggression's victory, the base areas of Jiangsu and Anhui provinces have been linked together. The Central China Bureau of the Central Committee and the Political Department of the New Fourth Army decided to set up the Central China Bank and issue the unified currency in Central China. The Political Department of the New Fourth Army issued an order saying: "When entered the final stage of the Anti-Japanese War, the economic struggle against the enemy became increasingly fierce, and various production and construction undertakings also needed to be promoted hard. Therefore, it is necessary to establish a consolidated financial fortress in Central China, and to undertake this task, the Bank of Central China should be established and authorized to issue Huazhong bonds to meet the needs of financial struggle and economic construction in various places. This currency, based on the material object, is prepared to be enriched, and it passes through the liberated areas in Central China, and is equivalent to the local vouchers in Yanbu, Jianghuai, Huainan, Huaibei and Sunan. All business transactions, payment of public and private funds and payment of taxes on finished grain are universal. " The head office of Huazhong Bank was established in Zhanggongpu, Xuyi County on August 1, 1934. President Chen Mu and Vice President Xu Xuehan moved to Huaiyin in in September and October, and began to issue Huazhong coins. On December 9 of the same year, the Jiangsu-Anhui Border Region Government was established, and Huazhong Bank became an integral part of the Jiangsu-Anhui Border Region Government. The original anti-Japanese democratic base banks in Central China were changed to the subordinate institutions of Central China Bank. After reorganization and new establishment, * * * governs 6 branches, 13 sub-branches and 38 offices. Huainan Bank in Anhui was changed to the third branch of Huazhong Bank, and Huaibei local bank was changed to the seventh branch of Huazhong Bank. The original Dajiang Bank was no longer established because the party and government organs in Wanjiang area withdrew northward. The third branch of Huazhong Bank, President Zhou Jizhi and Vice President Dong Xiaochuan, is located in Tianchang County. It has jurisdiction over Liuhe and Dayi sub-branches and six offices in Tongcheng, Chajian, Lai 'an, Jiashan, Xuyi and Tianchang. In June 35 of the Republic of China, the Kuomintang tore up the "armistice agreement" and launched a full-scale civil war. The Huainan District Party Committee instructed that all the staff, women and the infirm, and all the money in the treasury should be removed from northern Jiangsu, while the young and capable people stayed behind to fight behind the enemy lines. 3. Branches and their subordinate institutions at all levels shall stop their business activities accordingly. The seventh branch of Huazhong Bank, President Chen Xing and Vice President Zhao Zhengcan, is located in Sixian County. There are four departments of accounting, business, cashier and general affairs and a secretarial office. It has six sub-branches in Siyang, Sisu, Sinan, Wuhe, Suining and Huaibao, and 1 offices in Sixian, Xufengjia, Lingbi, Suxian, Tongsui, Pisui, Xiaotong, Hongze, Huai 'an and Huaiyin (in the city). In June 35, all branches and their affiliated institutions closed down. At the end of November, the army withdrew northward and the personnel returned to the head office of Huazhong Bank.

after the establishment of Huazhong bank, the currency issued by the original financial institutions in each base area is allowed to circulate in parallel with Huazhong currency without regional restrictions, and gradually recovered in Huazhong currency, establishing a unified currency based on Huazhong currency. According to the statistics of Huazhong Bank in the second half of the 35th year of the Republic of China, * * * recovered 132,576,61.28 yuan of various kinds of anti-coins. Among them, Huaibei currency is 27,65,128.35 yuan, Huainan currency is 26,985,893.2 yuan, and Dajiang currency is 5,47,778.25 yuan. In October, 36, the Liberation War turned to the counter-offensive stage. On November 22nd of the same year, the Jiangsu-Anhui Border Region, which insisted on the struggle behind enemy lines, announced the establishment of the Central China Administrative Office, with Cao Diqiu as the director and He Ximing and Chen Guodong as the deputy directors. At the same time, Fu Jianhua Bank of China, Gong Yinong, deputy director of the Finance and Economics Department, is also the president, Deng Kesheng and Sun Gengduo are the vice presidents, and the head office is located in Sheyang County, Jiangsu Province, and continues to issue Central China coins. Other branches resumed with the victory of the liberation war. In Anhui, Jianghuai Branch was first established. In July, 37, a branch of Jianghuai in Central China was established on the basis of the general treasury, and its address was located in Tugou Town, Baoying County, Jiangsu Province. In December of the same year, Binghui (today's county) and Yiyang were added (Yiyang was transferred to Jiangsu soon). In March of 38, the branch moved to Chuxian County and added Liuhe Office. On January 21st, 38, Jianghuai Branch entered Bengbu. On February 1th of the same year, Hefei Branch of Huazhong Bank was established.