The first commercial bank run by Chinese people was China Commercial Bank.

The Commercial Bank of China was established on April 26, the 23rd year of Guangxu's reign, that is, May 27, 1897.

China Commercial Bank is not only the first commercial bank run by Chinese people, but also the earliest Chinese-owned bank founded in Shanghai.

China Commercial Bank has experienced the late Qing Dynasty, the Nanjing Provisional Government of the Republic of China, the Beiyang Warlords, and the Nanjing National Government.

The history of China Commercial Bank is the epitome of modern China's response to the invasion of Western financial capital, and also the epitome of modern China's socio-economic and financial changes.

The Commercial Bank of China was established on Huangpu Road in Shanghai. The founders and major shareholders were Ye Chengzhong, Yan Xinhou, Zhu Baosan and others.

Described in modern terms, the registered capital of China Commercial Bank was 5 million taels of silver, and this was the beginning of China's modern credit business.

Although China Commercial Bank was opened, it lacked management talents and could only appoint foreigners as general managers of China Commercial Bank.

The general manager of the head office of China Commercial Bank is A.W. Maitland, who has more than 20 years of working experience in HSBC.

The Commercial Bank of China was originally a government-commercial bank established by decree, with Sheng Xuanhuai, a representative of the Westernization Movement, assuming sole power.

Later, after the success of the Revolution of 1911, China Commercial Bank held a board of directors meeting and changed the nature of the bank to a commercial bank.