1. Fudian Bank was formerly the Yunnan Provincial Public Money Bureau founded by Cai E in 19 1 2, and was reorganized into the provincial Fudian Bank in 19 12, which was called Laofudian Bank in history.
2. Fudian Bank is a government-run bank, which forms its superior position. In addition to operating the business of general commercial banks, it also has the special function of issuing paper money (which makes Yunnan have a history of local currency), and implements local financial policies and controls foreign exchange on behalf of the provincial government, which essentially plays the role of local central bank.
3. Due to the war, the provincial government kept borrowing money from Fudian Bank, forcing Fudian Bank to issue more paper money under the condition of insufficient reserves, which led to a sharp decline in its reputation.
4. 1932, after the provincial government raised the reserve fund, it reorganized and established the Trust Yunnan Bank. Xinfudian Bank no longer represents the provincial treasury, and the provincial government does not borrow money from Xinfudian Bank to prevent the tragedy of mutual financial drag from happening again.
5. From its establishment to the eve of liberation, Fudian Bank has been playing a special role as a local central bank in Yunnan, becoming an indispensable financial tool for warlords in Yunnan and occupying an important position in the development history of our province. Today, it still has a far-reaching influence among the vast number of Yunnan elders, overseas, Hong Kong and Taiwan Yunnan nationals.