Guizhou Bank was established to meet the needs of Guizhou enterprises. 1938 When Wu Dingchang was the chairman of Guizhou provincial government, he attempted to manipulate the province's industry and commerce with bureaucratic capital, and used the geographical and personnel relations of Guiyang Mayor He (Xingyi, Guizhou, He Zhidi) to win over some businessmen in Guiyang, and organized Guizhou enterprise company in the form of joint venture between government and business, with He as the chairman and Peng Hu as the general manager. However, funds are limited. Therefore, the bureaucratic bourgeois group headed by Wu Dingchang actively plans to organize banks as the working capital of enterprise companies; And this bank must be jointly run by government and businessmen in order to make full use of it. So, He Wuji came forward, and in the summer of 1940, during the temporary meeting, he proposed in writing to establish Guizhou Bank in the form of joint venture between government and business.
After the proposal is passed by the parliament, it will be submitted to the government for implementation and preparation for its establishment. Zhou Yichun (then chief financial officer) was elected as the chairman, and Qian Jingxing (confidant of Wu Dingchang, corporate supervisor and Jiangsu native) was elected as the assistant.
After the establishment of Guizhou Bank, it became the royal tool of Guizhou enterprise companies. In addition to the bank's operating funds and deposits, it also acts as a guarantor for the company and borrows a lot of money from the national bank. At the same time, it also set up a private bank in Guiyang in the name of a bank to borrow cash and expand its business.
1945, Wu Dingchang left office, and Yang Sen succeeded as the chairman of Guizhou provincial government. Zhou Yichun and Qian Jingxing both left, and the chairman of Guizhou Bank took a seat. Later, Liu Hanqing, the new chief financial officer, succeeded, and the post of general manager was given to Liu Xiyi.
Liu Xiyi won the trust of Yang Sen, that is, he unscrupulously took money from Guizhou Bank, operated his privately-run Jukang Bank, Jishi Commercial Bank and Shunmin Salt Company, and controlled the salt in Yong 'an and Ren 'an. Taking advantage of Jansen's power, he engaged in illegal business (Liu and Jansen's nephew, Yang Hanyu, took money and deposits from Guizhou Bank and its branches and trafficked opium). Later, Yang Sen was transferred to the mayor of Chongqing. In order to prevent the storm at the time of delivery, Yang Sen also took Guizhou Bank to the provincial office by administrative order and returned it to the commercial shares (according to the use value of legal tender and ocean when Guizhou Bank was established). 1947 When the commercial shares were returned, each yuan of legal tender was only worth about 10 cents. Businessmen suffered a great loss, but under the pressure of Yang Sen's power, they only recognized bad luck and dared not speak out. Since then, Guizhou Bank has been reorganized into Guizhou Provincial Bank, and the business community has no right to ask.