The China Red Finance Exhibition opens at the Jinhua Museum in Jinhua, Zhejiang province, on Sept 2. [Photo/Tide News]
The China Red Finance Exhibition opened at the Jinhua Museum in Jinhua, Zhejiang province, on Sept 2, commemorating the 80th anniversary of the victory in the Chinese People's War of Resistance against Japanese Aggression and the World Anti-Fascist War.
"Red finance" refers to the unique financial system developed by the Communist Party of China during the New Democratic Revolution period (1921-1949).
Experiencing arduous exploration and survival amid adversity before finally achieving unification, this revolutionary finance framework saw over 400 CPC-led institutions issue more than 2,000 editions of currencies using materials ranging from paper, cloth, gold, silver, copper, to tin. These historical currencies are collectively termed "red currency".
From the background and development to specific policies and various physical currencies, the exhibition comprehensively and vividly shows the revolutionary financial history to visitors.
There are 100 panels, featuring Soviet securities bearing portraits of Marx and Lenin, coarse-cloth banknotes from wartime bases, and the first RMB series issued by the People's Bank of China.
A notable exhibit is a 1922 stock certificate from Anyuan Railway and Mine Workers' Consumer Cooperative — the earliest stock under CPC leadership. Organizers highlighted its role in pooling workers' investments for the procurement of affordable daily necessities, bringing the benefits of financial services to everyone.
As the 7th stop on its tour, the China Red Finance Exhibition will be in Jinhua until Sept 10.
