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Site-Memorial of People's Bank of China Foundation
Shijiazhuang, Hebei, China
Within the unassuming gray cement walls of a building known as "Little Gray," a nation’s financial heartbeat began. This is the Site-Memorial of the People's Bank of China Foundation in Shijiazhuang, the hallowed ground where a unified Chinese currency was born.
On December 1, 1948, as a new China was taking shape, the People’s Bank of China opened its doors here, forged from the merger of three regional banks. On that same, momentous day, the first series of Renminbi (RMB) notes were issued from this very site, their fresh ink symbolizing a fractured economy knitting itself whole. The building itself, a pre-war structure with a layered past, became the nerve center for this financial revolution.
Step inside and time collapses. The restored office of the first governor, Nan Hanchen, feels immediate, preserved through the memories of its original occupants. His family-donated artifacts—clothing, letters, books—are not mere displays but intimate testaments to the human endeavor behind the institution. In the front courtyard, bronze statues of Nan Hanchen and Dong Biwu, who named the bank, stand as silent sentinels to this legacy.
The memorial also houses the Hebei Coin Museum, tracing money’s epic journey. One hall showcases the "Red Regime Currency," the myriad notes from revolutionary bases that preceded the RMB. Another chronicles the RMB's own evolution. The true treasures, however, are ancient: exquisite gold and silver shell-shaped coins from the Warring States period, unearthed in Hebei, connecting this site to a millennia-long history of value and exchange.
This "Little Gray Building" is more than a museum; it is the physical birthplace of the money in your pocket and a monument to the monumental effort to build a modern financial system from the ground up.