The first Chinese capital bank was Commercial Bank of China initiated by Sheng Xuanhuai and jointly owned by the government and merchants, which was opened on the Bund in July, 1897.-->









<--  Russo-Chinese Bank was the first Chinese-foreign jojntly owned bank in China. Its headquarters was situated in St. Petersburg in Russia, and Shanghai Branch started business on the Bund in 1896. 







The first comprehensive exchange in Shanghai--Shanghai Security and Goods Exchange started business on July 1, 1920.
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