1March, 929, affected by the current situation, the company closed down for rectification, recovered the issued foreign exchange certificates and paid off its debts.

1933 According to the amendment of the Articles of Association approved by the Ministry of Industry and Commerce of the National Government, Wang Tiesheng, Mei Zhezhi, Zhang Muxian and Chen initiated preparations for resuming business, and the paid-in capital increased to 3 million yuan, including 2.2 million yuan for new shares and 800,000 yuan for old shares.

1934 August 15 officially resumed business, and set up a general management office in Shanghai, and the branches in Beiping, Shanghai and Hankou also resumed business at the same time. Chairman Chen Gongbo, General Manager Mei Zhezhi, Deputy Director Zhang Muxian, Chen Gongbo and other 65,438+05 people, and Supervisor Chen Zhuofu and other 5 people. According to the articles of association, the business types include accepting various deposits, industrial loans, discounting, remittance and negotiation of goods, buying and selling gold, silver and securities, keeping securities and valuables, acting as an agent to file subpoenas, concurrently engaging in savings business, acting as an agent to receive and pay money, handling industrial development matters, and issuing exchange vouchers. Business policy is prudent. 1935 the bank stopped issuing paper money and handed it over to the issuance preparation management Committee of China Bank, adding branches in Changsha, Xiamen and Hangzhou, and setting up an office in Changde.

1936 Hangzhou branch and Hengyang office were added. 1937 after the outbreak of War of Resistance against Japanese Aggression, the bank retreated and closed its war zone branches one after another, while other branches were evacuated to Beijing and Shanghai to continue their business. It also issued counterfeit banknotes on behalf of the Japanese puppet government and set up a head office in Changshu Road 158, Shanghai.