Yan Xinhou early years of private school, after dropping out of school in Ningbo Drum Tower in front of the Hengxing money store as an apprentice, the Qing Xianfeng five years (1855) to Hangzhou, in the opening of the letter of the source of the silver building opened by the Hu Guanglong as a "letter to the room", y respected by the Hu Guanglong, Tongzhi eleven years (1872), the Hu Guanglong letter recommended Yan Xinhou Li Hongzhang, Li Hongzhang was pro-bonding as a Alternate Road, plus the title of governor. Later, he became the governor of salt affairs in Henan Province. In the eleventh year of Guangxu (1885) by Li Hongzhang appointed as Changlu Salt Supervisor, acting as Tianjin Salt Office and other positions. In the twelfth year of Guangxu, he set up his own Tongde Salt Company in Tianjin to run the salt industry, and accumulated a lot of wealth in 10 years. Later, he founded the "Yuan Fengrun Ticket Company" in Shanghai, with branches in Tianjin, Beijing and more than 10 important cities in Jiangnan provinces***, forming a relatively new type of money changer network. Yuan Fengrun ticket business continues to develop, Yan Xinhou to focus on the financial business, the center of activity from Tianjin to Shanghai. During the period was sent for the Shanghai Road Road Treasury, Huitong official silver manager, in charge of the Shanghai Road, the public funds income and expenditure matters. At the same time, he was employed as the assistant manager of Huaxin Textile Bureau. Afterwards, he was appointed by Sheng Xuanhuai to prepare for the first new bank in China, the China Merchant Bank, and was the first general manager of the bank when it was established in the 23rd year of Guangxu Emperor's reign.
Yan Xinhou also opened in tianjin, tianjin, the gold store, business gold and silver jewelry, in Shanghai, nanking road, opened the old nine chapter silk shop, and in tianjin, tianjin, set up the old nine chapter of the building, the old nine chapter branch, the business is very well developed, renowned for a long time. Guangxu twelve years invested 50,000 taels of silver in Ningbo, Ningbo elbow place founded Tongjiuyuan machine rolling plant. In the twentieth year of Guangxu, Ningbo Tongjiuyuan Yarn Factory was set up, and the factory was officially opened in the twenty-second year of Guangxu. In the thirty-first year of Guangxu, he founded Tongli Sacks Factory in Shanghai, and invested in industrial transportation such as flour mill, oil mill and river steamer. In the 28th year of Guangxu, he was supported by Sheng Xuanhuai as the first Premier of Shanghai Commercial Conference Office. In the 30th year of Guangxu, he was reorganized into the Shanghai General Chamber of Commerce and succeeded as the Premier. Guangxu thirty-one to old age resignation.
Traditional Confucianism under the teaching of the Ningbo merchant gang, blood relatives and geographical ties as a bond, adhering to professional ethics, adapt to the times, grasp the business opportunities, to complete the transformation of modern times, and ultimately become China's most important modern, the largest merchant gang, the founding father of the Yim Hsin-hou. He not only founded the first factories in modern China, but also participated in the founding of modern China's first bank and the first Chamber of Commerce, can be called "Ningbo merchants" first.
Yan Hsin-hou, with the name of Shiao-Fang, was born in Cixi, Zhejiang Province in 1838, and his father, Yan Heng, was a poet and good at paintings of geese and geese. His father, Yan Heng, was good at poetry and geese painting. Under his influence, Yan Xinhou was also good at poetry, calligraphy and painting, especially good at geese painting, which was quite famous. After a few years of private school, Yan went to Ningbo Hengye Money Bank as an apprentice. After the son of the owner took over, he squandered all his money and owed countless debts. One day, Hangzhou Xinyuan Silver House came to collect the money owed, the Wu boss, when he was angry, see Yan in the money shop signboard wipe, then loudly reprimanded: "Who told you to wipe?" Yan blandly replied: "I want to wipe myself. Old boss, if you want to keep the bank open, how can you do it without wiping the signboard clean? Only when the signboard is bright will business grow." Boss Wu saw him talking back and wanted to pull his ears. The manager of Xin Yuan Silver House, who had seen all this in his eyes, said, "Wait a minute! I'll take this apprentice of yours, he can offset the amount of silver owed by your bank." Said this is the red-top businessman Hu Xueyan at that time, it is he, hit Yan Xinhou. Soon after, Yan went to Hu Xueyan's Hangzhou Xinyuan Silver House as a clerk.
To thank Hu Xueyan for his kindness, Yan Xinhou made a reed-geese fan painting and poem presented to Hu, on the title: "Temporarily rely on the autumn water in Tingzhou, the end of the **** kunpeng change tour. He was able to get a branch to be used as a tax, so that he would not teach the customs officials to stay in the country." Hu Daxi, praised its "character elegant, non-city than also", then recommended to Li Hongzhang, according to the "Shanghai County Records": "Yan Xinhou ...... by the tributary into Li Hongzhang curtains, with the Soviet army recaptured Huzhou, Hongzhang division 'Suppression of the twist' commissioned in Shanghai Xiangban, transit rates and equipment. Jin Yu recommended famine, and diabolic order to travel to Tianjin and Shanghai to organize relief." In 1885, Yan Xinhou was appointed as the Tianjin Salt Office. In the following year, Yan set up his own Tongde Salt Company in Dongmenli, Tianjin, to run his own salt business. Later, he set up the largest gold store in Tianjin, the Wuhua Lou Gold Shop, which was very prosperous and famous, thus accumulating a large amount of money.
With the opening of Ningbo port, the handmade cotton textile industry in east Zhejiang was seriously affected by the impact of foreign goods, and Yan Xinhou realized that the business opportunities were unlimited. 1887 March, he contacted Tang Yanggao, the owner of Xinxintai foreign cloth store, and collected 50,000 taels of silver to establish Tongjiuyuan ginning factory in the northern suburb of Ningbo, which was the first modern factory in Ningbo and the first machine ginning factory in modern China. 1894, Yan Xinhou united with Shanghai and Ningbo to collect 450,000 taels of silver to build a new factory, and then established a factory in Ningbo. In 1894, Yan Xinhou, together with Shanghai and Ningbo merchants and tycoons, raised a capital of 450,000 taels of silver to establish the earliest yarn factory in Zhejiang Province--Tongjiuyuan Spinning and Weaving Layout, which connected ginning, spinning and weaving into one and greatly improved the competitiveness of the foreign goods and made great profits. 1897, Hangzhou Tongyi Yarn Factory and Xiaoshan Tonghui Yarn Factory were put into operation, which was called "Three Tongs" together with Ningbo Tongjiuyuan Yarn Factory. "In 1889, Yan Xinhou founded Cixi Match Factory, the first match factory in Zhejiang, in Cicheng. Then he also founded or participated in the investment of a large number of industries, such as Shanghai Huaxin Textile Bureau, Huaxing Water and Fire Insurance Company, Longzhang Paper Factory, Inland Water Company, Tongli Machine Sack Company, Ningbo Tongjiuyuanquan Flour Factory, Tongliyuan Oil Pressing Factory, Xiangyuan Hardware No., Chinese and British Pharmacy, Jinzhou Tianyi Reclamation Company, Jiangxi Porcelain Company of Jingdezhen, and a large number of other private enterprises, through a series of industries organized by the Yim Hsinhou as the representative of the Through a series of industrial organization, represented by Yan Xinhou, Ningbo merchant gang completed the transformation from traditional merchant gang to modern entrepreneurial group.
By li hongzhang's importance, as Shanghai dao ku huitong official silver manager yan xinhou took the opportunity to create source fengrun ticket company, capital up to 1 million taels of silver, ticket company in all parts of the country set up branches of as many as 17. 1897, with the late qing dynasty's most prominent officials and merchants sheng xuanhuai help, yan xinhou initiated the creation of China's first national capital bank --- china general merchant bank, and since the beginning, the first national capital bank of China, and the first national capital bank of China. -In 1897, with the help of Sheng Xuanhuai, the most prominent official merchant of the late Qing Dynasty, Yan Xinhou initiated the establishment of China's first national capital bank, the China Merchant Bank, and served as its general manager and director. Yan Xinhou introduced the latest foreign financial system and management style, and attracted the huge capital of Zhang Bishi, a modern overseas Chinese merchant, in order to reflect more representativeness and wider appeal, and rapidly expanded and developed the credit of the Bank of Credit of the Bank of Credit of China, which greatly pushed forward the process of modernization of China's financial industry in the modern era. Subsequently, he participated in the founding of the Simei Bank and China's first insurance company, the Huaxing Insurance Company, and served as a long-time director of the Shanghai Simei Public House.
Yan Xinhou became the first person of the Ningbo Gang through his honesty, frankness and diligence, and his financial, industrial and commercial activities in Tianjin, Shanghai and Ningbo over the past decades.
To cope with the Sino-British negotiations, Sheng Xuanhuai, the Minister of Commerce in Shanghai, urgently hoped that Shanghai merchants could be organized. 1902 February 22, under the authorization of Sheng Xuanhuai, Yan Xinhou in Shanghai to set up China's first chamber of commerce organization - Shanghai Chamber of Commerce, and was appointed as the first Prime Minister, who personally set the "In 1904, the Qing court formally approved the establishment of chambers of commerce in various places, and Yan Xinhou took the lead in complying with the regulations, and raised 12,000 taels of silver as the funding for the Shanghai Chamber of Commerce, and revised the constitution to make the Shanghai Chamber of Commerce the first organization in China. Yan Xunhou took the lead to comply with the establishment of the Chamber of Commerce, and raised 12,000 taels of silver from the meeting office as the funding, and revised the constitution to change the Shanghai Commercial Conference Office into the Shanghai General Chamber of Commerce, and he took the role of the first prime minister. The establishment of the Chamber of Commerce played an important role in safeguarding the interests of Chinese merchants.
Yan Hsin-hou was also enthusiastic about a lot of charitable causes, he donated a huge sum of money to build the Tanggu Railway, Ningbo Railway, donated to build the Yansheng School, Zhixiu School, Zhitian School, Fuchun School, and prepared to build the new school in Ningbo, the Reserve School (the predecessor of the current Ningbo High School), which cultivated a number of new talents; Yan Hsin-hou was a benefactor of the people and provided numerous disaster reliefs. Yan Xinhou benefited the people, countless disaster relief, only from 1899 to 1903 in Zhejiang, Anhui, Shandong and other places up to dozens of disaster relief, the founding of Chi Sheng Pox Bureau, emergency good Bureau and other public **** medical and health institutions, the virtues of immeasurable.
Yan Xinhou is China's modern enterprise pioneer, for the Ningbo merchant gang from a traditional merchant gang into a pivotal group of modern entrepreneurs played the role of "leader", is recognized as "Ningbo merchant gang" of the trailblazer. Qing Guangxu thirty-two years on the ninth day of the fifth month (June 30, 1906), Yan Xinhou died in tianjin, and later buried in ningbo zhenhai jiulonghu. Under the influence of his personality and spirit, Yan's descendants also made outstanding contributions to the country and the people.