Has anyone heard of “duitou”? It’s a fascinating custom that played a key role in the rise of the Zhonghui Building here in Shanghai. Let me transport you back to 1929. Imagine the bustling streets of Shanghai as a new bank, the Zhonghui Bank, opens its doors. This Zhonghui Building, completed in 1934, wasn’t just another bank. It became a symbol of ambition and shrewd business acumen, thanks to its founder, Du Yuesheng. Now, back to “duitou,” this unwritten rule in Shanghai’s banking world dictated that established banks would deposit a sum of money into any newly opened bank. It was a sign of welcome, but also a strategic move. Du Yuesheng, a prominent figure in Shanghai, leveraged this custom masterfully. He secured substantial “duitou” from major banks and influential figures. This immediately boosted the Zhonghui Bank’s credibility and financial standing. These deposits, often matching or exceeding Du’s own investment, fueled the bank’s rapid growth. This allowed him to purchase the land and construct this very Zhonghui Building. This eleven-story Art Deco masterpiece became home not only to the bank, but also to over 140 businesses. These included trading companies, law firms, architectural firms, and even some military-related organizations. The Zhonghui Building showcased the vibrant mix of commerce and influence that characterized Shanghai in the 1930s. Fast forward to 1949. After the Communist victory, the Zhonghui Bank’s ties to Du Yuesheng led to its closure. The building then took on a new role as the home of the Shanghai Museum from 1959 to 1993. The building’s spacious halls, once filled with the hum of financial transactions, now showcased historical artifacts and cultural treasures. The Zhonghui Building stands as a testament to Shanghai’s ever-evolving history. It is a beautiful structure that has witnessed the city’s transformation. It silently speaks volumes about Shanghai’s dynamism and resilience.
Центральный дом работников искусств
Step through the grand wooden doors of the Central House of the Workers of Art, and you’ll be transported to