The Rishengchang Piaohao, was the first draft bank in China. It is located in Pingyao, Shanxi province, China. Rishengchang literally translates to 'Sunrise Prosperity', and piaohao means 'draft banks', the predecessors of modern banks in China. It was estimated to be founded during the Qing Dynasty in 1823. In the nineteenth century, at its peak, it controlled almost half of the Chinese economy and its branches were widespread throughout major cities in China, and also in some foreign countries, including Russia, Mongolia, and Japan.

Pingyao, officially Pingyao Ancient City, is a walled city in central Shanxi, China, famed for its importance in Chinese economic history and for its well-preserved Ming and Qing urban planning and architecture. Administratively, it comprises the town of Gutao in Pingyao County, Jinzhong. According to the seventh Chinese census data, the permanent resident population of the county is 450,697. Compared with the 502,712 people in the sixth national census in 2010, it has decreased by 52,015 people in ten years, a decrease of 10.35%, and the average annual growth rate is -1.09%.