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Today in 1905, Shanghai Branch of the Board of Revenue Bank was established. The Board of Revenue Bank of Qing government set up Shanghai branch on Hankou Road, Shanghai and appointed Zhang Yunji as the director and Rui Feng as the deputy director. The expected total capital of the bank was 4 million taels of silver and divided into 40,000 shares to be raised by the government and individuals. Due to the little quantity of commercial shares, a quarter of the capitals£­500,000 taels of silver were invested by the government. The Board of Revenue Bank was renamed as Da Qing Bank in 1908 and reorganized as Bank of China in 1911. In 1923 it was moved to Renji Road (now Dianchi Lake Road) and restructured as the National Specialized Bank in 1928.

 

Today in 1988, Hujia highway was opened to traffic. The highway which is a full-interchange-closed advanced highway for vehicles exclusively is the approach section of 204 national highway (Shanghai to Yantai) lasting from Qilianshan Road in Shanghai center to the south gate of Jiading county in the suburbs. The total length of the highway is 20.5 kilometers, the width of the foundations and road are 45 meters and 26.5 meters respectively, the central median 3.5 meters and it has up and down two traffic lanes and two hard shoulders on both sides for emergency shutdowns. The construction started on December 21st, 1988 and till June to July, 1985, the soil subgrade was comprehensively under construction and the structural construction started. On October 31st. 1988, the inaugural ceremony was held and the former Secretary of Shanghai Municipality Jiang Zemin cut the ribbon. So far, Hujia highway which is the first highway in mainland China built in accordance with the standards of highway construction has been opened to traffic.