This morning, take a high speed train to Pingyao from Beijing (about 4 hours). Explore Pingyao Ancient City in the afternoon. Then, check in at your hotel for overnight.
Welcome to Pingyao, an ancient city established between 827 and 782 BC. It features numerous well-preserved ancient buildings from the Ming and Qing dynasties, including city walls, watchtowers, streets, and alleys. These structures not only hold significant historical value but also showcase ancient Chinese architectural artistry and aesthetic concepts. The city walls stretch 6,163 meters with 3,000 battlements and 72 watchtowers, symbolizing Confucius' "Three thousand disciples, seventy-two worthy men," hence earning Pingyao Ancient City the moniker of "Cultural City." Internally, the layout of the ancient city comprises the pattern of the Four Main Streets of the Ming and Qing dynasties, Eight Small Streets, and Seventy-Two Alleys. Many experts regard this layout as a typical representation of northern Chinese Ming and Qing urban centers, drawing worldwide attention due to its exceptional, systematic, and pure preservation.
Moreover, Pingyao Ancient City is also one of the birthplaces of Shanxi merchant culture. It witnessed the establishment of the first financial institution in Chinese history to engage in silver exchange, loans, and deposits—the Rishengchang Draft Bank. The founding of Rishengchang and its lucrative profits inspired numerous other businesses in Pingyao County to follow suit, resulting in the establishment of a total of 22 draft banks. These institutions not only propelled local economic growth but also left a profound impact on the financial history of China and globally. Presently, Pingyao Ancient City hosts various cultural events such as the Pingyao International Photography Festival, Pingyao Chinese New Year celebrations, and traditional local performances, attracting tourists from all around the world.
Today, you will enjoy a city walk in Pingyao Ancient City, a world cultural heritage site. Known as one of the “Four Best Preserved Ancient Cities in China”, Pingyao is an outstanding example of a Han Chinese city of the Ming and Qing Dynasties. With a history of over 2,700 years, the construction of Pingyao resembles a tortoise shell, symbolizing auspiciousness. With its six major city gates and towering city walls, it stands as a stronghold akin to an impregnable fortress. The city has four main streets, eight small streets, 72 winding alleys, and countless narrow lanes, resembling the patterns on a tortoise's back. You can climb the city wall from the Yingxun Gate (迎薰门) to explore this northern Chinese city that combines defensive and cultural functions.
In the 19th to early 20th centuries, Pingyao was the financial center of the entire Chinese banking industry, earning it the nickname "Little Beijing." Stepping into Pingyao, you can wander among the gray brick walls, touch the sturdy wooden doors, feel the imprints of cart tracks underfoot, and imagine the bustling activities of the Shanxi merchants who influenced the world over 100 years ago, seeking their former glory in the buildings they left behind. You can visit the County Government Office (县衙) and witness a 20-minute performance of the county magistrate presiding over a court session (free; please verify the performance schedule). As China's largest surviving county office, it houses a vast collection of cultural relics from ancient officialdom, allowing you to glimpse into the appearance of ancient government offices.
You won't want to miss visiting Rishengchang (日昇昌; 1823-1923), the first draft bank in China and the pioneer of modern Chinese banking. Its name contains four "日" characters, symbolizing business flourishing like the rising sun, witnessing the glory of Shanxi Merchant Culture. Rishengchang once had 35 branches nationwide, conducting business as far as Europe, America, Southeast Asia, and other countries, earning the reputation of "Connecting the World汇通天下." Today, Rishengchang has transformed into the Chinese Draft Bank Museum (中国票号博物馆), facing south and comprising two courtyards, the Central and Eastern yards. It is a mixed-style quadrangle courtyard, representing the most comprehensive, grand, and typical structure among Ming and Qing Dynasty Shanxi draft banks. The museum houses a wealth of material artifacts from Rishengchang, serving as sources for studying Chinese financial history. If time allows, you can also visit Xietongqing (协同庆; 1856-1913), known as the Chinese Money Shop Museum (中国钱庄博物馆), to explore what was once the largest underground treasury in China. You can walk leisurely to the Armed Escort Company Museum (中国镖局博物馆) to learn about the protection of the tangible currency and the top 10 escort companies and top 10 guards. After that, have a nice stroll on the most prosperous traditional Ming and Qing Dynasties Street, which used to be the “Wall Street of China”, taking you back to the former bustle bazaar in the old days.
Optional Show of Pingyao:
Seeing Pingyao (19:00~20:30; Closed on Mondays;《又见平遥》), a large-scale historical drama directed by Wang Chaoge王潮歌, tells the story of the late Qing Dynasty. In the ancient city of Pingyao, the boss of the Pingyao ancient draft bank, Zhao Yishuo赵易硕, spends all his money to hire 232 Armed Escorts to rescue the branch manager Wang of the Russian branch. It takes you on a journey to appreciate the richness of Shanxi merchant culture and the depth of history.