The Attempt of the Red Regime’s Financial Security System: Taking the Secret Vault of the Chinese Soviet State Bank as an Example

Abstract

In February 1932, the Chinese Soviet National Bank was established in Ruijin, and since then it has obtained a large amount of funds through various channels. In the face of increasing military pressure, in order to ensure the safety of funds and to prepare for emergencies, the National Bank established a secret vault in Shicheng County. This was an attempt by the Chinese Communist Party to build a financial security system in its early days. Through the analysis of relevant historical materials, this article analyzes the important role of the secret vault from the background of its establishment, its operating mechanism, and its key role in the Soviet economy and revolutionary war. At the same time, it explores and summarizes the significance of this financial security mechanism in strengthening financial trust and monetary credibility, and provides reference for the current financial system construction.