Qiao's family in Qixian County, Shanxi Province, as the representative of Shanxi's feudal commercial capital in the period of the former Qing Dynasty and the Republic of China, almost owned the firms opened by Qiao in major cities in China, especially in large and medium-sized cities in the north, and the business was the most prosperous at that time. Because Qiao's family originated from the "Fushenggong" firm in Baotou, and the firms opened one after another were also marked with the word "Fu", people called Qiao's firms in Qixian County, Shanxi Province as "No.".
In the early years of Qianlong, Qiao and Qin of Qixian worked as apprentices in Sarazzi Guild Hall for several years, and then went to Xin 'aobao to sell forage and groceries and became self-employed. For twenty years, they earned the "first pot of gold" by buying low and selling high. As the economic center of Baotou moved from Xi's brain bag to Dongmen Street, the two moved the store to Dong Qian Street (now Jiefang Road) to run the store. In addition to groceries, they also run an inn and warehouse, bought a property and set up an enterprise called Guangshenggong. At this time, they have become small rich men. "there are unexpected events in the sky." One year, I was unlucky, owed a lot, and almost closed down. Thanks to the support of his companions, he was able to breathe and recover. Therefore, while celebrating, shareholders think that this is the starting point of the foundation's revival and unanimously advocate changing its name to "Fushenggong".
When Fushenggong flourished in Baotou, Joe Independent Capital established Fushengquan and Fushengxi in Baotou in order to expand its business and pursue greater profits. All its businesses were pawn shops, clothing stores, money houses and grain stores. Later, he also paid off the debt of 280 mu of land in the area of Nanlongwangmiao, and managed to revive the vegetable garden and plant vegetables.
Between Daoxian and xian county, the business of Baotou is developing day by day, and the population is increasing day by day. In addition to operating "Six Chen Xing", Fu Zihao also established an earlier commercial organization "Big Bank" in Baotou. Since he is the leader of a "big bank" and "gains the moon first by taking advantage", renaming is to use his functions to facilitate his own interests. Business is booming. From the end of Guangxu to the decade of the Republic of China, wealthy firms in Baotou, like other places, issued coupons. The complex font size is stable and reliable in Baotou, and its credit is outstanding, so people would rather use the receipt of complex font size as a means of storage than store copper coins.
In the 12th year of the Republic of China, the Beijing-Suiyuan Railway was built in Baotou, and the Yellow River shipping became more and more developed. Baotou has become a veritable "land and water terminal". With the development of business, the funds needed by any industry have greatly increased. During this active period, the funds used by the whole city to support nine banks and sixteen cooperatives were mainly renamed, which helped the commercial development and increased the profits of its own usury. The development of compound names in Baotou has entered the most prosperous period.
However, in the Republic of China 15, the national army withdrew westward, and the salary was raised by Baotou firms. Only this robbery lost more than 50,000 stones of grain when the name was renamed, and it began to decline from then on. It closed in 22 years. 1950 in the early days of liberation, Joe sent people to Baotou to distribute the remaining assets to all employees. 195 1, the store of Fuzihao closed down and its employees were laid off 1952. Until the spring of 1953, Fuzihao ended its development in Baotou for more than 200 years and withdrew from the historical stage.