Abstract:The process of financial development and innovation usually includes the emergence of bet with bet365、The complete cycle of development and replacement of old financial formats。End of Qing Dynasty and beginning of Republic of China，The above cycle is when banks enter China and gradually compete with bank accounts、It was clearly reflected in the process of finally completely replacing the ticket number。Modern banks first entered the late Qing financial market in the form of foreign banks，After the Sino-Japanese War of 1884-1894, there was huge competitive pressure on ticket numbers。Domestic banks were created under the inducement of foreign banks in the late 19th and early 20th centuries，Coming into a period of prosperity and development after the Revolution of 1911，Seize a large number of ticket number markets，And eventually completely replaced the financial function of the ticket number，Forcing the ticket account to completely withdraw from the stage of history。The replacement of bank bill numbers is essentially the result of financial innovation，It is the result of the institutional advantages of bet with bet365 over old financial formats in competition under the new social production conditions of modern times，Is an important manifestation of the modern transformation of finance。

　　Keywords:bet with bet365 Innovation bet with bet365 format Bank ticket number

　　bet with bet365Zhou Jianbo，Professor, School of Economics, Peking University；Zeng Jiang，Postdoctoral fellow at Peking University School of Economics。（bet with bet365 100871）