Core Points - The article discusses the historical significance of the "Jinniu" (Golden Bull) as a symbol of finance, particularly in relation to the development of currency in Chengdu, China, where the world's first paper currency, "Jiaozi," originated [2][5][6] Group 1: Historical Context - The first paper currency, "Jiaozi," emerged in Chengdu during the Five Dynasties and Ten Kingdoms period, initiated by Wang Jian, who established the Later Shu regime [2][3] - Wang Jian's governance led to economic stability and cultural development in Chengdu, making it a prosperous city during a time of widespread conflict [2][3] Group 2: Development of Jiaozi - The initial use of "Jiaozi" began with merchants storing iron coins in shops, which later evolved into the issuance of paper notes backed by these coins [3][4] - In 1024, the Northern Song Dynasty established the "Yizhou Jiaozi Office," marking the official government issuance of paper currency, known as "official Jiaozi," which was backed by state authority [4][5] Group 3: Economic Impact - The introduction of "Jiaozi" alleviated the historical issue of currency shortages in ancient China, facilitating economic growth and trade [6][10] - The currency system evolved to include various denominations, enhancing the efficiency of transactions and contributing to a more robust economic environment during the Song Dynasty [6][9] Group 4: Cultural Influence - The prosperity brought by "Jiaozi" allowed for cultural advancements, influencing notable figures such as Su Shi, who contributed to economic thought and practices during this period [7][8] - The widespread use of "Jiaozi" extended beyond Sichuan, indicating its significant role in trade and economic interactions across regions [9][10]