Twenty-eight hundred years ago, King Xuan of the Western Zhou raised a city here; seven hundred years ago, the Hongwu reign of the Ming rebuilt it in brick. Ping Yao — China's best-preserved ancient county town — seals a century of Shanxi merchants' fortunes between its walls, its draft banks and its escort agencies.
History · Timeline
4 key moments- 1Western Zhou
The city is first raised
Ping Yao is walled under King Xuan of Zhou; the history of the town begins
- 21370
Rebuilt under the Ming
In the third year of the Hongwu reign, the old town is rebuilt with brick-and-stone walls
- 31823
The Rishengchang is founded
China's first draft bank, Rishengchang, is founded in Ping Yao, pioneering the banking trade
- 41997
Inscribed as World Heritage
Selected under criteria (ii)(iii)(iv)
Prologue: Crenellations in the Morning Light
At dawn, the first sunlight crosses the crenellations of the Ping Yao city wall and falls on the grey bricks. Three thousand crenellations light up one by one, and seventy-two watchtowers emerge from the morning mist — the turtle-shaped town has been crouching here for twenty-eight hundred years.
Between the bricks lies sealed a century of Shanxi merchants’ fortunes.
The City of King Xuan
Twenty-eight hundred years ago, King Xuan of the Western Zhou raised a city here. Layer after layer of dust settled, until the third year of the Hongwu reign (1370), when masons rebuilt the old town on its foundations with brick-and-stone walls: 6.4 kilometres in circumference, with three thousand crenellations and seventy-two watchtowers — for its shape it is called the “Turtle City.” A town had found its shape and its name.
A Living County Town in a “Tu” of Streets
For centuries, within the walls the South, West and East streets have formed a “tu”-shaped pattern; the county offices, the Confucian temple, the market tower and the dwellings are all well preserved — the drum of the yamen, the reading voices of the school, the night-watch at the market tower have sounded here for centuries and have not ceased. Ping Yao is not a city kept in a museum; it is a living specimen of a Ming–Qing county town.
Lei Lutai’s Piece of Paper
In 1823, Lei Lutai of Ping Yao founded China’s first draft bank, the Rishengchang, specialising in remittance — traders no longer had to carry silver on long journeys; a single piece of paper could send silver across mountains and rivers. At their peak Ping Yao’s draft banks numbered twenty-two, with branches in more than a hundred cities across the country; at one time the town “exchanged bills under heaven,” holding the tiller of China’s finance. Escort agencies, pawnshops and money shops surrounded them, and Ping Yao became the financial centre of the Shanxi merchants.
1997: One City’s Road to World Heritage
In 1997, the Ancient City of Ping Yao was inscribed on the World Heritage List under criteria (ii)(iii)(iv) — one of China’s examples of a whole ancient city inscribed as heritage. Today the county offices, draft banks and dwellings within the walls are still in use, and the Ping Yao International Photography Exhibition and the film festival let the old city converse with the world through the click of shutters. The old city has not fallen asleep; it has simply found another way to live.
Epilogue: A Century Sealed Between the Bricks
The setting sun rests on the flying eaves of the market tower, and the grey bricks of the wall are still warm. The first shovel of earth King Xuan lifted twenty-eight hundred years ago and the brush that wrote the first bill at the Rishengchang in 1823 — across more than twenty centuries, they wrote the same sentence: this city will keep time for us.
Outstanding Universal Value (OUV)
- Criterion (ii): Ping Yao fully presents the planning and architectural traditions of a Chinese county town of the Ming and Qing.
- Criterion (iii): The draft bank system is a unique testimony to the birth of China’s modern financial institutions.
- Criterion (iv): The urban pattern of walls, offices, dwellings and market tower is an outstanding example of a Han Chinese county town.
Facts at a Glance
- City wall 6.4 km in circumference; first built in the Western Zhou, rebuilt in 1370
- Inscribed in 1997; Rishengchang was China’s first draft bank
Gallery

Aerial panorama of the Ancient City of Ping Yao
Wikimedia Commons / Chensiyuan · CC BY-SA 4.0
Street scene in Ping Yao
Wikimedia Commons / Nicor · CC BY-SA 3.0

The city wall and market tower of Ping Yao
Wikimedia Commons / lienyuan lee · CC BY 3.0
Sources & Citation
- Official listing:UNESCO World Heritage Centre —— 平遥古城
- Managing authority:http://www.pingyao.gov.cn/
- Cover credit:Wikimedia Commons / Chensiyuan (CC BY-SA 4.0)
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