| Great Ming Lv established a rule on private brokers and agents called Si Chong Ya Hang Bu Tou, making the Ya Hang system a general institution throughout the country, playing an important role in the administration of the markets. The establishment of the rule is the sum一up and inheritance of the agency acts in ancient Chinese market transactions, especially after the Song and Yuan Dynasty, and also the result of the requirement of making rules on the events by the social economic order in the beginning of Ming Dynasty .The rule worked in the practice of the regulation of the market order. Such an experience of Ming government, as to regulate the market order through the control of the agency organizations in the market transactions, has influenced a lot on the legal system of market administration in Qing Dynasty. |
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