Loaning or not to modern new-type enterprises should not be a criterion for judging a commercial bank. According to modern financial theory,Ningbo money shops were native commercial banks after the implementation of the posting system in the 1850s. The modern short contracts of Ningbo money shops fell into a pure suppositional economic category,fairly close to modern financial investment transactions with fixed trading partners and trading places,cash settlement,complex transaction levels and networks,distinct credit transaction characteristics,short-mechanism and larger transactions,complete with open system,broker system,commission system and the last trading day system. The short contract market of modern Ningbo money shops belonged to a monetary far date,but did not develop into futures.Against the background of mid 19th century when the traditional finance transformed to a modern one,we believe that the short contracts of Modern Ningbo financial market were a great financial innovation and the first financial investment instrument in China.