The predecessor of Beijing RongBao Auction Co., Ltd., "Song Zhu Zhai", began in 1672, and was renamed "Rong Bao Zhai" in 1894. It has been more than 300 years. Now RongBao has transformed into a comprehensive cultural enterprise integrating painting and calligraphy operations, stationery supplies, woodblock watermarks, frame restoration, auction pawns, publishing printing, exhibition display, education and training, tea culture, and import and export trade.RongBao Auction started operations in key cities in China. By 2015, RongBao Auction had opened 11 branches in Hong Kong, Tianjin, Guangzhou and other cities, and set up 5 auction companies in Beijing, Shanghai, Jinan, Nanjing and Guilin. RongBao Auction Fasting continues to expand overseas markets and plans to open auction companies in cities such as Japan, Canada, and Hong Kong. The scale of RongBao Auction involves painting, calligraphy, contemporary art, stationery, woodblock watermark crafts, and other fields. It possesses the "woodblock watermark" and "mounting and repairing" national intangible cultural heritage skills.