A history of modern Shanghai banking : the rise and decline of China's finance capitalism / Zhaojin Ji.

Format:

Book

Author/Creator:

Ji, Zhaojin.

Series:

Studies on modern China

Language:

English

Subjects (All):

Banks and banking--China--Shanghai--History.

Banks and banking.

Banks and banking, Foreign--China--Shanghai--History.

Banks and banking, Foreign.

Finance--China--Shanghai--History.

Finance.

History.

China--Shanghai.

Physical Description:

xxxviii, 325 pages : illustrations ; 24 cm.

Place of Publication:

Armonk, N.Y. : M.E. Sharpe, [2003]

Summary:

Selected Contents: 1. Origins of Shanghai Native Banks2. The Rise of Foreign Banks, 1847-18943. The Expansion of Foreign Banks and the Search for National Banks, 1895-19114. The Golden Age of Shanghai Banking; 1912-19275. New Foreign Financial Powers, 1911-19306. Shanghai Bankers and the Nationalist Government, 1928-19377. Wartime Banking and Finance, 1937-19458. Collapse of the Monetary System, 1945-19499. Socialist Transformation, 1949-1952

Contents:

1. Origins of Shanghai Native Banks 3

Money and Native Banks 7

Shanxi Banks 8

The Ningbo and Shaoxing Financial Groups 9

Shanghai Native Bankers Guild 11

Native Banks and Merchants 12

The Organization of Native Banks 13

Native Banks' Capital 15

Management of Native Banks 16

Functions of Native Banks 22

Shanghai Native Bankers Clearing Association 23

The Opening of Shanghai 26

Foreign Concessions (1845) 27

Xianfeng Inflation (1851-1862) 28

Foreign Trade and Native Banks 32

"Shanghai Conventional Currency" (1856) 33

Creation of North and South Markets (1855-1862) 36

2. The Rise of Foreign Banks, 1847-1894 38

Foreign Trade and Foreign Banks 40

The Oriental Banking Corporation (1847) 42

The Chartered Bank of India, Australia, and China (1858) 43

The Hongkong and Shanghai Banking Corporation (1865) 45

The Deutsch-Asiatische Bank (1889) 50

The Yokohama Specie Bank (1893) 52

Formation of a Comprador Class 54

The Self-Strengthening Movement and Finance 57

Early Industry in Shanghai 59

Russell & Co. and the China Merchants' Steam Navigation Company 60

The Shanghai Railway 62

The "Merchants' Management Under Government Supervision" System 63

Financial Crisis of 1883 65

3. The Expansion of Foreign Banks and the Search for National Banks, 1895-1911 67

The Expansion of Foreign Banks 68

Russo-Chinese Bank and Russo-Asiatic Bank (1895) 70

Banque de l'Indochine (1898) 72

The Boxer Indemnity (1900) 74

The International Banking Corporation (1902) 76

Banque Belge pour l'Etranger (1902) 77

Nederlandsche Handel-Maatschappij (1903) 78

The Search for National Banks 78

The Imperial Bank of China (1897) 80

The Hubu Bank (1905) and the Daqing Bank (1908) 84

The Bank of Communications (1908) 85

Early Private Banks: Xincheng (1906) and Siming (1908) 87

The Shanghai Financial Panic and the Revolution of 1911 90

The "Discount Storm" (1897) 90

The "Rubber Stock Crisis" (1910) 92

Banking and the Revolution of 1911 93

The Reorganization Loan and International Banking Consortium 94

4. The Golden Age of Shanghai Banking, 1912-1927 97

The Impact of Social Change on Banking and Finance 98

The Bank of China (1912) 98

Government Bonds (1912-1926) 104

The Development of Native Banks 106

Shanghai General Chamber of Commerce (1902-1929) 109

The Growth of National Industry 112

The Golden Age of Shanghai Modern Banking 113

The "Three Southern Banks" 114

The National Commercial Bank (1907) 114

The Zhejiang Industrial Bank (1915) 116

The Shanghai Commercial and Savings Bank (1915) 118

The "Four Northern Banks" 121

The Yien Yieh Commercial Bank (1915) 123

The Kincheng Banking Corporation (1917) 124

The Continental Bank (1919) 127

The China & South Sea Bank (1921) 128

Other Chinese National Banks 129

New Organizations of Shanghai Banking 130

The Shanghai Bankers Association 131

The Banker's Weekly (1917) 133

The Native Bankers' Monthly (1921) 134

The Shanghai Stock and Commodities Exchange (1920) 136

The Rise of Chinese Finance Capitalism 137

5. New Foreign Financial Powers, 1915-1930 141

The Japanese Banking Group 142

The Bank of Taiwan (1911) 143

The Bank of Chosen (1911) 145

The Sumitomo Bank (1916) 145

The Mitsubishi Bank (1916) 146

The Mitsui Bank (1917) 147

The "Nishihara Loans" (1917-1919) 148

The American Banking Group 150

The National City Bank of New York (1915) 152

The American-Oriental Banking Corporation (1917) 155

The American Express Company (1917) 156

The Equitable Eastern Banking Corporation/The Chase Bank 156

The Underwriters Saving Bank for the Far East (1930) 157

Joint-Venture Banks 158

The Commercial Guarantee Bank of China 159

The Banque Industrielle de Chine 159

The Exchange Bank of China 159

The Asia Banking Corporation 160

The Chinese-American Bank of Commerce 160

The Chinese-Italian Banking Corporation 161

The Sino-Scandinavian Bank 161

The Banque Franco-Chinoise pour le Commerce et l'Industrie 161

Causes of the Failure of Joint-Venture Banks 161

6. Shanghai Banking and the Nationalist Government, 1928-1937 164

The Creation of Chinese State Banks 165

Shanghai Bankers and Chiang Kai-shek 166

The 1928 National Economic and Financial Conferences 170

Tariff Autonomy 171

The Creation of the Central Bank of China (1928) 172

The Reorganization of the Bank of China and the Bank of Communications (1928) 174

The Postal Remittances & Savings Bank (1931) 178

The Farmers Bank of China (1935) 179

The Central Trust of China (1935) 181

The Currency Reform 182

The Abolition of the Tael and the Adoption of the Silver Dollar (1933) 183

The Silver Purchase Act (1934) 185

The Shanghai Financial Panic of 1935 188

The 1935 Currency Reform 190

Responses of Foreign Banks 195

The British Response 195

The American Response 197

The Japanese Response 199

Consequences of the Currency Reform 201

7. Wartime Banking and Finance, 1937-1945 204

The Isolated Island of Banking and Finance 205

Wartime Banking Organization and Financial Control 206

Foreign Exchange Management 207

The Exchange Stabilization Operation 209

Currency War 211

The Hua Hsing Bank (1939) 213

The Central Reserve Bank of China (1941) 214

The Pacific Wartime Finance and Inflation 215

The Revival of Native Banks 216

Wartime Inflation 218

8. Collapse of the Nationalist Monetary System, 1945-1949 220

Postwar Banking Rehabilitation 221

The 1946 Banking Laws 222

Gold Scandals 224

The 1947 Economic Emergency Measures 227

Hyperinflation 228

The 1948 Economic Emergency and the Issuance of Gold Yuan 229

Collapse of the Nationalist Monetary System 233

9. The Socialist Transformation of Shanghai Banking, 1949-1952 238

The People's Bank of China 239

The Takeover of Bureaucratic Capitalist Banks 241

Stabilizing the Renminbi 245

State Monopolies on Purchase and Distribution 246

The Unification of Economy and Finance 248

The "Three Antis and Five Antis" Campaign 249

The Merger of Native Banks and Other Private Banks 251

The Socialist Transformation 253

Institutional Transformation 261

Banking Recapitalization 263

Banking Privatization 264

Foreign Banking Opportunity 265

Banking Globalization 267.

Notes:

"An East gate book"--T.p. verso.

Includes bibliographical references (pages 299-309) and index.

ISBN:

0765610027

OCLC:

50228711