A History of Modern Shanghai Banking: The Rise and Decline of China's Financial Capitalism

A History of Modern Shanghai Banking: The Rise and Decline of China's Financial Capitalism

Author: Ji Zhaojin

Publisher: Routledge

Published: 2016-07-08

Total Pages: 366

ISBN-13: 131747807X

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As the center of capitalism in China, Shanghai banking provides a unique perspective for assessing the impact of the changes from financial capitalism to socialist planning banking in the early 1950s, and for evaluating the reform of China's banking system since the 1980s. This book offers a comprehensive history of Shanghai banking and capital markets from 1842 to 1952, and illustrates the non-financial elements that contributed to the revolutionary social and financial changes since the 1950s, as well as financial experiences that are significant to China's economic development today. The book describes the rise and fall of China's traditional native banks, the establishment of foreign banks, and the creation of modern state banks, while focusing on the colorful world of banking, finance, and international relations in modern Shanghai. It assesses the Chinese government's intervention in banking and finance during the Qing dynasty and the Republican era, as well as the concept of state capitalism after the establishment of the People's Republic. The author examines various modern-style Chinese banks through fascinating stories of Shanghai bankers. In addition, she provides detailed coverage of market-oriented international trade, banking associations, the conflicts between state and society, the government involvement in business, the management of foreign exchange, joint venture banks, wartime banking and finance, hyperinflation, corruption, and banking nationalization.


Banking in Modern China

Banking in Modern China

Author: Linsun Cheng

Publisher: Cambridge University Press

Published: 2003-03-06

Total Pages: 314

ISBN-13: 9780521811422

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This is the first book to document in English the evolution of modern Chinese banking, from the establishment in 1897 of the first Chinese bank along a Western model, to the abrupt interruption of professional banking by the Japanese invasion in 1937. Drawing from original documents of major Chinese banks, Linsun Cheng explains how and why the banks were able, despite a succession of foreign and domestic crises, to grow into viable and self-sustaining institutions in China. Rich with new, unpublished historical details, this book offers an original, comprehensive narrative of the origins and growth of professional banks.


Foreign Banks and Global Finance in Modern China

Foreign Banks and Global Finance in Modern China

Author: Ghassan Moazzin

Publisher: Cambridge University Press

Published: 2022-07-07

Total Pages: 355

ISBN-13: 100903698X

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In this wide-ranging study, Ghassan Moazzin sheds critical new light on the history of foreign banks in late nineteenth and early twentieth century China, a time that saw a substantial influx of foreign financial institutions into China and a rapid increase of both China's foreign trade and its interactions with international capital markets. Drawing on a broad range of German, English, Japanese and Chinese primary sources, including business records, government documents and personal papers, Moazzin reconstructs how during this period foreign banks facilitated China's financial integration into the first global economy and provided the financial infrastructure required for modern economic globalization in China. Foreign Banks and Global Finance in Modern China shows the key role international finance and foreign banks and capital markets played at important turning points in modern Chinese history.


Asian Imperial Banking History

Asian Imperial Banking History

Author: Hubert Bonin

Publisher: Routledge

Published: 2015-10-06

Total Pages: 241

ISBN-13: 1317316932

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When European powers annexed parts of Asia, banking systems were an important part of that process. The essays in this edited collection are based on original research using primary sources in English, French, Russian, Chinese and Japanese. The book as a whole provides new insights into banking in imperial Asia and a platform for further research.


The Origins of International Banking in Asia

The Origins of International Banking in Asia

Author: Shizuya Nishimura

Publisher: Oxford University Press

Published: 2012-09-27

Total Pages:

ISBN-13: 0191641332

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Without a means of crediting and debiting accounts worldwide and the non-physical transfer of funds, the rapid global economic integration of the late nineteenth and early twentieth centuries would have been impossible. It is the globalization of the banking system, much of which, particularly in Asia, had its roots in the nineteenth century, that helped facilitate increased human mobility, the exchange of commodities and manufactures, and the simplified transfer of funds. This volume examines the origins, growth, and business practices of European banks in Asia, and the development of Asian (notably Japanese and Hong Kong) banks, and their operations on an international stage, and in doing so, provides important new detail and analysis of economic globalization. It draws on the archival documentation of main British, French, and Japanese banks involved and provides analysis from a range of historical viewpoints, including global banking strategy, monetary regimes, financial markets, international trade, labour immigration, and the development of communication tools.


The Chinese Banking Industry

The Chinese Banking Industry

Author: Yuanyuan Peng

Publisher: Routledge

Published: 2007-08-18

Total Pages: 213

ISBN-13: 1134098391

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Bringing a vast amount of material to a Western audience for the first time, this book provides a detailed systematic micro-level analysis of the historical development of the Chinese banking industry, analyzing the key issues in the development of the Bank of China in the period 1905 to 1949.


China's Banking Law and the National Treatment of Foreign-Funded Banks

China's Banking Law and the National Treatment of Foreign-Funded Banks

Author: Wei Wang

Publisher: Routledge

Published: 2016-05-23

Total Pages: 488

ISBN-13: 1317167317

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This book assesses new developments in and reform of China's banking law system following its accession of the WTO. It focuses on the relationship between GATS/WTO national treatment obligations and China's banking law. Tracing the history of national treatment in China, the book compares the treatment of foreign-funded banks with the treatment of Chinese-funded banks and examines the structure and shortcomings of the existing banking law framework in China. Offering suggestions as to how the framework could be restructured and analysing the economic and political bases of an integrated banking law framework, the book argues that reorganization would bring about greater consistency with GATS/WTO national treatment requirements. The book also explores the ambiguous definition of prudential carve-out, the subtle relationship between GATS national treatment and market access based on WTO cases, national treatment clauses in China’s bilateral investment treaties, and special treatment on banking in China’s free trade agreements. This volume is a valuable resource for academics and students as well as professionals and policy-makers working in the field of banking, WTO, Chinese law and foreign trade.


Shanghai's Bund and Beyond

Shanghai's Bund and Beyond

Author: Niv Horesh

Publisher: Yale University Press

Published: 2009-06-23

Total Pages: 255

ISBN-13: 0300143621

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As China emerges as a global powerhouse, this title examines its economic past and the shaping of its financial institutions.


Long-Term Commitment, Trust and the Rise of Foreign Banking in China

Long-Term Commitment, Trust and the Rise of Foreign Banking in China

Author: Qing Lu

Publisher: Elsevier

Published: 2007-09-30

Total Pages: 285

ISBN-13: 1780632304

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The rapid growth of foreign banks has aroused a growing interest in the academic field and specifically as regards to the question of why foreign banks exist. This book aims to establish the relationship between trust as contextual knowledge capital built between the Chinese government and foreign banks and foreign banks. knowledge capital and the relationship between the former and foreign banks. long-term commitment. By investigating the development strategy of foreign banks and by examining and explaining the importance of foreign banks. long-term commitment to their development, this book has demonstrated that foreign banks established branches in China not only to follow their home-country customers in order to retain their knowledge capital but also to gain market access. Trust as contextual knowledge capital built between foreign banks and the Chinese government could assist their knowledge capital retention and their market access strategy. Foreign banks. long-term commitment could help them to achieve this contextual knowledge capital. This book thus has major implications for the development strategy of foreign banks in a government-oriented economy with a controlled banking sector. - The first book covering the relationship between the governments trust and support and the rise of foreign banks in China - Few studies have analysed the development of foreign banks from the standpoint of government, i.e. the supply side of the banking licence, and the relationship between the development of foreign banks and the trust built between foreign banks and the government - The first book showing how some big foreign banks in China, such as HSBC, built relationship with the Chinese government