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

Cover
Half Title
Title
Copyright
Dedication
Contents
List of Illustrations, Photographs, and Tables
Preface
Acknowledgments
Introduction
1. Origins of Shanghai Native Banks
	The Origins of the Shanghai Native Banks
		Money and Native Banks
		Shanxi Banks
		The Ningbo and Shaoxing Financial Groups
		Shanghai Native Bankers Guild
		Native Banks and Merchants
	The Organization of Native Banks
		Native Banks\' Capital
		Management of Native Banks
		Functions of Native Banks
		Shanghai Native Bankers Clearing Association
	The Opening of Shanghai
		Foreign Concessions (1845)
		Xianfeng Inflation (1851–1862)
		Foreign Trade and Native Banks
		\"Shanghai Conventional Currency\" (1856)
		Creation of North and South Markets (1855–1862)
2. The Rise of Foreign Banks, 1847–1894
	Foreign Trade and Foreign Banks
		The Oriental Banking Corporation (1847)
		The Chartered Bank of India, Australia, and China (1858)
		The Hongkong and Shanghai Banking Corporation (1865)
		The Deutsch-Asiatische Bank (1889)
		The Yokohama Specie Bank (1893)
		Formation of a Comprador Class
	The Self-Strengthening Movement and Finance
		Early Industry in Shanghai
		Russell & Co. and the China Merchants\' Steam Navigation Company
		The Shanghai Railway
		The \"Merchants\' Management Under Government Supervision\" System
		Financial Crisis of 1883
3. The Expansion of Foreign Banks and the Search for National Banks, 1895–1911
	The Expansion of Foreign Banks
		Russo-Chinese Bank and Russo-Asiatic Bank (1895)
		Banque de l\'Indochine (1898)
		The Boxer Indemnity (1900)
		The International Banking Corporation (1902)
		Banque Beige pour l\'Etranger (1902)
		Nederlandsche Handel-Maatschappij (1903)
	The Search for National Banks
		The Imperial Bank of China (1897)
		The Hubu Bank (1905) and the Daqing Bank (1908)
		The Bank of Communications (1908)
		Early Private Banks: Xincheng (1906) and Siming (1908)
	The Shanghai Financial Panic and the Revolution of 1911
		The \"Discount Storm\" (1897)
		The \"Rubber Stock Crisis\" (1910)
		Banking and the Revolution of 1911
		The Reorganization Loan and International Banking Consortium
4. The Goiden Age of Shanghai Banking, 1912–1927
	The Impact of Social Change on Banking and Finance
		The Bank of China (1912)
		Government Bonds (1912–1926)
		The Development of Native Banks
		Shanghai General Chamber of Commerce (1902–1929)
		The Growth of National Industry
	The Golden Age of Shanghai Modern Banking
		The \"Three Southern Banks\"
			The National Commercial Bank (1907)
			The Zhejiang Industrial Bank (1915)
			The Shanghai Commercial and Savings Bank (1915)
		The \"Four Northern Banks\"
			The Yien Yieh Commercial Bank (1915)
			The Kincheng Banking Corporation (1917)
			The Continental Bank (1919)
			The China & South Sea Bank (1921)
		Other Chinese National Banks
	New Organizations of Shanghai Banking
		The Shanghai Bankers Association
		The Banker\'s Weekly (1917)
		The Native Bankers\' Monthly (1921)
		The Shanghai Stock and Commodities Exchange (1920)
		The Rise of Chinese Finance Capitalism
5. New Foreign Financial Powers, 1915–1930
	The Japanese Banking Group
		The Bank of Taiwan (1911)
		The Bank of Chosen (1911)
		The Sumitomo Bank (1916)
		The Mitsubishi Bank (1916)
		The Mitsui Bank (1917)
		The \"Nishihara Loans\" (1917–1919)
	The American Banking Group
		The National City Bank of New York (1915)
		The American-Oriental Banking Corporation (1917)
		The American Express Company (1917)
		The Equitable Eastern Banking Corporation/The Chase Bank
		The Underwriters Saving Bank for the Far East (1930)
	Joint-Venture Banks
		The Commercial Guarantee Bank of China
		The Banque Industrielle de Chine
		The Exchange Bank of China
		The Asia Banking Corporation
		The Chinese-American Bank of Commerce
		The Chinese-Italian Banking Corporation
		The Sino-Scandinavian Bank
		The Banque Franco-Chinoise pour le Commerce et l\'Industrie
		Causes of the Failure of Joint-Venture Banks
6. Shanghai Banking and the Nationalist Government, 1928–1937
	The Creation of Chinese State Banks
		Shanghai Bankers and Chiang Kai-shek
		The 1928 National Economic and Financial Conferences
		Tariff Autonomy
		The Creation of the Central Bank of China (1928)
		The Reorganization of the Bank of China and the Bank of Communications (1928)
		The Postal Remittances & Savings Bank (1931)
		The Farmers Bank of China (1935)
		The Central Trust of China (1935)
	The Currency Reform
		The Abolition of the Tael and the Adoption of the Silver Dollar (1933)
		The Silver Purchase Act (1934)
		The Shanghai Financial Panic of 1935
		The 1935 Currency Reform
		Responses of Foreign Banks
			The British Response
			The American Response
			The Japanese Response
		Consequences of the Currency Reform
7. Wartime Banking and Finance, 1937–1945
	The Isolated Island of Banking and Finance
		Wartime Banking Organization and Financial Control
		Foreign Exchange Management
		The Exchange Stabilization Operation
		Currency War
		The Hua Hsing Bank (1939)
		The Central Reserve Bank of China (1941)
	The Pacific Wartime Finance and Inflation
		The Revival of Native Banks
		Wartime Inflation
8. Collapse of the Nationalist Monetary System, 1945–1949
	Postwar Banking Rehabilitation
		The 1946 Banking Laws
		Gold Ṣcandals
		The 1947 Economic Emergency Measures
		Hyperinflation
		The 1948 Economic Emergency and the Issuance of Gold Yuan
		Collapse of the Nationalist Monetary System
9. The Socialist Transformation of Shanghai Banking, 1949–1952
	The People\'s Bank of China
	The Takeover of Bureaucratic Capitalist Banks
		Stabilizing the Renminbi
		State Monopolies on Purchase and Distribution
		The Unification of Economy and Finance
		The \"Three Antis and Five Antis\" Campaign
		The Merger of Native Banks and Other Private Banks
		The Socialist Transformation
Conclusion
Afterword
	Institutional Transformation
	Banking Recapitalization
	Banking Privatization
	Foreign Banking Opportunity
	Banking Globalization
Notes
Glossary
Bibliography
Index