Department Of Study Of Modern Shanghai

The bill is a kind of the credit tool produced by old-style Chinese private bank,with the development of economy, its effect is more obvious. It is a kind of financial instruments, across the country have transactions in the market,Hankou, Tianjin and other places such as. They have different business practices, so the way of business model is different. But its effect can not be replaced, it is because of its characteristics and advantages, can provide short-term financing tools for the enterprise.First, we’ll describes the historical background, it composition and specific market play a unique role. The modem monetary system disorder but business has developed rapidly, for a standard market demand, therefore in Tianjin, Hankou, Chongqing and other regions to form the large and small market. It is the collection and settlement, exchange, credit, which integrates financial instruments, in the modem monetary system reform played an irreplaceable role.Second, we pushed around the market according to the specific calculation formula of exchange network performance in modern China. It is a way of intercity money transfers, modem China’s financial markets to the bill around for clues to the market, formed with Shanghai as the center of a nationwide system of exchange. And in Tianjin, Hankou, Chongqing and other secondary radiation exchange center, the commercial port between formed the specific financial network, make transfers of funds between commercial port unimpeded.Thirdly, we will explore its price change trend and the specific research into its influencing factors. We choose Tianjin, Hankou, Chongqing, Qingdao and other places of the market as analysis samples, the study found that the price of modern bill outer-plane and cyclical changes, and there are peaks and troughs. The influencing factors of price changes can be divided into economic and non-economic reasons, economic reasons is determined by the formula directly price, but it is also possible for non-economic causes its conversion formula failure which directly affect the bill’s price.Finally, we will return to the modem economic society in examining it. It widely used to promote the intercity circulation of commodities, exchange network corresponds to the goods, to promote each other. The bill final settlement is in Shanghai, Shanghai’s financial strength, settlement between the circulation of perfected the intercity system, provides the standard price, therefore can be used as a symbol of the modem unified national market.Research in modem times, the development of Shanghai financial derived the bill produced by old-style Chinese private bank have reference significance to Shanghai today’s financial market, more can directly provide reference to the development of financial instruments, for the folk financial liberalisation has guiding significance for more.