A Study On The Postal Remittances And Savings Bank Of Nanjing National Government (1930-1937)

The Postal Remittances and Savings Bank was the main component of the financial system in Nanjing National Government, and the member of the "四行二局"The postal remittances business started with the establish of DaQing post, but the postal savings business appeared until July 1st in 1919. Up to the eve of Nanjing National Government, The postal savings and remittances business had had full-scale growth, and become two major source of postal economic income. During the early stages of NanJing National Government, the national finances could'nt do both ends meet, and the monetary is convulsion. For the purpose of maintaining State power, strongly national financial system was to require. At the same time, the thought was also popular in financial circles. The post sovereignty coming back to Nationalist Party Government offered crucial condition for the Postal Remittances and Savings Bank's establishment. The proposal gave rise to sharp repercussions. The financial circles,foreigners and post works indicated their attitude for seting The Postal Remittances and Savings Bank. On March 15st 1930, the headquarter of The Postal Remittances and Savings Bank was set up in controversy. The establishment and development of the Postal Remittances and Savings Bank contain profuse meaning. It is an important component element of the Nanjing National Government's state-makin and an important step of Chinese postal financial modernization.After The Postal Remittances and Savings Bank setment, it followed banks to go whole hog to collect money for National Government. Simultaneously developed savings and remittances business, The Postal Remittances and Savings Bank took a different approach. to handle the simple life insurance business, and took it as an important way of collecting money. By the end of the War of Resistance against Japan, the amont of savings is huge. The investment of the Postal Remittances and Savings Bank included the national debt, industry and real estate. The funds that invested national debt occupy about half of investing fund. In addition, the Postal Remittances and Savings Bank actively loaned to rural area. In a word, the effect of the Postal Remittances and Savings Bank at the early period of national construction of Nanjing National Government was positive.