Changing Situation And The Transition Of The Management Mode Of The Banks Run By Local Governments In The Republic Of China

The Kwangtung Provincial Bank, coming from the Central Bank during the Great Revolution, was reorganized and established in 1932. In the tangled warfare period of local warlords, the Kwangtung Provincial Bank was just like the local "Central Bank", which had the privileges that issued the currency, managed bonds and acted for the provincial treasury. These became its basic business; the main target of deposit and loan was the local government department. During relatively stable period ruled by local warlords, especially Kwangtung united the National Government of Nanjing, the Kwangtung Provincial Bank changed the managing ideas and the commercial business was rapidly widened. It gave the more outstanding support to local economic construction. Its function of the local banking leader was obviously strengthened. This offers beneficial reference and experience how to play the role of the banks run by the local governments under the socialistic market economy system.