The Changes Of Jiangxi Bank And Old-style Chinese Private Bank Industry During The Late Qing Dynasty And The Republic Of China

This article takes the late Qing Dynasty and the Repubtic of China period Jiangxi old-style private banks and modern banks as the object of study, taking the different historical period environment and the system as the analysis background, to comprehensively research the Jiangxi silver money industry production, coexistence and elimination from the historical process. The full text altogether divides six chapters, approximately 90,000 words.Jiangxi old-style private banks present the characteristic which the faction stands in great numbers in the late Qing Dynasty period. Although the Jiangxi old-style private bank industry started later, it followed up the time tide very quickly and developed stronger increasingly. However, the chaos in politics during the late Qing Dynasty, the economy lagging, outside capital flooding in, had given tremendous shock for finance industry. The whole country everywhere erupted finance agitation frequently. Guang Xu late years of the Qing Dynasty, which established branch banks with Da Qing Hubu bank and Da Qing bank successively in Jiu Jiang City and Nanchang, Jiangxi Province had real significant modern banks finally. But the two branch banks became feeble and died along with the Qing Dynasty's disintegration to extinguish. After Chinese Revolution of 1911, accompanied the Great Revolution unfolding, Jiangxi Province local government then set up the first modern bank of Jiangxi province which based official money institution, called the Republic bank. The Republic bank coming into being had guided new direction for the Jiangxi modern banking industry.Although the Beijing government period banking industry had got the government nominal support, it soon became "currency creation machine" and financial dependency because of itself immature and lack of experience. The Beijing Government excessively made use of a bank to issue paper money to such an extent that the credit of the bank industry was ruined. The bank industry of 1920's fluttered in the storm. The old-style Chinese private bank had obtained the relatively rather good development opportunity, because the former competitors--money exchange shop and the standard pawnshop--went out of business. In addition, it conformed to the tendency of the times. The old-style Chinese private banks and modern banks supported and cooperated each other in this period regardless of its quantity or the capital strength, which had the very big breakthrough.The old-style Chinese private bank industry needs to draw support from the banking industry as the fund origin of the short-term source financing. The modern bank also needs to gain development chance of oneself by drawing support from the old-style Chinese private bank industry's fine credit in folk as well as its unimpeded finance information, which they got benefit by associating together.After 1927, the Nanjing Government began to come into the power. For realizing transformation into capitalism intention of country, financial policy "balance" inclined to start driving development of modern bank industry and restrain the development of the old-style Chinese private bank. By promulgating "banking law" and "abolishing silver change dollar" policy, the Nanjing Government had established banking industry in the national financial industry the core status. The old-style Chinese private bank industry had lost control forceful market financial tool--gauge of virtual silver billing its own post, such as guiyuan silver, hanghua silver, yangli silver. Although at that time, the profit level of the old-style Chinese private banking industry came under the too tremendous actual influence by no means, its banking industry superiority status was already thoroughly been shaked. It realized changes that was called "modern bank among the old-style Chinese private bank-rization" and "modern bank-rization with the old-style Chinese private bank". Being confronted with the society who transforms, tradition and modern can coexist, even fairly good anatomizing. Concealing the problem is to be worthy for us to ponder over the matter.