Shanxi Ticket Number In Modern Financial Industry In Shanghai

Shanxi Piaohao as an important financial organizations in modern Shanghai financial industry play an important role in developing Shanghai economy and trade. Shanxi Piaohao setting semicolons across the china did not set semicolons in shanghai due to various reasons in the early. However, with the growth of trade in shanghai and the stability of the domestic environment, Shanxi Piaohao opened the semicolons and started in financial activities at the end of the 1860s.The Sino-japanese war of 1894 as a dividing line, the business object of shanghai Piaohao changed. The remittance of Shanghai Piaohao mainly was commercial before the Sino-japanese war of 1894 and the one was national remittance after the Sino-japanese war of 1894. This change made the business of Shanghai increase and reached its peak at the same time. Although tranfering national remittance made the business of Shanghai Piaohao increase dramatically, but it also sow the seeds for its decline.After the Sino-Japanese war of 1894 and the Boxer Rebellion,Shanxi Piaohao in Shanghai obtained greater development on business because of transferring a lot of indemnity, but Shanxi Piaohao own operation mechanism and the influence of external environment especially the revolution of 1911 accelerated the decline of Shanghai semicolons, which including the internal and external reasons. Except the individual semicolon can adjust, most of the semicolon went bankruptcy one after another, at this point Shanxi Piaohao withdrew from the historical stage of Shanghai.