Bill Circulation And Financial Development

The bill is a kind of the credit tool produced with the development of economy, and it is an important content in the modern economic and financial activity. In modern China, the bill was used by banking and native bank for social economy, it circulated extensively with the development of modern Chinese economy. While the clearing system which served the bill's clearing was developing and improving continually and made greater achievement and became an important content of modern China's financial system innovation and the credit institutional improvement.This text regards Shanghai as the research center mainly and analyze the issue and circulation of promissory note, draft, check respectively for which were the main bill used by banking and native bank in modern Shanghai, among them take the promissory note of native bank as the core. In addition this text give a comparatively detailed studying to the development of clearing system of modern China and analysis it's effects.