A History Of Modern Shanghai Banking The Rise And Decline Of Chinas Financial Capitalism

Author : Ji Zhaojin
Publisher : Routledge
ISBN 13 : 131747807X
Total Pages : 320 pages
Book Rating : 4.72/5 ( download)

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Download or read book A History of Modern Shanghai Banking: The Rise and Decline of China's Financial Capitalism written by Ji Zhaojin and published by Routledge. This book was released on 2016-07-08 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the center of capitalism in China, Shanghai banking provides a unique perspective for assessing the impact of the changes from financial capitalism to socialist planning banking in the early 1950s, and for evaluating the reform of China's banking system since the 1980s. This book offers a comprehensive history of Shanghai banking and capital markets from 1842 to 1952, and illustrates the non-financial elements that contributed to the revolutionary social and financial changes since the 1950s, as well as financial experiences that are significant to China's economic development today. The book describes the rise and fall of China's traditional native banks, the establishment of foreign banks, and the creation of modern state banks, while focusing on the colorful world of banking, finance, and international relations in modern Shanghai. It assesses the Chinese government's intervention in banking and finance during the Qing dynasty and the Republican era, as well as the concept of state capitalism after the establishment of the People's Republic. The author examines various modern-style Chinese banks through fascinating stories of Shanghai bankers. In addition, she provides detailed coverage of market-oriented international trade, banking associations, the conflicts between state and society, the government involvement in business, the management of foreign exchange, joint venture banks, wartime banking and finance, hyperinflation, corruption, and banking nationalization.

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ISBN 13 :
Total Pages : pages
Book Rating : 4.04/5 ( download)

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Download or read book History of Modern Shanghai Banking written by and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Andrew Collier
Publisher : Springer
ISBN 13 : 9811029962
Total Pages : 205 pages
Book Rating : 4.67/5 ( download)

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Download or read book Shadow Banking and the Rise of Capitalism in China written by Andrew Collier and published by Springer. This book was released on 2017-04-13 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about the growth of shadow banking in China and the rise of China’s free markets. Shadow Banking refers to capital that is distributed outside the formal banking system, including everything from Mom and Pop lending shops to online credit to giant state owned banks called Trusts. They have grown from a fraction of the economy ten years ago to nearly half of all China’s annual Rmb 25 trillion ($4.1 trillion) in lending in the economy today. Shadow Banks are a new aspect of capitalism in China – barely regulated, highly risky, yet tolerated by Beijing. They have been permitted to flourish because many companies cannot get access to formal bank loans. It is the Wild West of banking in China. If we define capitalism as economic activity controlled by the private sector, then Shadow Banking is still in a hybrid stage, a halfway house between the state and the private economic. But it is precisely this divide that makes Shadow Banking an important to the rise of capitalism. How Beijing handles this large free market will say a lot about how the country’s economy will grow – will free markets be granted greater leeway?

Author : James Stent
Publisher : Oxford University Press
ISBN 13 : 019049705X
Total Pages : 272 pages
Book Rating : 4.57/5 ( download)

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Download or read book China's Banking Transformation written by James Stent and published by Oxford University Press. This book was released on 2016-11-01 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this timely and provocative book, James Stent, a banker with decades of experience in Asian banking and fluency in Chinese language, explains how Chinese banks work, analyzes their strengths and weaknesses, and sets forth the challenges they face in a slowing economy. Without minimizing the real issues Chinese banks face, China's Banking Transformation challenges negative media accounts and reports of "China bears". Based on his 13 years of service on the boards of China Minsheng Bank, a privately owned listed bank, and China Everbright Bank, a state-controlled listed bank, the author brings the informed view of an insider to the reality of Chinese banking. China's Banking Transformation demonstrates that Chinese banks have transformed into modern, well-run commercial banks, playing a vital role supporting China's extraordinary economic growth. Acknowledging that China's banks are different from Western banks, the author explains that they are hybrid banks, borrowing extensively from Western models, but at the same time operating within a traditional Chinese cultural framework and in line with China's governance model. From his personal experience working at board level, Stent describes the governance and management of China's banks, including the role of the Communist Party. He sees China's banks as embedded in ancient concepts of how government and society work in China, and also as actors within a market socialist political economy. The Chinese banking system today bears similarities with banking in Northeast Asian "developmental states" of recent past, and also pre-1949 Chinese banking. As the first account of Chinese banking by a Westerner who has worked in China's banks, China's Banking Transformation should be read by anyone interested in the political economy of contemporary China, in Asian development issues, and in banking issues generally. The book dispels misconceptions and provides insight into the financial aspects of China's economic growth story.

Author : Linsun Cheng
Publisher : Cambridge University Press
ISBN 13 : 9780521811422
Total Pages : 314 pages
Book Rating : 4.22/5 ( download)

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Download or read book Banking in Modern China written by Linsun Cheng and published by Cambridge University Press. This book was released on 2003-03-06 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first book to document in English the evolution of modern Chinese banking, from the establishment in 1897 of the first Chinese bank along a Western model, to the abrupt interruption of professional banking by the Japanese invasion in 1937. Drawing from original documents of major Chinese banks, Linsun Cheng explains how and why the banks were able, despite a succession of foreign and domestic crises, to grow into viable and self-sustaining institutions in China. Rich with new, unpublished historical details, this book offers an original, comprehensive narrative of the origins and growth of professional banks.

Author : Wen-hsin Yeh
Publisher : Univ of California Press
ISBN 13 : 0520258177
Total Pages : 336 pages
Book Rating : 4.74/5 ( download)

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Download or read book Shanghai Splendor written by Wen-hsin Yeh and published by Univ of California Press. This book was released on 2008 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: "What a fine and illuminating book! Shanghai Splendor is an important and captivating work of scholarship."—David Strand, author of Rickshaw Beijing: City People and Politics in the 1920s "This in an outstanding work. Although Shanghai has been among the most popular subjects for scholars in modern Chinese studies, one has yet to see a project as impressive as this. Yeh tells a most fascinating story."—David Der-wei Wang, author of The Monster That Is History: History, Violence, and Fictional Writing in 20th Century China

Author : Luman Wang
Publisher : Routledge
ISBN 13 : 1000194280
Total Pages : 198 pages
Book Rating : 4.89/5 ( download)

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Download or read book Chinese Hinterland Capitalism and Shanxi Piaohao written by Luman Wang and published by Routledge. This book was released on 2020-09-21 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines Shanxi piaohao—private financiers from the Chinese hinterland—in the economic and business history of late imperial China, forming the original theory of Chinese hinterland capitalism. Deepening the existing understanding of capitalist dynamics at work in the families and financial institutions of late imperial China, the book foregrounds the expansionist role played by Shanxi piaohao in transforming China’s market and trade from an agrarian empire to a modern nation state. In a departure for economic history, it also focuses on the histories of the people and their lifeworlds behind financial institutions, which have previously been erased by universal capitalist narratives. Persistent binary oppositions between coastal areas and hinterland; state and market; and institutions and families are each transcended in recounting the local histories of global capital in the marginalized countryside and borderlands of China. Based on a wealth of archival material and correspondence with Shanxi piaohao offices and branches, Chinese Hinterland Capitalism and Shanxi Piaohao will appeal to students and scholars of Chinese and economic history, anthropology, and postcolonial studies more generally.

Author : Richard Vague
Publisher : University of Pennsylvania Press
ISBN 13 : 0812296613
Total Pages : 240 pages
Book Rating : 4.17/5 ( download)

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Download or read book A Brief History of Doom written by Richard Vague and published by University of Pennsylvania Press. This book was released on 2019-03-25 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial crises happen time and again in post-industrial economies—and they are extraordinarily damaging. Building on insights gleaned from many years of work in the banking industry and drawing on a vast trove of data, Richard Vague argues that such crises follow a pattern that makes them both predictable and avoidable. A Brief History of Doom examines a series of major crises over the past 200 years in the United States, Great Britain, Germany, France, Japan, and China—including the Great Depression and the economic meltdown of 2008. Vague demonstrates that the over-accumulation of private debt does a better job than any other variable of explaining and predicting financial crises. In a series of clear and gripping chapters, he shows that in each case the rapid growth of loans produced widespread overcapacity, which then led to the spread of bad loans and bank failures. This cycle, according to Vague, is the essence of financial crises and the script they invariably follow. The story of financial crisis is fundamentally the story of private debt and runaway lending. Convinced that we have it within our power to break the cycle, Vague provides the tools to enable politicians, bankers, and private citizens to recognize and respond to the danger signs before it begins again.

Author : Ray T. Hartman
Publisher : Rowman & Littlefield
ISBN 13 : 1666916854
Total Pages : 291 pages
Book Rating : 4.50/5 ( download)

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Download or read book Self-reflections of Fears and Dreams written by Ray T. Hartman and published by Rowman & Littlefield. This book was released on 2023 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ray Hartman provides an intellectual history of Chinese legitimacy as it was understood by the young Chinese Communist Party (CCP). Providing insights into CCP leaders' self-perceptions regarding their own legitimacy, he shows how that conception dictated the Party's policies regarding the people's welfare, the economy, and military strategy.

Author : Ghassan Moazzin
Publisher : Cambridge University Press
ISBN 13 : 100903698X
Total Pages : 355 pages
Book Rating : 4.86/5 ( download)

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Download or read book Foreign Banks and Global Finance in Modern China written by Ghassan Moazzin and published by Cambridge University Press. This book was released on 2022-07-07 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this wide-ranging study, Ghassan Moazzin sheds critical new light on the history of foreign banks in late nineteenth and early twentieth century China, a time that saw a substantial influx of foreign financial institutions into China and a rapid increase of both China's foreign trade and its interactions with international capital markets. Drawing on a broad range of German, English, Japanese and Chinese primary sources, including business records, government documents and personal papers, Moazzin reconstructs how during this period foreign banks facilitated China's financial integration into the first global economy and provided the financial infrastructure required for modern economic globalization in China. Foreign Banks and Global Finance in Modern China shows the key role international finance and foreign banks and capital markets played at important turning points in modern Chinese history.