Post Tagged with: "financial institution"

Stock Markets (Gǔpiào shìchǎng 股票市场)

Shanghai is the largest, both in number of companies listed and in market capitalization, of the three stock exchanges most important to Chinese companies. Hong Kong is the oldest but now second to Shanghai in size. Shenzhen, the newest and smallest of the three exchanges, focuses on small- to medium-tier companies that are often state-owned. All three exchanges have suffered […]

by · 22 January 2012 · Comments are Disabled · Berkshire Encyclopedia of China, Business and Economy, Organization
Banking—Modern (Dāngdài Zhōngguó yínhángyè 当代中国银行业)

Banking—Modern (Dāngdài Zhōngguó yínhángyè 当代中国银行业)

Scott ELDRIDGE II and Wendell ANDERSON Bank of China branch in the old Peking (Beijing) Hotel, 1980. Foreigners exchange their money for Chinese currency, in that year called Foreign Exchange Certificates. PHOTO BY JOAN LEBOLD COHEN. China’s modern banking system emerged from an era in which foreign banks were dominant, developed with little government control to become state-run, and underwent […]

by · 22 January 2012 · Comments are Disabled · Berkshire Encyclopedia of China, Business and Economy, System

Chinese Construction Bank (Zhōngguó Jiànshè Yínháng 中国建设银行)

Wenxian ZHANG Originally known as the “People’s Construction Bank of China,” the Chinese Construction Bank (CCB) is one of the big four banks in the People’s Republic of China (PRC) and has been making significant contributions to Chinese economic development for more than half a century, including the financing of such controversial projects as Three Gorges Dam construction. Founded on […]

by · 22 January 2012 · Comments are Disabled · Berkshire Encyclopedia of China, Business and Economy, Organization

World Trade Organization (Shìjiè Màoyì Zǔzhī 世界贸易组织)

Curtis ANDRESSEN China joined the World Trade Organization in 2001 after years of negotiation. The country had been keen to join the WTO given that China’s economy is now highly dependent on foreign resources and markets. Joining the WTO is also a mechanism for forcing change on outdated state-owned enterprises in China. China joined the World Trade Organization (WTO) on […]

by · 22 January 2012 · Comments are Disabled · Berkshire Encyclopedia of China, Business and Economy, Organization
Hongkong and Shanghai Banking Corporation (HSBC) (Xiānggǎng-Shànghǎi Huìfēng Yínháng 香港上海汇丰银行)

Hongkong and Shanghai Banking Corporation (HSBC) (Xiānggǎng-Shànghǎi Huìfēng Yínháng 香港上海汇丰银行)

JI Zhaojin The Hongkong and Shanghai Banking Corporation headquarters in Shanghai. The building is the centerpiece of the Bund, Shanghai’s famous waterside promenade. The Hongkong (spelled as one word) and Shanghai Banking Corporation has been a leading foreign bank in China since 1865. HSBC was a quasi-official bank during the later Qing dynasty and lent money to the Qing government […]

by · 22 January 2012 · Comments are Disabled · Berkshire Encyclopedia of China, Business and Economy, Organization
Yokohama Specie Bank (Héngbīn Zhèngjīn Yínháng 横滨正金银行)

Yokohama Specie Bank (Héngbīn Zhèngjīn Yínháng 横滨正金银行)

JI Zhaojin The Dalian Branch of the Yokohama Specie Bank. Photo taken around 1915. The Yokahama Specie Bank Limited originally was a private commercial bank which became a Japanese official overseas bank in the 1890s. The bank issued and circulated Japanese military notes during Sino-Japanese war periods, and was closed in 1945 after World War II. The Yokohama Specie Bank […]

by · 22 January 2012 · Comments are Disabled · Berkshire Encyclopedia of China, Business and Economy, Organization
Qianzhuang (Qiánzhuāng 钱庄)

Qianzhuang (Qiánzhuāng 钱庄)

JI Zhaojin A man carries coins on a string attached to a walking stick, while a little boy carries a wrapped bundle. They could be on their way to deposit money with the local qianzhuang. From the Book of Jen Wu, an historic painting instruction manual. The role of the qianzhuang, a traditional Chinese banking institution, evolved to a position […]

by · 22 January 2012 · Comments are Disabled · Berkshire Encyclopedia of China, Business and Economy, System
Pawnshops (Diǎndàngháng 典当行)

Pawnshops (Diǎndàngháng 典当行)

JI Zhaojin A detail of Peace Reigns over the River by Zhang Zeduan (eleventh–twelfth century), showing pawnshops, taverns, restaurants, and shops in a bustling city. Pawnshops first appeared in China in the fifth century. Pawnshops in China, in existence since the fifth century, operate as small financial institutions. Their general function is to supply fast cash in exchange for goods […]

by · 22 January 2012 · Comments are Disabled · Berkshire Encyclopedia of China, Business and Economy, System

Southern Three and Northern Four Banks (Nánsānháng hé Běisìháng 南三行和北四行)

JI Zhaojin The Southern Three and Northern Four Banks were the two leading private commercial banking groups during the 1920s and 1930s, the golden age of modern Chinese banking. Both groups adopted a Western banking-management style and helped support China’s modern industrial development until their decline at the outbreak of war with Japan in 1937. The rise of the Southern […]

by · 22 January 2012 · Comments are Disabled · Berkshire Encyclopedia of China, Business and Economy, Organization

Banque de l’Indochine (Dōngfāng Huìlǐ Yínháng 东方汇理银行)

JI Zhaojin Banque de l’Indochine was a French bank established in 1875 in Paris with branches in French colonial properties in South and Southeast Asia. From the later nineteenth and early twentieth centuries, Banque de l’Indochine was prevalent in China’s larger cities, especially in the French concessions of Shanghai and Tianjin, as well as in regions of southern China. Founded […]

by · 22 January 2012 · Comments are Disabled · Berkshire Encyclopedia of China, Business and Economy, Organization