Tag Archives: 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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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