Foreign Banks and Global Finance in Modern China
Banking on the Chinese Frontier, 1870-1919

Explores how foreign banks financially connected modern China to international capital markets and the global economy.

Ghassan Moazzin (Author)

9781316517031, Cambridge University Press

Hardback, published 7 July 2022

352 pages
23.4 x 15.6 x 2.3 cm, 0.63 kg

'An important and original book.' Hubert Bonin, EH.Net

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.

List of Figures
List of Tables
Acknowledgements
Notes and Conventions
List of Abbreviations
Introduction
1. A German bank in China: early contact of German bankers with China from the 1870s to the 1880s
2. Entering the Chinese banking sector: foreign banks on the Chinese frontier
3. Chinese bonds for European investors: the indemnity loans and the internationalisation of Chinese public finance, 1895–1898
4. Railway dreams: German bankers and Chinese railway development, 1895–1910
5. Global markets, international finance and the 1911 revolution in China
6. Disentanglement and liquidation: German bankers and the first world war in China
Conclusion
Appendices
Bibliography
Index.

Subject Areas: Economic history [KCZ], Economic growth [KCG], Industrialisation & industrial history [HBTK], Modern history to 20th century: c 1700 to c 1900 [HBLL], Asian history [HBJF]