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China Consortium
The China Consortium, also referred to as banking consortium or financial consortium or four-, five-, or six-power consortium depending on context, refers to two successive cooperative arrangements formed by foreign banks under their respective governments' directions in the early 20th century, to coordinate lending to the Chinese government. These initiatives were resented by Chinese nationalists and later similarly criticized by Chinese Communists, as instruments of colonialism wielded by Western nations and Japan. First China Consortium Background The emergence of the "old" China Consortium in 1909–1910 happened in the context of Qing dynasty China's need for external financing, because of its need to pay war damages under the Treaty of Shimonoseki of 1895 (200 million taels) and Boxer Protocol of 1901 (450 million taels), and with the scramble for railway concessions in the late 19th and early 20th centuries. The context was further framed by the British-French Entente Cord ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Imperial Chinese Government 5 % Hukuang Railways Gold Loan 1911
Imperial is that which relates to an empire, emperor, or imperialism. Imperial or The Imperial may also refer to: Places United States * Imperial, California * Imperial, Missouri * Imperial, Nebraska * Imperial, Pennsylvania * Imperial, Texas * Imperial, West Virginia * Imperial, Virginia * Imperial County, California * Imperial Valley, California * Imperial Beach, California Elsewhere * Imperial (Madrid), an administrative neighborhood in Spain * Imperial, Saskatchewan, a town in Canada Buildings * Imperial Apartments, a building in Brooklyn, New York * Imperial City, Huế, a palace in Huế, Vietnam * Imperial Palace (other) * Imperial Towers, a group of lighthouses on Lake Huron, Canada * The Imperial (Mumbai), a skyscraper apartment complex in India Animals and plants * ''Cheritra'' or imperial, a genus of butterfly Architecture, design, and fashion * Imperial, a luggage case for the top of a coach * Imperial, the top, roof or second-storey compartment of a coa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HSBC
HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA), respectively. HSBC traces its origin to a hong in British Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991; its name derives from that company's initials. The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and was first formally incorporated in 1866. HSBC has offices in 64 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 40 million customers. As of 2022, it was ranked no. 38 in the world in the Forbes rankings of large companies ranked by sales, profits ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Franz Urbig
Franz Urbig (23 January 1864 – 28 September 1944) was a German banker. He joined the Disconto-Gesellschaft as a trainee on 15 July 1884 and built much of his career and reputation within this bank in Southeast Asia during the final part of the nineteenth century. Between 1902 and 1929, when the bank merged with the larger Deutsche Bank, he was a partner in the Disconto-Gesellschaft. Between 1930 and his death in 1944 he was chairman of the supervisory board at the enlarged Deutsche Bank. His long career was not without controversy. After he died the Villa Urbig, the large family home on the western edge of Berlin which he had commissioned in 1915 and which had been designed by Ludwig Mies van der Rohe, brought Urbig enhanced posthumous publicity in the English-speaking world of a kind he cannot have anticipated. It became the setting for some of the most carefully staged and widely viewed press photographs of the post-war period. During the first part of 1945 survivin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Stewart Addis
Sir Charles Stewart Addis KCMG (23 November 1861 – 14 December 1945) was a Scottish banker. Early life Addis was born on 23 November 1861 at Edinburgh, Scotland. He was the son of Robina Scott ( Thorburn) Addis and the Rev. Thomas Addis, a minister of the Free Church of Scotland.Townend, Peter. ''Burke's Genealogical and Heraldic History of the Landed Gentry, 18th edition. 3 volumes''. London, England: Burke's Peerage Ltd, 1965-1972. He was educated at Edinburgh Academy in Edinburgh. Career Between 1876 and 1880, Addis worked for Peter Dowie and Co., Grain Importers of Leith. Beginning in 1880, he worked with The Hongkong and Shanghai Banking Corporation and continued with them until his retirement in 1933. In 1883 he was posted to Singapore, then to the HSBC head office in Hong Kong He was director of the Bank of England between 1918 and 1932. He was appointed Knight Bachelor The title of Knight Bachelor is the basic rank granted to a man who has been knighted by the m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sir Carl Meyer, 1st Baronet
Sir Carl Ferdinand Meyer, 1st Baronet (23 December 1851 – 18 December 1922) was a British banker and mining magnate. Personal life Meyer was born in Hamburg, Germany, in a Jewish family, the second son of Siegmund Meyer and Elise Rosa, née Hahn, daughter of Reuben Hahn. He became a naturalised British subject in 1877. In 1883 he married Adèle Levis, daughter of Julius Levis of Hampstead by which he had a son Frank Cecil Meyer and a daughter. Adèle Levis was the subject of the portrait ''Mrs. Carl Meyer and her Children'', 1896, by John Singer Sargent. Career Meyer worked at first for the Rothschild family as their chief clerk and negotiator with the De Beers mining group. He then went on to work for De Beers and became deputy chairman of the company. He was also governor of the National Bank of Egypt, and member of the board of numerous other mining companies. He was also a board member of the Hong Kong and Shanghai Bank (HSBC). He was given the title of baronet in 191 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dollar Diplomacy
Dollar diplomacy of the United States, particularly during the presidency of William Howard Taft (1909–1913) was a form of American foreign policy to minimize the use or threat of military force and instead further its aims in Latin America and East Asia through the use of its economic power by guaranteeing loans made to foreign countries. In his message to Congress on 3 December 1912, Taft summarized the policy of Dollar diplomacy: :The diplomacy of the present administration has sought to respond to modern ideas of commercial intercourse. This policy has been characterized as substituting dollars for bullets. It is one that appeals alike to idealistic humanitarian sentiments, to the dictates of sound policy and strategy, and to legitimate commercial aims. Dollar diplomacy was not new, as the use of diplomacy to promote commercial interest dates from the early years of the Republic. However, under Taft, the State Department was more active than ever in encouraging and supporti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Open Door Policy
The Open Door Policy () is the United States diplomatic policy established in the late 19th and early 20th century that called for a system of equal trade and investment and to guarantee the territorial integrity of Qing China. The policy was enunciated in US Secretary of State John Hay's Open Door Note, dated September 6, 1899 and circulated to the major European powers. In order to prevent them from "carving of China like a melon," as they were doing in Africa, the Note asked the powers to keep China open to trade with all countries on an equal basis and called upon all powers, within their spheres of influence to refrain from interfering with any treaty port or any vested interest, to permit Chinese authorities to collect tariffs on an equal basis, and to show no favors to their own nationals in the matter of harbor dues or railroad charges. The policy was accepted only grudgingly, if at all, by the major powers, and it had no legal standing or enforcement mechanism. In J ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Howard Taft
William Howard Taft (September 15, 1857March 8, 1930) was the 27th president of the United States (1909–1913) and the tenth chief justice of the United States (1921–1930), the only person to have held both offices. Taft was elected president in 1908, the chosen successor of Theodore Roosevelt, but was defeated for reelection in 1912 by Woodrow Wilson after Roosevelt split the Republican vote by running as a third-party candidate. In 1921, President Warren G. Harding appointed Taft to be chief justice, a position he held until a month before his death. Taft was born in Cincinnati, Ohio, in 1857. His father, Alphonso Taft, was a U.S. attorney general and secretary of war. Taft attended Yale and joined the Skull and Bones, of which his father was a founding member. After becoming a lawyer, Taft was appointed a judge while still in his twenties. He continued a rapid rise, being named solicitor general and a judge of the Sixth Circuit Court of Appeals. In 1901, President ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsch-Asiatische Bank
Deutsch-Asiatische Bank (DAB) () was a foreign bank in China. Its principal activity was trade financing, but together with English and French banks, it also played a role in the underwriting of bonds for the Chinese government and in the financing of railway construction in China. History Deutsche-Asiatische Bank was founded in Shanghai on 12 February 1889 with the participation of Deutsche Bank, one of the largest banks in Germany. At the time, it was the first large non-British bank to enter the Chinese market. It set up branches in Calcutta (1895), Tianjin (1890), Hankou (1897), Qingdao (1897), Hong Kong (1900), Yokohama (1905), Kobe (1906), Singapore (1906), Beijing (1910), Guangzhou (1910) and Jinan (1914). Until World War I, it developed a cooperative relationship with the Hong Kong and Shanghai Banking Corporation against encroachments by competing foreign banks from France, Japan and Russia. In 1906, the bank received the concession to issue its own banknotes in China ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yangtze
The Yangtze or Yangzi ( or ; ) is the longest river in Asia, the third-longest in the world, and the longest in the world to flow entirely within one country. It rises at Jari Hill in the Tanggula Mountains (Tibetan Plateau) and flows in a generally easterly direction to the East China Sea. It is the seventh-largest river by discharge volume in the world. Its drainage basin comprises one-fifth of the land area of China, and is home to nearly one-third of the country's population. The Yangtze has played a major role in the history, culture, and economy of China. For thousands of years, the river has been used for water, irrigation, sanitation, transportation, industry, boundary-marking, and war. The prosperous Yangtze Delta generates as much as 20% of historical GDP of China, China's GDP. The Three Gorges Dam on the Yangtze is the list of the largest hydroelectric power stations, largest hydro-electric power station in the world that is in use. In mid-2014, the Chine ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Huguang
Huguang was a province of China during the Yuan and Ming dynasties. It was founded by the Yuan dynasty in 1274. During the Yuan dynasty it included the areas of modern Hubei south of the Yangtze river, Hunan, Guizhou, and Guangxi. During the Ming dynasty it came to include just the modern provinces of Hubei and Hunan, in the process adding areas north of the Yangtze. It was partitioned in 1644 by the newly established Qing dynasty, becoming the provinces of Hubei and Hunan, which were administered by the viceroy of Lianghu ("The Two Lake Provinces"). Governors Li Hongzhang was the viceroy of Huguang from 1867 to 1870. Zhang Zhidong became the viceroy of Huguang in 1896, following the First Sino-Japanese War. He was notable for employing foreigners to train and equip the local military to the standards of a contemporary European army. The most elite of Zhang's forces were known as the "Wuchang Division".Bonavia, David. ''China's Warlords''. New York: Oxford University Press. 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zhang Zhidong
Zhang Zhidong () (4 September 18375 October 1909) was a Chinese politician who lived during the late Qing dynasty. Along with Zeng Guofan, Li Hongzhang and Zuo Zongtang, Zhang Zhidong was one of the four most famous officials of the late Qing dynasty. Known for advocating controlled reform and modernization of Chinese troops, he served as the governor of Shanxi Province and viceroy of Huguang, Liangguang and Liangjiang, and also as a member of the Grand Council. He took a leading role in the abolition of the Imperial examination system in 1905. The Red Guards destroyed his tomb in 1966 during the Cultural Revolution. His remains were rediscovered in 2007 and reburied with honors. Other names Zhang Zhidong was also known by other names. An older Wade–Giles form was Chang Chih-tung. His courtesy name was Xiaoda () or Xiangtao (). His pseudonyms were Xiangyan (), Hugong (), Wujing Jushi () and Baobing (). The posthumous name given to him by the Qing government was Wenxiang ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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