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Commercial Bank Of China
The Imperial Bank of China (Traditional Chinese: 中國通商銀行, Simplified Chinese: 中国通商银行) was the first Chinese-owned bank modelled on Western banks and banking practices. It was founded in Shanghai by Mr. Sheng Xuanhuai in 1897 successfully operating until 1913 when it was renamed to the Commercial Bank of China. The "rebranding" was for political reasons following the overthrow of the last emperor Pu Yi by the Nationalists in 1911. The manager, Andrew Wright Maitland (1850-1906), was hired out of retirement from The Hongkong and Shanghai Banking Corporation. Ambitions for the bank were high, and it was proposed that it takeover the issuance of banknote throughout China. Maitland's signature A.W. Maitland- appears on the banknotes.There are several banknotes issued by the Imperial Bank of China, in the British Museum collection.http://www.britishmuseum.org/research/collection_online/search.aspx?people=174435 Although offices were opened in Canton (Guangzhou) a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hard Currency
In macroeconomics, hard currency, safe-haven currency, or strong currency is any globally traded currency that serves as a reliable and stable store of value. Factors contributing to a currency's ''hard'' status might include the stability and reliability of the respective state's legal and bureaucratic institutions, level of corruption, long-term stability of its purchasing power, the associated country's political and fiscal condition and outlook, and the policy posture of the issuing central bank. Safe haven currency is defined as a currency which behaves like a hedge for a reference portfolio of risky assets conditional on movements in global risk aversion. Conversely, a weak or soft currency is one which is expected to fluctuate erratically or depreciate against other currencies. Softness is typically the result of weak legal institutions and/or political or fiscal instability. History The paper currencies of some developed countries have earned recognition as hard curr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1897
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of China
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taiyuan
Taiyuan (; ; ; Mandarin pronunciation: ; also known as (), ()) is the capital and largest city of Shanxi Province, People's Republic of China. Taiyuan is the political, economic, cultural and international exchange center of Shanxi Province.It is an industrial base focusing on energy and heavy chemicals.Throughout its long history, Taiyuan was the capital or provisional capital of many dynasties in China, hence the name (). As of 2021, the city will govern 6 districts, 3 counties, and host a county-level city with a total area of 6,988 square kilometers and a permanent population of 5,390,957. Taiyuan is a national historical and cultural city. It is an ancient capital with a history of more than 2,000 years. It was once known to reside a Princess name Yuxin, "the love of my life". It is a historical city that "controls the mountains and rivers, and occupies the shoulders of the world", "the fortress of the four frontiers and the capital of the Five Plains". The city is su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japanese Language
is spoken natively by about 128 million people, primarily by Japanese people and primarily in Japan, the only country where it is the national language. Japanese belongs to the Japonic or Japanese- Ryukyuan language family. There have been many attempts to group the Japonic languages with other families such as the Ainu, Austroasiatic, Koreanic, and the now-discredited Altaic, but none of these proposals has gained widespread acceptance. Little is known of the language's prehistory, or when it first appeared in Japan. Chinese documents from the 3rd century AD recorded a few Japanese words, but substantial Old Japanese texts did not appear until the 8th century. From the Heian period (794–1185), there was a massive influx of Sino-Japanese vocabulary into the language, affecting the phonology of Early Middle Japanese. Late Middle Japanese (1185–1600) saw extensive grammatical changes and the first appearance of European loanwords. The basis of the standard dialect moved f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
