|
Piaohao
Piaohao (Traditional Chinese: , literally 'draft banks'), also known as (), (), or (), in Mandarin Chinese, or '' Shanxi banks'' () or ''Shansi banks'' in English, were a type of bank that existed in China during the Qing dynasty until approximately 1952. The were started by merchants from the province of Shanxi who were often originally engaged in other businesses before they entered finance. The were mostly active in northern China while the '' qianzhuang'' were mostly active in the south. The continued to be the dominant financial institutions of China until 1900 when more modern commercial banks started being created by both the imperial and provincial governments, and the benefitted more from their close ties with foreign banks operating in Chinese treaty ports. During their heyday the had over 400 branches operating across the territory of the Qing dynasty and branches in other countries like Japan, Korea, Russia, India, and Singapore. After 1912 practically al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Qianzhuang
Qianzhuang () were local independent Chinese banks in the early modern period, as distinguished from the nation-wide bank networks headquartered in Shanxi province called the " Shanxi banks" (票號, ''piaohao''). Also known by a variety of regional names, such as ''qiansi'' (錢肆), ''qianpu'' (錢鋪), ''yinhao'' (銀號), ''duihuan qianzhuang'' (兌換錢莊), ''qiandian'' (錢店), ''qianzhuo'' (錢桌), ''duidian'' (兌店), ''qianju'' (錢局), ''yinju'' (銀局), or ''yinpu'' (銀鋪) in Mandarin Chinese, and translated as ''money shops'', ''native banks'', ''private Chinese banks'', or ''old-style banks'' in English, ''qianzhuang'' banks first sprung up during the Ming dynasty but greatly expanded during the Qing dynasty. Unlike the Shanxi banks, the ''qianzhuang'' tended to have much more risky business practices. These institutions first appeared in the Yangzi Delta region, in Shanghai, Ningbo, and Shaoxing. The first ''qianzhuang'' can be traced to at least the mid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shanxi Merchants
Shanxi merchants, also known as Jin merchants (), were the group of merchants from Shanxi province, China. ''Jin'' is an abbreviated name of Shanxi. Even though the history of noticeable Shanxi merchants can be dated back to as early as the Spring and Autumn Period, more than 2000 years ago, Shanxi merchants became prominent during the Ming and Qing dynasties, and their dominant influence in Chinese commerce, within the nation and with neighboring Mongolia, Russia, and Japan, lasted for more than 500 years. The Shanxi merchants also operated an early Chinese type of draft bank known as the ''piaohao''; these were the dominant form of banks in China until the fall of the Qing dynasty in 1911. History Shanxi merchants were among the earliest Chinese businessmen and their history could be traced back to the Spring and Autumn Period and the Warring States period. Southern Shanxi first came into commercial prominence due to its proximity to the political and cultural centers of ancien ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shanxi
Shanxi (; ; formerly romanised as Shansi) is a landlocked province of the People's Republic of China and is part of the North China region. The capital and largest city of the province is Taiyuan, while its next most populated prefecture-level cities are Changzhi and Datong. Its one-character abbreviation is "" (), after the state of Jin that existed there during the Spring and Autumn period. The name ''Shanxi'' means "West of the Mountains", a reference to the province's location west of the Taihang Mountains. Shanxi borders Hebei to the east, Henan to the south, Shaanxi to the west and Inner Mongolia to the north. Shanxi's terrain is characterised by a plateau bounded partly by mountain ranges. Shanxi's culture is largely dominated by the ethnic Han majority, who make up over 99% of its population. Jin Chinese is considered by some linguists to be a distinct language from Mandarin and its geographical range covers most of Shanxi. Both Jin and Mandarin are spoken in Shanx ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationalised
Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or to assets owned by lower levels of government (such as municipalities) being transferred to the state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization. Industries often subject to nationalization include the commanding heights of the economy – telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water – though, in many jurisdictions, many such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sole Proprietorship
A sole proprietorship, also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by one person and in which there is no legal distinction between the owner and the business entity. A sole trader does not necessarily work alone and may employ other people. The sole trader receives all profits (subject to taxation specific to the business) and has unlimited responsibility for all losses and debts. Every asset of the business is owned by the proprietor, and all debts of the business are that of the proprietor. It is a "sole" proprietorship in contrast with a partnership, which has at least two owners. Sole proprietors may use a trade name or business name other than their or its legal name. They may have to trademark their business name legally if it differs from their own legal name, with the process varying depending upon country of residence. Advantages and disadvantages Registration of a business name for a sole propri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Partnership
A partnership is an arrangement where parties, known as business partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations. Organizations may partner to increase the likelihood of each achieving their mission and to amplify their reach. A partnership may result in issuing and holding equity or may be only governed by a contract. History Partnerships have a long history; they were already in use in medieval times in Europe and in the Middle East. According to a 2006 article, the first partnership was implemented in 1383 by Francesco di Marco Datini, a merchant of Prato and Florence. The Covoni company (1336-40) and the Del Buono-Bencivenni company (1336-40) have also been referred to as early partnerships, but they were not formal partnerships. In Europe, the partnerships contributed to the Commercial Revolution which started in the 13th centur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unlimited Liability
An unlimited company or private unlimited company is a hybrid company (corporation) incorporated with or without a share capital (and similar to its limited company counterpart) but where the legal liability of the members or shareholders is not limited: that is, its members or shareholders have a joint and several non-limited obligation to meet any insufficiency in the assets of the company to enable settlement of any outstanding financial liability in the event of the company's formal liquidation. Characteristics The joint and several non-limited liability of the members or shareholders of such an unlimited company to meet any insufficiency in the assets of the company (to settle its outstanding liabilities if any exist) applies only upon the formal liquidation of the company. Therefore, prior to any such formal liquidation of the company, any creditors or security holders of the company may have recourse only to the assets of the company, not those of its members or sharehol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taiping Rebellion
The Taiping Rebellion, also known as the Taiping Civil War or the Taiping Revolution, was a massive rebellion and civil war that was waged in China between the Manchu-led Qing dynasty and the Han, Hakka-led Taiping Heavenly Kingdom. It lasted from 1850 to 1864, although following the fall of Tianjing (now Nanjing) the last rebel army was not wiped out until August 1871. After fighting the bloodiest civil war in world history, with over 20 million dead, the established Qing government won decisively, although at a great price to its fiscal and political structure. The uprising was commanded by Hong Xiuquan, an ethnic Hakka (a Han subgroup) and the self-proclaimed brother of Jesus Christ. Its goals were religious, nationalist, and political in nature; Hong sought the conversion of the Han people to the Taiping's syncretic version of Christianity, to overthrow the Qing dynasty, and a state transformation. Rather than supplanting the ruling class, the Taipings sought to upend the m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London School Of Economics And Political Science
, mottoeng = To understand the causes of things , established = , type = Public research university , endowment = £240.8 million (2021) , budget = £391.1 million (2020–21) , chair = Susan Liautaud , chancellor = The Princess Royal(as Chancellor of the University of London) , director = The Baroness Shafik , head_label = Visitor , head = Penny Mordaunt(as Lord President of the Council ''ex officio'') , students = () , undergrad = () , postgrad = () , city = London , country = United Kingdom , coor = , campus = Urban , free_label = Newspaper , free = '' The Beaver'' , free_label2 = Printing house , free2 = LSE Press , colou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shanghai
Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flowing through it. With a population of 24.89 million as of 2021, Shanghai is the most populous urban area in China with 39,300,000 inhabitants living in the Shanghai metropolitan area, the second most populous city proper in the world (after Chongqing) and the only city in East Asia with a GDP greater than its corresponding capital. Shanghai ranks second among the administrative divisions of Mainland China in human development index (after Beijing). As of 2018, the Greater Shanghai metropolitan area was estimated to produce a gross metropolitan product (nominal) of nearly 9.1 trillion RMB ($1.33 trillion), exceeding that of Mexico with GDP of $1.22 trillion, the 15th largest in the world. Shanghai is one of the world's major centers for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republic Of China (1912–1949)
The Republic of China (ROC), between 1912 and 1949, was a sovereign state recognised as the official designation of China when it was based on Mainland China, prior to the Retreat of the government of the Republic of China to Taiwan, relocation of Government of the Republic of China, its central government to Taiwan as a result of the Chinese Civil War. At a Population history of China, population of 541 million in 1949, it was the List of countries and dependencies by population, world's most populous country. Covering , it consisted of 35 provinces of China, provinces, 1 Special administrative regions of China#ROC special administrative regions, special administrative region, 2 regions, 12 special municipality (Republic of China), special municipalities, 14 leagues, and 4 special banners. The China, People's Republic of China (PRC), which rules mainland China today, considers ROC as a country that ceased to exist since 1949; thus, the history of ROC before 1949 is often ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
