The Chinese Soviet Republic National Bank was a bank established by the

Chinese Communist Party The Chinese Communist Party (CCP), officially the Communist Party of China (CPC), is the founding and One-party state, sole ruling party of the China, People's Republic of China (PRC). Under the leadership of Mao Zedong, the CCP emerged victoriou ...

-controlled

Chinese Soviet Republic The Chinese Soviet Republic (CSR) was an East Asian proto-state in China, proclaimed on 7 November 1931 by Chinese communist leaders Mao Zedong and Zhu De in the early stages of the Chinese Civil War. The discontiguous territories of the CSR ...

in the

Republic of China Taiwan, officially the Republic of China (ROC), is a country in East Asia, at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the northeast ...

. Its governor was

Mao Zemin Mao Zemin (; April 3, 1896 – September 27, 1943), also using Zhou Bin () as his alias, was born in Xiangtan, Hunan province. He was the head of the state bank of the Chinese Soviet Republic in Ruijin and also the Minister of National Econo ...

, the younger brother of

Mao Zedong Mao Zedong pronounced ; also romanised traditionally as Mao Tse-tung. (26 December 1893 – 9 September 1976), also known as Chairman Mao, was a Chinese communist revolutionary who was the founder of the People's Republic of China (PRC) ...

. It was involved in providing

mortgage A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any pu ...

, loaning, saving, billing, and

government bond A government bond or sovereign bond is a form of bond issued by a government to support public spending. It generally includes a commitment to pay periodic interest, called coupon payments'','' and to repay the face value on the maturity date ...

services, and was responsible for issuing banknotes and coins in the CCP's controlled territory from 1932 to 1937.

History

The bank was established in

Ruijin Ruijin () is a county-level city of Ganzhou in the mountains bordering Fujian Province in the south-eastern part of Jiangxi Province. Formerly a county, Ruijin became a county-level city on May 18, 1994. It was an early center of Chinese commun ...

Jiangxi Jiangxi (; ; formerly romanized as Kiangsi or Chianghsi) is a landlocked province in the east of the People's Republic of China. Its major cities include Nanchang and Jiujiang. Spanning from the banks of the Yangtze river in the north int ...

, on 1 February 1932. From 1935 to 1936 it was gradually moved to

Shanbei Shaanbei () or Northern Shaanxi is the portion of China's Shaanxi province north of the Huanglong Mountain and the Meridian Ridge (the so-called "Guanzhong north mountains"), and is both a geographic as well as a cultural area. It makes up the so ...

along with the

Red Army The Workers' and Peasants' Red Army (Russian: Рабо́че-крестья́нская Кра́сная армия),) often shortened to the Red Army, was the army and air force of the Russian Soviet Federative Socialist Republic and, after ...

and renamed to the Chinese Soviet Republic National Bank – Northwest Branch. Following the creation of the

Second United Front The Second United Front ( zh, t=第二次國共合作 , s=第二次国共合作 , first=t ) was the alliance between the ruling Kuomintang (KMT) and the Chinese Communist Party (CCP) to resist the Japanese invasion of China during the Seco ...

and the dissolution of the CSR in the aftermath of the

Sian Incident The Xi'an Incident, previously romanized as the Sian Incident, was a political crisis that took place in Xi'an, Shaanxi Shaanxi (alternatively Shensi, see #Name, § Name) is a landlocked Provinces of China, province of China. Officially p ...

, the bank was renamed to the Shensi-Kansu-Ninghsia Border Area Bank in 1937.THE MONEY OF COMMUNIIST CHINA (1927–1949)
/ref>

References

{{Reflist, colwidth=30em Defunct banks of China Banks established in 1932 1937 disestablishments History of the Chinese Communist Party Jiangxi Chinese Soviet Republic