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China Development Finance Corporation
The China Development Finance Corporation (CDFC, zh, 中國建設銀公司) was an investment company formed in 1934 to facilitate investment in the Republic of China, specifically into infrastructure development and in particular railways. Its main sponsor was Chinese financier and statesman T. V. Soong, acting on ideas formulated by then international financier Jean Monnet during Soong's trip to the United States in May 1933 and Monnet's own stay in China from November 1933. The CDFC quickly became a major access channel for foreign financing of investment in China. From its inception, however, it was undermined by Japanese hostility, and from 1937 by the Second Sino-Japanese War, followed by the Chinese civil war and eventually by expropriation from mainland China in 1949. The CDFC was also limited by its identification with the interests of the family and clientele group around Soong. Formation The first idea of the CDFC emerged from discussions in May 1933 in the United ...
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Development Building In Shanghai
Development or developing may refer to: Arts *Development hell, when a project is stuck in development *Filmmaking, development phase, including finance and budgeting *Development (music), the process thematic material is reshaped * Photographic development * ''Development'' (album), a 2002 album by Nonpoint Business *Business development, a process of growing a business *Career development * Corporate development, a position in a business *Energy development, activities concentrated on obtaining energy from natural resources *Green development, a real estate concept that considers social and environmental impact of development *Land development, altering the landscape in any number of ways * Land development bank, a kind of bank in India *Leadership development *New product development *Organization development *Professional development *Real estate development *Research and development *Training and development * Fundraising, also called "development" Biology and medicine * ...
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Hangzhou
Hangzhou ( or , ; , , Standard Mandarin pronunciation: ), also romanized as Hangchow, is the capital and most populous city of Zhejiang, China. It is located in the northwestern part of the province, sitting at the head of Hangzhou Bay, which separates Shanghai and Ningbo. Hangzhou grew to prominence as the southern terminus of the Grand Canal and has been one of China's most renowned and prosperous cities for much of the last millennium. It is a major economic and e-commerce hub within China, and the second biggest city in Yangtze Delta after Shanghai. Hangzhou is classified as a sub-provincial city and forms the core of the Hangzhou metropolitan area, the fourth-largest in China after Guangzhou-Shenzhen Pearl River agglomeration, Shanghai-Suzhou-Wuxi-Changzhou conurbation and Beijing. As of 2019, the Hangzhou metropolitan area was estimated to produce a gross metropolitan product ( nominal) of 3.2 trillion yuan ($486.53 billion), making it larger than the economy of ...
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People's Republic Of China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and Borders of China, borders fourteen countries by land, the List of countries and territories by land borders, most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third List of countries and dependencies by area, largest country by total land area. The country consists of 22 provinces of China, provinces, five autonomous regions of China, autonomous regions, four direct-administered municipalities of China, municipalities, and two special administrative regions of China, Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the List of cities in China by population, most populous ci ...
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Kuomintang
The Kuomintang (KMT), also referred to as the Guomindang (GMD), the Nationalist Party of China (NPC) or the Chinese Nationalist Party (CNP), is a major political party in the Republic of China, initially on the Chinese mainland and in Taiwan after 1949. It was the sole party in China during the Republican Era from 1928 to 1949, when most of the Chinese mainland was under its control. The party retreated from the mainland to Taiwan on 7 December 1949, following its defeat in the Chinese Civil War. Chiang Kai-shek declared martial law and retained its authoritarian rule over Taiwan under the '' Dang Guo'' system until democratic reforms were enacted in the 1980s and full democratization in the 1990s. In Taiwanese politics, the KMT is the dominant party in the Pan-Blue Coalition and primarily competes with the rival Democratic Progressive Party (DPP). It is currently the largest opposition party in the Legislative Yuan. The current chairman is Eric Chu. The party ori ...
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Chinese Civil War
The Chinese Civil War was fought between the Kuomintang-led government of the Republic of China and forces of the Chinese Communist Party, continuing intermittently since 1 August 1927 until 7 December 1949 with a Communist victory on mainland China. The war is generally divided into two phases with an interlude: from August 1927 to 1937, the KMT-CCP Alliance collapsed during the Northern Expedition, and the Nationalists controlled most of China. From 1937 to 1945, hostilities were mostly put on hold as the Second United Front fought the Japanese invasion of China with eventual help from the Allies of World War II, but even then co-operation between the KMT and CCP was minimal and armed clashes between them were common. Exacerbating the divisions within China further was that a puppet government, sponsored by Japan and nominally led by Wang Jingwei, was set up to nominally govern the parts of China under Japanese occupation. The civil war resumed as soon as it becam ...
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Stamp Tax
Stamp duty is a tax that is levied on single property purchases or documents (including, historically, the majority of legal documents such as cheques, receipts, military commissions, marriage licences and land transactions). A physical revenue stamp had to be attached to or impressed upon the document to show that stamp duty had been paid before the document was legally effective. More modern versions of the tax no longer require an actual stamp. The duty is thought to have originated in Venice in 1604, being introduced (or re-invented) in Spain in the 1610s, the Spanish Netherlands in the 1620s, France in 1651, Denmark in 1657, Prussia in 1682 and England in 1694. Usage by country Australia The Australian Federal Government does not levy stamp duty. However, stamp duties are levied by the Australian states on various instruments (written documents) and transactions. Stamp duty laws can differ significantly between all eight jurisdictions. The rates of stamp duty also diffe ...
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Wing On
Wing On () is a department store company in Hong Kong. The company is owned by a Hong Kong listed company Wing On Company International Limited (), incorporated in Bermuda. The holding company of the listed company itself is Wing On International Holdings Limited, which is owned by Karl Kwok Chi Leung (郭志樑) and the Kwok family. The head office is in (永安中心) in Sheung Wan. Until it was nationalised in 1966, Wing On's Shanghai branch was one of the "four great companies" of Shanghai. History Brothers James Gock Lock (Kwok Lok) (郭樂) and Philip Gock Chin (Kwok Chuen) (郭泉) started the Wing On fruit store in Australia in 1897. Wing On imported nuts, tea, rice, fireworks and ginger from China. The original "Wing On Building", located at 37 Ultimo Road in Haymarket, New South Wales, in Sydney's Chinatown, is now a hotel. In 1907, James, Philip and their other brother William Gock Son (Kwok Sun) returned to Hong Kong with accumulated savings and founded the W ...
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World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the World War II by country, vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies of World War II, Allies and the Axis powers. World War II was a total war that directly involved more than 100 million Military personnel, personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Air warfare of World War II, Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the Atomic bombings of Hiroshima and Nagasaki, only two nuclear weapons ever used in war. World War II was by far the List of wars by death toll, deadliest conflict in hu ...
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Chengdu
Chengdu (, ; simplified Chinese: 成都; pinyin: ''Chéngdū''; Sichuanese pronunciation: , Standard Chinese pronunciation: ), alternatively romanized as Chengtu, is a sub-provincial city which serves as the capital of the Chinese province of Sichuan. With a population of 20,937,757 inhabitants during the 2020 Chinese census, it is the fourth most populous city in China, and it is the only city apart from the four direct-administered municipalities with a population of over 20 million (the other three are Chongqing, Shanghai and Beijing). It is traditionally the hub in Southwest China. Chengdu is located in central Sichuan. The surrounding Chengdu Plain is known as the "Country of Heaven" () and the "Land of Abundance". Its prehistoric settlers included the Sanxingdui culture. The site of Dujiangyan, an ancient irrigation system, is designated as a World Heritage Site. The Jin River flows through the city. Chengdu's culture largely reflects that of its province, Sic ...
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Chongqing
Chongqing ( or ; ; Sichuanese pronunciation: , Standard Mandarin pronunciation: ), alternately romanized as Chungking (), is a municipality in Southwest China. The official abbreviation of the city, "" (), was approved by the State Council on 18 April 1997. This abbreviation is derived from the old name of a part of the Jialing River that runs through Chongqing and feeds into the Yangtze River. Administratively, it is one of the four municipalities under the direct administration of the central government of the People's Republic of China (the other three are Beijing, Shanghai, and Tianjin), and the only such municipality located deep inland. The municipality of Chongqing, roughly the size of Austria, includes the city of Chongqing as well as various discontiguous cities. Due to a classification technicality, Chongqing municipality can claim to be the largest city proper in the worldthough it does not have the world's largest urban area. Chongqing is the only city ...
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Chengdu–Chongqing Railway
Chengdu–Chongqing railway or Chengyu railway (), is a single-track electrified railroad in the Sichuan Basin of Southwest China between the cities Chengdu and Chongqing. Chongqing's short form name is Yu (渝) and the railway is named after the two cities. The line has a total length of . The Chengyu railway opened in 1952 and was the first railway to be built after the founding of the People's Republic of China. Other cities along the route include Jianyang, Ziyang, Zizhong, Neijiang, Longchang and Yongchuan. The line is single-track, but duplication commenced between Chongqing and Jiangjin in November 2019. History In 1903, a railway line between Chengdu and Chongqing, the two biggest cities in Sichuan, was proposed by Huguang Viceroy Zhang Zhidong as part of a railway from Sichuan to Wuhan. Construction on this line began in 1909 and halted in 1911. Attempts to resume construction in 1936, by the China Development Finance Corporation, and in 1947 ended with the ou ...
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