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Piaohao
Piaohao (Traditional Chinese: , literally 'draft banks'), also known as (), (), or (), in Mandarin Chinese, or ''Shanxi banks'' () or ''Shansi banks'' in English language, English, were a type of bank that existed in China during the Qing dynasty until approximately 1952. The were started by Shanxi merchants, 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 Southern China, 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, Ind ... [...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-e ... [...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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shanxi
Shanxi; Chinese postal romanization, formerly romanised as Shansi is a Provinces of China, province in North China. Its 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 Jin (Chinese state), state of Jin that existed there during the Spring and Autumn period (). The name ''Shanxi'' means 'west of the mountains', a reference to its 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 Chinese, 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 Shanxi. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationalization
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 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 (or deprivatization). Industries often subject to nationalization include telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water (sometimes called the commanding heights of the economy), and in many jurisdictions such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners. Nationalization is distinguished from property redistribution in that the government retains control of nationalized pro ... [...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 only 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; the business is not a separate legal entity. The arrangement 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 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Partnership
A partnership is an agreement where parties 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 century. In the 15th century ... [...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 shareho ... [...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 civil war in China between the Qing dynasty and the Taiping Heavenly Kingdom. The conflict lasted 14 years, from its outbreak in 1850 until the fall of Taiping-controlled Nanjing—which they had renamed Tianjing "heavenly capital"—in 1864. The last rebel forces were defeated in August 1871. Estimates of the conflict's death toll range between 20 million and 30 million people, representing 5–10% of China's population at that time. While the Qing ultimately defeated the rebellion, the victory came at a great cost to the state's economic and political viability. The uprising was led by Hong Xiuquan, an ethnic Hakka who proclaimed himself to be the brother of Jesus Christ. Hong sought the religious conversion of the Han people to his God Worshipping Society, syncretic version of Christianity, as well as the political overthrow of the Qing dynasty, and a general transformation of the mech ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London School Of Economics And Political Science
The London School of Economics and Political Science (LSE), established in 1895, is a public university, public research university in London, England, and a member institutions of the University of London, member institution of the University of London. The school specialises in the social sciences. Founded by Fabian Society members Sidney Webb, 1st Baron Passfield, Sidney Webb, Beatrice Webb, Graham Wallas and George Bernard Shaw, LSE joined the University of London in 1900 and offered its first degree programmes under the auspices of the university in 1901. LSE began awarding degrees in its own name in 2008, prior to which it awarded degrees of the University of London. It became a university in its own right within the University of London in 2022. LSE is located in the London Borough of Camden and City of Westminster, Westminster, Central London, near the boundary between Covent Garden and Holborn. The area is historically known as Clare Market. As of 2023/24, LSE had jus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shanghai
Shanghai, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the Huangpu River flowing through it. The population of the city proper is the List of largest cities, second largest in the world after Chongqing, with around 24.87 million inhabitants in 2023, while the urban area is the List of cities in China by population, most populous in China, with 29.87 million residents. As of 2022, the Greater Shanghai metropolitan area was estimated to produce a gross metropolitan product (GDP (nominal), nominal) of nearly 13 trillion Renminbi, RMB ($1.9 trillion). Shanghai is one of the world's major centers for finance, #Economy, business and economics, research, science and technology, manufacturing, transportation, List of tourist attractions in Shanghai, tourism, and Culture of Shanghai, culture. The Port of Sh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republic Of China (1912–1949)
The Republic of China (ROC) began on 1 January 1912 as a sovereign state in mainland China following the 1911 Revolution, which overthrew the Manchu people, Manchu-led Qing dynasty and ended China's imperial China, imperial history. From 1927, the Kuomintang (KMT) Northern expedition, reunified the country and initially ruled it as a one-party state with Nanjing as the national capital. In 1949, Nationalist government, the KMT-led government was defeated in the Chinese Civil War and lost control of the mainland to the Chinese Communist Party (CCP). The CCP Proclamation of the People's Republic of China, established the People's Republic of China (PRC) while the ROC was forced to Retreat of the government of the Republic of China to Taiwan, retreat to Taiwan; the ROC retains control over the Taiwan Area, and political status of Taiwan, its political status remains disputed. The ROC is recorded as a founding member of both the League of Nations and the United Nations, and previous ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
