Qianzhuang(Money village) in Government Banks Qing Era 国 The first Chinese-owned bank, Imperial Bank of China, was founded in Shanghai in 1897. in China that modeled The building was constructed in 1906, Bund 6. Government Banks Government Banks Before 949 Before 949 Chinas first central bank was established as the Bank of Communications was organized by the Bank of the board of revenue in 905 Ministry of Posts and Communications in 1908 The name was changed to the Great Qing It was chartered as"the bank for developing the Government Bank(Daqing Bank) in 1908 country s ind Daqing Bank's note was granted exclusive The bank's aim was to unify funding for privilege to be used in all public and private steamship lines, railways, as well as telegraph fund transfers, including tax payments and debt and postal facilities settlements The bank opened its first Hong Kong Branch on Following the Xinhai Revolution of 1911, Daqing 27 November 1934 Bank was renamed the bank of china Government Banks Private Banks in China Before 949 Before 949 The Central Bank of Republic of China was Private banks appeared in the late Qing, and originally established in 1924 in guangzhou gradually developed in the 1920s. It took over the role of central bank from the Till 1927. there were 343 domestic banks in Bank of China in 1928 after the northern China, in which 62 were in Shanghai Expedition, and moved the headquarter t In late 1920s and early 1930s, private banks extended their business in syndicated industrial loans and offering loans to government to Taiwan in 1949 The bank was reestablished in 96I and took 49-52)after the civ ver the role of central bank from the bank of war,private banks were completely Taiwan nationalized and consolidated 22 3-7 Qianzhuang (Money Village) in Qing Era 3-8 Government Banks Before 1949 — The first Chinese-owned bank, Imperial Bank of China, was founded in Shanghai in 1897. — It was also the first bank in China that modeled onWestern banks and banking practices. — The building was constructed in 1906, Bund 6. Government Banks Before 1949 — China's first central bank was established as the Bank of the Board of Revenue in 1905. — The name was changed to the Great Qing Government Bank (Daqing Bank) in I908. — Daqing Bank's note was granted exclusive privilege to be used in all public and private fund transfers, including tax payments and debt settlements. — Following the Xinhai Revolution of 1911, Daqing Bank was renamed the Bank of China. 3-9 Government Banks Before 1949 — Bank of Communications was organized by the Ministry of Posts and Communications in 1908. — It was chartered as "the bank for developing the country's industries". — The bank's aim was to unify funding for steamship lines,railways, as well as telegraph and postal facilities. — The bank opened its first Hong Kong Branch on 27 November 1934. 3-10 3-11 Government Banks Before 1949 — The Central Bank of Republic of China was originally established in 1924 in Guangzhou. — It took over the role of central bank from the Bank of China in 1928 after the Northern Expedition, and moved the headquarter to Shanghai. — The bank moved along with the Kuomintang government to Taiwan in 1949. — The bank was reestablished in 1961 and took over the role of central bank from the Bank of Taiwan. 3-12 Private Banks in China Before 1949 — Private banks appeared in the late Qing, and gradually developed in the 1920s. — Till 1927,there were 343 domestic banks in China, in which 62 were in Shanghai. — In late 1920s and early 1930s, private banks extended their business in scope, making syndicated industrial loans and offering loans to rural areas. — In the recovery period (1949–52) after the civil war, private banks were completely nationalized and consolidated