Russo-Chinese Bank

Russo-Chinese Bank (Traditional Chinese: 華俄銀行) was a foreign bank representing Russian interest in China during the period between Qing Dynasty and Republic of China.

History

• December 10, 1895: The bank was founded in St. Petersburg from Russian and French capital.^[1] It lent money to China and issued Chinese government bond to finance China for its indemnity to Japan after First Sino-Japanese War.
• February, 1896: It opened a Shanghai branch.^[2]
• August 28, 1896: China joined the bank as a partner for the construction of China Eastern Railway. The bank was renamed to Sino-Russian Righteousness Victory Bank (Traditional Chinese: 華俄道勝銀行).^[3][4]
• 1902: It became the second largest bank in China.
• July, 1910: It was merged with Banque du Nord to form Russo-Asiatic Bank (Traditional Chinese: 俄亞銀行).
• September 26, 1926: It was closed down after losing 5 million pounds in foreign currency speculation in Paris financial market.^[5]

See others

• Russo-Chinese Bank Building, Shanghai

References