Russo-Chinese Bank
The former building of the Russo-Chinese Bank in Saint Petersburg
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Russo-Asiatic Bank note, 3 Rubles (1917)
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 5, 1895: The bank was created in the Russian Embassy in Paris,[1] from Russian and French capital.[2] It lent money to China and issued Chinese government bond to finance China for its indemnity to Japan after First Sino-Japanese War.[1]
- February, 1896: It opened a Shanghai branch.[3]
- 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).[4][5]
- 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.[6]
See also
References
- 1 2 Davis, Clarence B.; Wilburn, Kenneth E., Jr; Robinson, Ronald E. (1991). "Russia, the Soviet Union, and the Chinese Eastern Railway". Railway Imperialism. Westport, Connecticut: Greenwood Press. p. 140. ISBN 9780313259661. Retrieved 24 July 2015 – via Questia. (Subscription required (help)).
- ↑ Issue in focus: Russian Bankers to Return to U.S. West Coast
- ↑ Russo-Chinese Bank and Russo-Asiatic Bank
- ↑ China's Loss of Sovereignty in Manchuria 1895 - 1914
- ↑ Russo-Chinese Bank and Russo-Asiatic Bank
- ↑ Russo-Chinese Bank and Russo-Asiatic Bank
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