Foreign Banks and Global Finance in Modern China: Banking on the Chinese Frontier, 1870-1919

Author:   Ghassan Moazzin (The University of Hong Kong)
Publisher:   Cambridge University Press
ISBN:  

9781009016940


Pages:   354
Publication Date:   25 January 2024
Format:   Paperback
Availability:   Manufactured on demand   Availability explained
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Foreign Banks and Global Finance in Modern China: Banking on the Chinese Frontier, 1870-1919


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Overview

In this wide-ranging study, Ghassan Moazzin sheds critical new light on the history of foreign banks in late nineteenth and early twentieth century China, a time that saw a substantial influx of foreign financial institutions into China and a rapid increase of both China's foreign trade and its interactions with international capital markets. Drawing on a broad range of German, English, Japanese and Chinese primary sources, including business records, government documents and personal papers, Moazzin reconstructs how during this period foreign banks facilitated China's financial integration into the first global economy and provided the financial infrastructure required for modern economic globalization in China. Foreign Banks and Global Finance in Modern China shows the key role international finance and foreign banks and capital markets played at important turning points in modern Chinese history.

Full Product Details

Author:   Ghassan Moazzin (The University of Hong Kong)
Publisher:   Cambridge University Press
Imprint:   Cambridge University Press
ISBN:  

9781009016940


ISBN 10:   1009016946
Pages:   354
Publication Date:   25 January 2024
Audience:   General/trade ,  General
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

List of Figures; List of Tables; Acknowledgements; Notes and Conventions; List of Abbreviations; Introduction; 1. A German bank in China: early contact of German bankers with China from the 1870s to the 1880s; 2. Entering the Chinese banking sector: foreign banks on the Chinese frontier; 3. Chinese bonds for European investors: the indemnity loans and the internationalisation of Chinese public finance, 1895–1898; 4. Railway dreams: German bankers and Chinese railway development, 1895–1910; 5. Global markets, international finance and the 1911 revolution in China; 6. Disentanglement and liquidation: German bankers and the first world war in China; Conclusion; Appendices; Bibliography; Index.

Reviews

'Moazzin's study shows the ambiguities of negotiating financial and political interests with great nuance and objectivity. Based on a mountain of qualitative and quantitative archival data, Moazzin manages to unearth the complex nature of transnational financial flows, networks, and their institutional constraints before WWI. Most importantly, he reminds us that the impact of financial globalization failed to produce clear winners and losers in the process.' Elisabeth Köll, The University of Notre Dame 'Moazzin's history of foreign banks and global finance in turn of the 20th century China opens a new chapter in the global history of capitalism. Readers will find in its pages an illuminating engrossing story of the roles of European economic actors in a Chinese history of globalization, and a crucial contextualization of the modern global economic order that takes into account the Chinese view.' Glenda Sluga, University of Sydney 'Grounded in detailed research, this history will be valuable for all those interested in engaging with China's economic development.' George Hong Jiang, LSE Review of Books 'Foreign Banks' key contributions have less to do with offering alternative models of imperial power and more to do with examining the gritty mechanics of banking. On this front, the analysis is masterful … The meticulous archival work also allows the book to raise compelling questions about state capacity and the governing power of money.' Mary Bridges, Business History '… a captivating read, accessible to most audiences, and would make an excellent undergraduate textbook for courses on Chinese economic history … Highly recommended.' D. Li, Choice 'A deeply researched history of DAB and its operations in China as well as a study that makes broader points about the integration of China into world financial markets.' Austin Dean, Journal of Chinese History '… an original and important book. … this banking, financial, and commercial adventure still makes for an exciting story. Moazzin, mobilizes the rich available archives to tell this story in detail. He adds intermediate conclusions, in each chapter, and an excellent conclusion that furthers our understanding of the internationalization of banks and firms, and the interweaving of the Euro-Asian economies.' Hubert Bonin, EH.Net 'The thoroughness of his investigation and masterfulness of his analysis made this book not only a scholarly resource, but also an intriguing option for individuals interested in the intricate dynamics of finance, politics, and historical transformation in China's modernization journey.' Yitong Qiu, The Economic History Review


Author Information

Ghassan Moazzin is Assistant Professor at the University of Hong Kong. His research focuses on the economic and business history of modern China. He received his B.A. and Ph.D. from the University of Cambridge.

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