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指导英国金融学assignment:英国银行的独霸时期 Bank of England take over time

论文价格: 免费 时间:2012-03-13 11:41:55 来源:www.ukassignment.org 作者:留学作业网

指导英国assignment 英国银行的独霸时期
Bank of England take over time.

The 19 th to the 1920 s in China of foreign Banks

At the turn of the century, western bank capital and industrial capital gradually shirt-sleeve, form the financial capital, capital output become the financial capital of expansion important means. Countries in the China bank also corresponding change, to finance loans, railway borrowing and enterprise investment primarily bank investment activities in this period of the bank from the business.

During the sino-japanese war between, the qing government has passed the two countries raising the bank several pens amount of debt amount not young, a total of 4000 more than two thousand. After the signing of the treaty of shimonoseki, the qing government to pay for the war reparations and redeem the liao fee, successively through the bank to the Russian, French, British and German four raised three times the money, namely the July 1895 Russian law 400 million francs loans, in March of 1896 and February 1898 British and German two times each £ 16 million borrowings. Since then, the qing government and the northern government hall and constantly borrowing, which is a 1913 "after-care big loan" in 1918 and "west the original loan". "After-care big loan" for the amount of pounds 25 million pounds, the silver dollar is 248.27 million yuan, including HSBC bank 7.416 million pounds, DE China bank 6 million pounds, and calyon bank 7.416 million pounds, HuaE way-bank 2.777 million pounds, yokohama is gold bank 5 million pounds, and the other BiGuo collected by bearing 1.388 million pounds. "West the original loan" by Japanese industrial bank, north Korea and Taiwan Banks to bank loan to the northern government 145 million yen.

The turn of the century, China's rise of the railroad boom that for countries and in China bank a chance to give a taste of. As HSBC bank, for example, in 1898 the HSBC commitment shall shut inside and outside railway (in Beijing railway) 2.3 million pound loan, in addition to the bank's China HSBC and together in 1908 and in 1910 and 8 million pounds of nanjing-chuxian section on jin-pu railway loan railway and 2.96 million pounds, and calyon bank $1908 loan hankou-beijing railway loan 5 million pounds a year. World bank also unite China to borrow money for the railway. Britain, France, Germany, the United States four bank group joined together HuGuang railway loan, together with 6 million pounds for the loan.

Foreign Banks in China investment activities in the strengthening still behave in it for foreign enterprise in China and China's own enterprise long-term capital and short-term capital assistance, especially since 1890's, the size of the investment bank there's a big inflation. HSBC bank is only a character, until 1913, the enterprise investment amount it reached 9.4 million yuan, accounting for 6.8% of the total amount of the bank loans. Foreign Banks in China scope of investment, and constantly expand, widely to the flour, machinery, leather, chemical, hardware and many other industrial sector, real estate has become investment. China's shandong pingdu gold mines, kaiping coal mine, WuChangZhi chihli layout and hanyang iron political situation, margin, the textile mill in the PE and textile mill have have become foreign bank in China of the borrower.

This period of the bank has surged political color, often in their borrowing attached with a political requirements, become it represents the country's political tools. Imperialist countries through the bank loan grab China customs and salt tax storage tube rights. Foreign Banks in China's political also performance for their governments actively cooperate with carve up China, for the forces range and other activities. At the time of the railway construction in China is powers expand aggression, for the forces of the range an important means. Foreign Banks in China is actively cooperate with this method, form "to the railway and bank conquer China strategy". This political also reflected in bank business scope. Such as word-bank, it not only won all of the various bank business, but also expanded to completely do not belong to the function of the bank. It's a bank agency, you can directly to the qing government called for the creation of a Russian local consulate. The special function of the range widely that it is both in Russia in "China's national bank", it is in Russia in "the central government of China", it is both financial and political, "the former cover the latter, and the latter is the real motivation".

This period, foreign Banks in China in China the imbalance of power expanded. After the sino-japanese war, Japanese, Russian and American forces three Banks, have into China, formed the three forces bigger Banks. They were Japan's bank is gold, Russian HuaE way-bank, America's citibank. To citigroup, for example, was established in 1901, the beginning of establishment of paid-in capital only $500000, to 1926 totaled $5 million, for start-up capital 10 times, rated capital even to us $650. In addition to the three forces outside of the big Banks, in the 20 century, Belgium, the Netherlands, Italy and the Nordic countries such as Norway Banks were successively enter into China. Veteran foreign bank in this period also get the full and updated. Like France's calyon bank replaced the original French bank, Germany's abundant Banks instead of the deutsche bank. Britain's Michael galilee and HSBC bank further expansion, such as HSBC bank was in 1907 and in 1921, two times increase capital, increased from 10 million to 20 million, profit rose to 1.6 million by capital 14 million yuan, has increased 7.8 times, bank reserve by the 5.5 million rose to 75 million increased 12.6 times, is other foreign countries in China exceed the bank.

The new bank into and old bank full update, leading to the English, French, German, Japanese, Russian, beauty top six tripartite confrontation, competitive situation. But after a fierce competition after, countries to recognize any countries may not take China, in order to maintain their own interests, they began to united, has formed four bank group, the six nations such as China bank group Shared the loans. After some after the race, the bank group in the United States under control final consortium, the United States has become the new international bank group leader, replaced Britain, China won the expansion of advantage.

(4) at the end of the 1920 s to the liberation of foreign Banks in China

Nanjing national government since its inception in 1927, adopted a series of the financial and economic policies and measures, and, to some extent, promote the economic development. But the KMT's economic development process was interrupted by a Japanese aggression. From 1931 Mukden incident, Japan began to attack China, captured the three northeast provinces in China, 1937 years after the incident on Japan launched full-scale war of aggression against China and began from then on, China has entered a period of eight years of war and then entered the war of liberation.

Compared with the previous 80 years, a period of expansion of foreign Banks momentum and power relative stagnated in a period. In the entire financial industry, the foreign bank institutions relatively narrow. In the year 1936, the China endowment bank total 164 home, branch 1332, foreign Banks and only 32 home (not including the Japanese in the northeast of the local small open bank), branch 141, quantity is concerned, before the sort of the sauce is better than the fish trend, obviously has changed.

Foreign bank's business, because the loss of privilege, and they prospered compared to period in blue. People in foreign bank's deposit is greatly reduced and the orders to them the customs tariff of China and salt tax in 1930 over the central bank, bank of China and the charge, they published money also greatly curtailed, in 1935 monetary reform, in Shanghai to the circulation of bank notes is 3 million yuan only, in tianjin, the circulation is 1.5 million yuan, total 4.5 million yuan, only for the total FaHangShu 15 per thousand. The kuomintang government came on, rely mainly on domestic bonds issued to compensate for the fiscal deficit, foreign Banks in China in the past from handling huge foreign debt gain channel also has largely disappeared.

Foreign Banks in the expansion of the said period of stagnation, doesn't refer to their financial has to consider, and just say look from whole, they expand momentum that has had no previous rapid, actually individual bank business growth rate is still quite large. Such as HSBC bank deposits, and the total amount of hk $1913 in 298.19 million, 1920 in and hk $451.06 million, by 1932 to 931.63 million hk dollar, according to 60% if in China absorption calculation, is the home of 146 local Banks deposit 25.5% of all combined.

In this period, foreign Banks in China aggression power growth has also had the significant changes. Japanese Banks began to aggressively expanding. Japan through the expansion war zones, and constantly merger of financial institutions, established the puppet manchukuo "central bank", pseudo united preparation bank, plundered territory. 1941 years after the outbreak of the Pacific war, Japan and took over the United States, Britain, the Netherlands, Belgium and other countries in the China bank, so far the bank of Japan has exclusive everything.

After the surrender of Japan, the United States instead of Japan's status. After the victory of Anti-Japanese War, the United States politics has to the kuomintang government provide about $500 million m of aid and loans worth the $2 billion "relief", the sale let, given wait for aid. These large amounts of "American aid" financial business there is no doubt that the United States in China by bank jpmorgan chase bank, and citigroup exclusive down. The two Banks has undertaken at that time all the money between China and the exchange, settlement and beauty jiang about the deal between gold and silver and exchange, so far the U.S. bank in China has made absolute advantage position.#p#分页标题#e#

(5) the Chinese modern bank, exchange and the national banking

As foreign financial forces infiltrated and strengthen, the Chinese original financial organization, the bank, the money exchange was evolved the new changes.

As China's Banks, the old financial group, a start from the foreign attention. In foreign trade company and the mainland Banks become the foreign businessman between "coupling", and help them to identify, silver, and gold, currency exchange, financing and liquidation financial, etc. Issued by the Banks of the zhuang ticket is a foreign business activities in China and indispensable to credit tools. By the nineteenth century in the s, in the bank the comprador promote under, foreign Banks and between Banks and launched tear open of business. Bank "in accordance with their needs every day", "foreign bank account to borrow the necessary funds", in order to "do large business", and foreign Banks also "willing to use the best way to use them extra cash". This kind of open, usually two day settlement one time, take the low interest rate than the market, but foreign Banks think is necessary, may at any time want it back. In the bank and foreign bank established open of relationship between foreign Banks and original of the liquidation of the relationship between, nature also transferred to the company and between foreign Banks.

Foreign Banks were receiving and zhuang ticket foreign Banks to vote for guarantee Banks to village loan, and promote the development of underground business, expanding the strength of the Banks, also make bank capital nature appear certain change, in the currency business capital full development basis to loan capital direction transition. Such as Shanghai places of Banks, in 1925-1927, had 31 pen industrial loans, loans to national capitalist enterprise, total 2.19 million yuan.

But as the President of China, the development of capitalism, because Banks are still hard to resist the situation of transformation, from 1927 years later began to decline. "Waste two gaiyuan" and "been policy" to the traditional Banks "foreign li", "silver and" business is lost, transfer system also will be negative. Plus the bankruptcy of the rural economy, the United States policy of silver China silver caused a large number of outflow, make bank inventory empty, the capital turnover failure, bank to decline. After the war, and suffering from underground to the impact of the vicious inflation, and atrophy down.

Exchange is mainly by exchange is given priority to, in order to deposit money, supplemented by financial organization. Its capital general at hundreds of thousands of two, far more than bank is abundant, in the whole nation each main commercial city is provided a semicolon exchange, can be directly correspondent. Some in the import and export trade of Chinese businessman and use of exchange exchange nets, in mainland China and trade port on the collection of payment for goods between solution, also has turned to exchange to import and export trade, and played an important role. But in exchange management idea still on strong feudal and conservative, facing the rise of new banking industry, exchange accordingly, no change, the qing government a was overthrown, quickly turned to decline exchange.

At the same time in foreign countries in China bank high profits demonstration, and save LiQuan sport promotion, new China bank was born. In 1897 China's first bank, China merchants bank was born. Of the 20 th century later, new bank set up constantly. According to statistics, by 1911 the check, have established 30 home China endowment bank, the bank is one of the most important fact bank (1908 years later renamed the qing bank) and traffic bank. After the revolution of, the bank was renamed the qing bank of China, and the traffic bank became the government together two big fiscal and financial support. At the same time, the bank also get sometime rapid development. 1912 to 1927 new set of 302 China endowment bank home, of which 247 have tradesmen managing bank, accounting for eighty percent of the total number of the newly established bank. After some balance, a final form Shanghai commercial savings bank, zhejiang industrial bank, zhejiang industrial bank, jincheng bank, salt, central China bank, bank mainland Banks several famous bank. The kuomintang government, after the establishment of their Banks continue to be developed. From 1928 to 1936 years of 19 years, the newly established bank in 128. Midway closure and home, only 105. The total amount of the bank's capital in 1925 is 158 million yuan, to 1934 to 356 million yuan, increased 1.25 times in 10 years. But this time, the country bureaucratic capitalism rapidly. The kuomintang government began monopoly financial, formed the central bank, bank of China, bank of Chinese farmers, bank of communications, the provider of central trust, postal remittance innings of the "four rows two frames" bureaucratic capital credit system.

19世纪末到20世纪20年代的外国在华银行
在19世纪末20世纪初,西方国家的银行资本与工业资本逐渐融合,形成金融资本,资本输出成为了金融资本对外扩张的重要手段。各国在华的银行也相应发生了变化,以财政借款、铁路借款和企业投资为主的银行投资活动成为这一时期银行的主要经营业务。
在中日甲午战争间,清政府先后通过英德两国银行举借了几笔数额不算小的债额,总数达4000万两以上。战后《马关条约》的签订,清政府为支付战争赔款和赎辽费,先后通过银行向俄、法、英、德四国举借了三次巨款,即1895年7月的俄法4亿法郎借款、1896年3月和1898年2月英、德两次各1600万英镑的借款。此后,清政府与北洋政府又陆陆续续不断借款,其中较大有1913年的“善后大借款”和1918年的“西原借款”。“善后大借款”金额为英镑2500万镑,合银元24827万元,其中汇丰银行741.6万镑,德华银行600万镑,东方汇理银行741.6万镑,华俄道胜银行277.7万镑,横滨正金银行500万镑,另由比国承募138.8万镑。“西原借款”由日本的兴业银行、朝鲜银行和台湾银行共同贷款给北洋政府14500万日元。
19世纪末20世纪初,中国兴起了修建铁路的热潮,这又给各国在华银行一个大显身手的机会。以汇丰银行为例,1898年汇丰承贷了关内外铁路(京奉铁路)230万英镑的借款,此外汇丰又与德华银行一起于1908年和1910年合贷津浦铁路800万镑和296万镑,还与东方汇理银行合贷1908年京汉铁路借款500万英镑等。各国银行还联合起来承担对华铁路的借贷款。英、法、德、美四国银行团一起参加了湖广铁路借款,一起承担了600万英镑的借款。
外国在华银行投资活动的加强还表现在它对外国在华企业以及中国自有企业长期资金和短期资金的融通上,特别是19世纪90年代以后,银行投资的规模出现了很大的膨胀。仅就汇丰银行一家而言,到1913年为止,它的企业投资总量达到940万元,占银行各项贷款总额的6.8%。外国在华银行的投资范围也不断扩大,广泛地伸向面粉、机械、皮革、化学、五金等众多工业部门,房地产也成为投资对象。中国的山东平度金矿、直隶开平煤矿、武昌织布局和汉阳铁政局、裕晋纱厂、通益公纱厂都曾先后成为外国在华银行的借款人。
这一时期银行的政治色彩日益浓厚,其借款中往往附带着政治要求,成为它所代表国家的政治工具。帝国主义国家通过银行借款攫取中国海关关税和盐税的存管权。外国在华银行的政治性还表现为积极配合各自政府瓜分中国,争夺势力范围等活动。当时铁路的建筑是列强在华扩大侵略,争夺势力范围的一个重要手段。外国在华银行就积极配合这一手段,组成了“以铁路和银行征服中国的策略”。这种政治性还体现于银行业务范围上。如道胜银行,它不仅包揽所有各种银行的业务,而且还扩大到完全不属于银行职能的方面。它的一个银行代理处,就可以直接向清政府要求设立俄国驻当地的领事馆。这种特殊机能范围的广泛,说明它既是俄国在“中国的国家银行”,又是俄国在“中国的中央政府”,它既是金融的,又是政治的,“前者掩护后者,而后者才是真正的动机”。
这一时期,外国在华银行在华势力的不平衡性扩大了。甲午战争以后,日、俄、美三国银行势力,相继打入中国,形成了三家势力较大的银行。它们分别是日本的正金银行,俄国的华俄道胜银行,美国的花旗银行。以花旗银行为例,它成立于1901年,成立之初资本实收仅50万美元,到1926年已达500万美元,为初创资本的10倍,额定资本甚至达到650美元。除上述三家势力比较大的银行外,进入20世纪以后,比利时、荷兰、意大利以及北欧的挪威等国的银行也相继进入中国。老牌外资银行在这一时期也得到了充实和更新。如法国的东方汇理银行取代了原有的法兰西银行,德国的德丰银行代替了德意志银行。英国的麦加利银行和汇丰银行进一步扩展,如汇丰银行曾在1907年和1921年两次增加资本,由1000万增加到2000万,资本赢利由160万上升到1400万元,增加了7.8倍,银行准备金则由550万上升到7500万增加了12.6倍,是其他外国在华银行所望尘莫及的。
新银行的进入及旧银行的充实更新,导致了英、法、德、日、俄、美六强鼎立,相互竞争的局面。但经过一番剧烈竞争之后,各国认识到任何一国都不可能独吞中国,为了维持各自的利益,他们开始走向联合,先后组成了四国银行团、六国银行团等共同承担对华各项贷款。经过一番争夺后,银行团最终处于美国财团支配之下,美国成为新国际银行团的领袖,取代了英国,获得了对华扩张的优势地位。#p#分页标题#e#
(四)20世纪20年代末至解放前的外国在华银行
南京国民政府自1927年成立以来,采取了一系列的财政经济政策和措施,在一定程度上促进了经济的发展。但国民党的经济发展过程却被日本的侵略所打断。从1931年九一八事变后,日本就开始向中国进攻,占领了我国东北三省,1937年七七事变后日本又开始发动全面侵华战争,从此中国进入了八年抗战时期,随后又进入了解放战争时期。
与以往80年相比,这一时期的外国银行的扩张势头和霸权地位相对处于停滞时期。在整个金融业中,外国银行机构数相对缩小。到1936年时,全国华资银行合计164家,分支机构1332所,而外商银行仅32家(不包括日本人在东北开设的地方性小银行),分支机构141所,就数量而言,以往那种喧宾夺主之势,显然已经改观。
外国银行的业务,因其特权的丧失,与它们在极盛时期相比也有所减色。国人在外商银行的存款大为减少,它们收存的中国的关税与盐税也于1930年起改由中央银行、中国银行经收,它们所发行的钞票也大大缩减,在1935年币制改革时,在上海流通的银行钞票仅为300万元,在天津流通的为150万元,合计450万元,仅为总发行数的15‰。国民党政府上台后,主要依靠发行国内公债来弥补财政赤字,外国在华银行过去那种从经手巨额外债中获得利益的渠道也已经基本消失了。
说外商银行处于扩张的停滞时期,并不指它们的资力已无足轻重,而只是说从整体上看,他们的扩张势头已没有以往那样迅猛,其实个别银行业务的增长幅度依然相当大。如汇丰银行的存款总额,1913年为29819万港元,1920年为45106万港元,1932年增为93163万港元,若按60%在中国吸收计算,就相当于146家本国银行全部存款总和的25.5%。
在这一时期,外国在华银行侵略势力消长也发生了明显的变化。日本在华银行开始大肆扩张。日本通过扩张战争区域,不断兼并各种金融机构,成立伪满洲国“中央银行”,伪联合准备银行等,大肆掠夺占领区。1941年太平洋战争爆发后,日本又接管了美、英、荷、比等国在华银行,至此日本银行独占了一切。
日本投降以后,美国代替了日本的地位。抗战胜利后,美国出于政治目的先后向国民党政府提供了约5亿美元的贷款援助和约值20亿美元的“救济”、售让、赠予等物资援助。这些大量的“美援”的金融业务毫无疑问由美国在华银行大通银行和花旗银行独占下来。这两家银行还承担了当时中美间所有的款项的汇兑、结算以及美蒋间有关金银的交易和调换,至此美国在华银行取得了绝对优势地位。
(五)近代中国的钱庄、票号和民族银行业
随着外国金融势力的渗透和加强,中国原有的金融组织——钱庄、票号也随之发生了新的变化。
钱庄作为中国旧有的金融组织,一开始就受到了外商的注意。在对外贸易中钱庄成为外国洋行与内地商人之间的“联结器”,帮助他们鉴定金银、兑换货币、融通资金和清算财务等。钱庄所发行的庄票则成为洋行在华经商活动中不可缺少的信用工具。到19世纪六七十年代之交,在银行买办的推动之下,外商银行与钱庄间也展开了拆款业务。钱庄“每天依照它们的需要”,“向外商银行账户拆借其所必要的资金”,以便于“做庞大的生意”,而外商银行也“乐意用最好的方式,利用它们多余的头寸”。这种拆款,通常两天结算一次,取利比市场利率低,但外商银行认为必需时,可随时要求收回。在钱庄和外商银行建立起拆款关系后,原先洋行和钱庄之间的清算关系,自然也就转移到洋行与外商银行之间进行了。
钱庄庄票被洋行接收以及外国银行以庄票作担保向钱庄贷款,推动钱庄业务的发展,扩大了钱庄的实力,也使得钱庄资本性质上出现某些变化,使其在货币经营资本充分发展的基础上向借贷资本方向过渡。如上海的福源钱庄,在1925年—1927年,做过31笔工业贷款,贷款给民族资本主义企业,总额达到219万元。
但随着中国资本主义的发展,势单力薄的钱庄依旧难以抗御形势的转化,从1927年后开始走向衰落。“废两改元”和“法币政策”使钱庄传统的“洋厘”、“银拆”的业务丧失,汇划制度也随之被否定。再加上中国农村经济的破产,美国白银政策造成的中国白银大量外流,使钱庄库存空虚,资金周转失灵,钱庄走向了衰落。抗战之后,钱庄又遭受到恶性通货膨胀的冲击,从此萎缩下去了。
票号主要是以汇兑为主,以存放款为辅的金融组织。它的资本一般都达到数十万两,远比钱庄雄厚,在全国各主要商业城市都设有票号分号,可以直接通汇。一些从事进出口贸易的华商便利用票号的汇兑网,在内地和通商口岸之间进行货款的收解,票号也就逐步转入到进出口贸易中来,并发挥了重要的作用。但是票号在经营理念上仍保留着浓厚的封建性和保守性,面对着新式银行业的兴起,票号没有进行相应地变革,清政府一被推翻,票号就迅速转向衰落。
指导英国assignment 与此同时在外国在华银行的高额利润示范下,以及挽回利权的运动推动下,中国新式银行诞生。1897年中国的第一家银行——中国通商银行诞生了。进入20世纪以后,新式银行不断设立。据统计,截止至1911年止,共设立了30家华资银行,这其中最重要的银行是户部银行(1908年后改称为大清银行)和交通银行。辛亥革命后,大清银行改名为中国银行,与交通银行一起成为北洋政府的两大财政金融支柱。于此同时,各商办银行也获得迅猛发展。1912~1927年间新设华资银行共302家,其中商办银行有247家,占新设银行总数的八成多。经过一番优胜劣汰后,最后形成了上海商业储蓄银行、浙江兴业银行、浙江实业银行、金城银行、盐业银行、中南银行、大陆银行几家著名的银行。国民党政府建立后,本国的银行继续获得发展。从1928~1936年的19年内,全国新设银行128家。中途停业23家,实存105家。全国银行的资本总额1925年时是15800万元,到1934年增加到35600万元,10年内增加了1.25倍。但这一时期,国家官僚资本主义迅速发展起来。国民党政府开始垄断金融,形成了中央银行、中国农民银行、中国银行、交通银行、中央信托局、邮政储金汇业局的“四行两局”的官僚资本信用体系。
 

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