The Insolvency of the Chinese Hong Merchants, 1760-1843 PDF Download

Author: Kuo-Tung Anthony Ch'en
Publisher:
ISBN:
Category : Canton (China)
Languages : en
Pages : 496

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Author: Frederic Delano Grant, Jr.
Publisher: Martinus Nijhoff Publishers
ISBN: 9004276564
Category : Law
Languages : en
Pages : 378

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Book Description
Modern bank insurance is traced to its roots in The Chinese Cornerstone of Modern Banking: The Canton Guaranty System and the Origins of Bank Deposit Insurance 1780-1933. Frederic Delano Grant, Jr. provides new understandings of the Canton System, collective responsibility for debt at Canton, and the history of deposit insurance. The Canton Guaranty System inspired radical reform in New York in 1829 – the ancestor of all modern deposit insurance. Yet it was never the success imagined, and soon failed. In the Opium War, the Chinese government as implicit guarantor was forced to pay its debts in full on 23 July 1843. The afflictions of the Chinese system, including moral hazard, too big to fail, and unenforced laws, remain familiar today.

Author: Paul A. Van Dyke
Publisher: Hong Kong University Press
ISBN: 988802891X
Category : History
Languages : en
Pages : 674

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Book Description
Paul Van Dyke works in many languages and archives to uncover the history of Peark River trade. This two-volume work is likely to be the most definitive reference work on the major trading families of Guangzhou. Organized as a series of family studies, this first volume includes exhaustive profiles of nine of the dominant hongs and their founding patriarchs for which good information survives: Tan Suqua, Tan Hunqua, Cai and Qiu, Beaukeequa, Yan, Mandarin Quiqua, Ye and Tacqua Amoy, Zhang, and Liang.

Author: Paul A. Van Dyke
Publisher: Hong Kong University Press
ISBN: 9888390937
Category : History
Languages : en
Pages : 207

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It is not often recognized that China was one of the few places in the early modern world where all merchants had equal access to the market. This study shows that private traders, regardless of the volume of their trade, were granted the same privileges in Canton as the large East India companies. All of these companies relied, to some extent, on private capital to finance their operations. Without the investments from individuals, the trade with China would have been greatly hindered. Competitors, large and small, traded alongside each other while enemies traded alongside enemies. Buddhists, Muslims, Catholics, Protestants, Parsees, Armenians, Hindus, and others lived and worked within the small area in the western suburbs of Canton designated for foreigners. Cantonese shopkeepers were not allowed to discriminate against any foreign traders. In fact, the shopkeepers were generally working in a competitive environment, providing customer-oriented service that generated goodwill, friendship, and trust. These contributed to the growth of the trade as a whole. While many private traders were involved in smuggling opium, others, such as Nathan Dunn, were much opposed to it. The case studies in this volume demonstrate that fortunes could be made in China by trading in legitimate items just as successfully as in illegitimate ones, which tellingly suggests that the rapid spread of opium smuggling in China could be a result of inadequate, rather than excessive, regulation by the Qing government. ‘For this absorbing book, Van Dyke and Schopp have convened excellent scholars, junior and senior, to throw new light on the foreign merchants outside the East India companies who shaped China’s engagement with the world at least as much as the companies’ men did, if not more. The slumbering field of foreign trade in Qing China has come back to life.’ —Timothy Brook, University of British Columbia ‘Much scholarship on the China trade has focused on the activities of the vast state-sponsored companies. This book flips the script. Now we know that, right under the noses of those economic behemoths, smaller private traders from Europe, America, and China were quietly reshaping the trade with their innovation, networking, grit, and dreams.’ —John R. Haddad, The Pennsylvania State University

Author: Various
Publisher: Routledge
ISBN: 0429766440
Category : Social Science
Languages : en
Pages : 10422

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Book Description
This set examines a vast range of topics covering all experiences of business and economics from across Asia. Dealing with early banking systems in China; the industrialisation of Korea and Taiwan; the evolution of Japanese business practices; economic development; protectionist policies; industrial investment; trade; tourism; and a host of other topics, the books collected here form a vital reference resource across a wide subject area.

Author: Ronald C. Po
Publisher: Cambridge University Press
ISBN: 1108424619
Category : History
Languages : en
Pages : 309

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Book Description
Argues that Qing China was not just a continental empire, but a maritime power protecting its interests at sea.

Author: Jacques M. Downs
Publisher: Hong Kong University Press
ISBN: 9888139096
Category : History
Languages : en
Pages : 508

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Book Description
Before the opening of the treaty ports in the 1840s, Canton was the only Chinese port where foreign merchants were allowed to trade. The Golden Ghetto takes us into the world of one of this city’s most important foreign communities—the Americans—during the decades between the American Revolution of 1776 and the signing of the Sino-US Treaty of Wanghia in 1844. American merchants lived in isolation from Chinese society in sybaritic, albeit usually celibate luxury. Making use of exhaustive research, Downs provides an especially clear explanation of the Canton commercial setting generally and of the role of American merchants. Many of these men made fortunes and returned home to become important figures in the rapidly developing United States. The book devotes particular attention to the biographical details of the principal American traders, the leading American firms, and their operations in Canton and the United States. Opium smuggling receives especial emphasis, as does the important topic of early diplomatic relations between the United States and China. Since its first publication in 1997, The Golden Ghettohas been recognized as the leading work on Americans trading at Canton. Long out of print, this new edition makes this key work again available, both to scholars and a wider readership. “The fullest exposition on the subject thus far and as the final word on extant, previously untapped, English-language sources.” — Eileen Scully, in The China Quarterly

Author: Franco Amatori
Publisher: Cambridge University Press
ISBN: 1139438530
Category : History
Languages : en
Pages : 445

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Book Description
This 2003 book offered the first in-depth international survey of contemporary research and debates in business history. Over the two decades leading to its publication, enormous advances had been made in writing the history of business enterprise and business systems. Historians are documenting and analyzing the evolution of a wide range of important companies and systems, their patterns of innovation, production, and distribution, their financial affairs, their political activities, and their social impact. Each essay is written by a prominent authority who provides an assessment of the state and significance of research in his or her area. This volume is a reference work that will be of immense value to historians, economists, management researchers, and others concerned to access the latest insights on the evolution of business throughout the world.

Author: Jonathan D. Spence
Publisher: W. W. Norton & Company
ISBN: 9780393307801
Category : History
Languages : en
Pages : 1054

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Book Description
This work chronicles the history of China for over four hundred years through the spring of 1989.

Author: Paul A. Van Dyke
Publisher: Hong Kong University Press
ISBN: 9888083929
Category : History
Languages : en
Pages : 262

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Book Description
The theme of this volume is the American relationship with Macao and its region through trade, politics and culture, and the focus is mainly on the late 18th and 19th centuries. The essays address topics such as the role of the China trade in US pacific expansion and exploration, US consuls, smuggling networks, missionary and educational work, and American women's perceptions of China. In all of the encounters, Macao emerges as a central player, adding a new dimension to our understanding of Sino-American relations.