Foreign Currency Banknotes Catalog (Foreign Capital, Sino-foreign Joint Venture Banks) - Collecting and Investing in Old Banknotes Appreciation 11

Author: Liang Zhi
Publisher:
Publish Date: 2005-03-01
Features: The main types of banknotes related to foreign banks circulating in China are as follows:
1. Banknotes directly issued by foreign banks operating in China, which account for a large proportion of the total circulation of foreign currencies.
2. Banknotes issued by joint-stock banks established after the Republic of China, which are generally funded by two or three parties. The foreign capital is provided by imperialist financial capitalists, while the domestic capital comes from officials, politicians, and warlords.
3. Foreign banknotes that enter China through various channels. During the late Qing Dynasty and the early Republic of China, foreign banknotes in the regions under their control ran rampant, dominating the local financial markets.
After China implemented the legal tender policy in 1935, the financial system gradually stabilized. Moreover, with the rise of patriotic sentiment and national cohesion, the circulation of foreign banknotes in China gradually decreased.
This book introduces foreign banknotes to a broad audience and coin collectors primarily in the form of illustrations, divided into two main parts: foreign-owned banks and joint-stock banks.