Jump to ContentJump to Main Navigation
Shanghai's Bund and BeyondBritish Banks, Banknote Issuance, and Monetary Policy in China, 1842-1937$
Users without a subscription are not able to see the full content.

Niv Horesh

Print publication date: 2009

Print ISBN-13: 9780300143560

Published to Yale Scholarship Online: October 2013

DOI: 10.12987/yale/9780300143560.001.0001

Show Summary Details
Page of

PRINTED FROM YALE SCHOLARSHIP ONLINE (www.yale.universitypressscholarship.com). (c) Copyright Yale University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in YSO for personal use.date: 17 May 2022



(p.153) Chapter 6 Conclusions
Shanghai's Bund and Beyond

Niv Horesh

Yale University Press

This chapter discusses the political, institutional, and technological threads emanating from the exposition of British banknote issuance in China. European overseas banks had been under no obligation to disclose country-specific circulation volumes in their published annual reports, which allowed the British banks, whose banknote issues were truly multinational in nature, to withhold critical information, especially during politically sensitive times. HSBC's quasi-foreign note issue was likely to have been very remunerative, particularly in the late Imperial and early Republican eras. The Bank's Head Office in Hong Kong was generally less enthusiastic about the growth of the China issue than were local branch managers, due to concerns that an unbridled expansion of quasi-foreign note circulation volumes would impinge on HSBC's role as de facto arbiter of Hong Kong's money supply.

Keywords:   China, banknote, British banks, multinational, circulation, HSBC

Yale Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.