National Bank of China
Encyclopedia
The National Bank of China was a bank in Hong Kong. It was founded in 1891 by the Poon's family, a wealthy and influential Guangzhou
family. It is the first banknote
issuer to be financed by Chinese merchants, began operations and issued banknotes of denominations of HK$5 and HK$10. But the bank closed in 1911.
Guangzhou
Guangzhou , known historically as Canton or Kwangchow, is the capital and largest city of the Guangdong province in the People's Republic of China. Located in southern China on the Pearl River, about north-northwest of Hong Kong, Guangzhou is a key national transportation hub and trading port...
family. It is the first banknote
Banknote
A banknote is a kind of negotiable instrument, a promissory note made by a bank payable to the bearer on demand, used as money, and in many jurisdictions is legal tender. In addition to coins, banknotes make up the cash or bearer forms of all modern fiat money...
issuer to be financed by Chinese merchants, began operations and issued banknotes of denominations of HK$5 and HK$10. But the bank closed in 1911.