The China & South Sea Bank
Encyclopedia
The China & South Sea Bank Limited (中南銀行) was established in 1921 in Shanghai as a commercial bank. It was founded by Huang Yizhu (黃奕住)(Oei Ik Tjoe) and Xu Jingren (徐靜仁) who were overseas Chinese
from Indonesia
. The bank became one of the few Chinese owned banks to gain public confidence and its banknotes were widely circulated in Shanghai
and Hong Kong
. The bank continued its mainland operations until September 1951, when its assets were nationalised by the government of the People's Republic of China
.
The bank established a branch in Hong Kong in 1934. This branch continued to operate until 2001, when it was absorbed by the Bank of China (Hong Kong)
.
Overseas Chinese
Overseas Chinese are people of Chinese birth or descent who live outside the Greater China Area . People of partial Chinese ancestry living outside the Greater China Area may also consider themselves Overseas Chinese....
from Indonesia
Indonesia
Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...
. The bank became one of the few Chinese owned banks to gain public confidence and its banknotes were widely circulated in Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
and Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
. The bank continued its mainland operations until September 1951, when its assets were nationalised by the government of the People's Republic of China
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
.
The bank established a branch in Hong Kong in 1934. This branch continued to operate until 2001, when it was absorbed by the Bank of China (Hong Kong)
Bank of China (Hong Kong)
Bank of China Limited is the second-largest commercial banking group in Hong Kong in terms of assets and customer deposits, with more than 300 branches in Hong Kong. It was established on 1 October 2001 from a merger of 12 subsidiaries and associates of the Bank of China in Hong Kong, and listed...
.
See also
- Four Northern BanksFour Northern BanksFour Northern Banks referred to the four most capitalized commercial banks in the north of the Yangtze River in the Republic of China in the 1920s, in contrast to the Three Southern Banks of Southern China....
- Bank of ChinaBank of ChinaBank of China Limited is one of the big four state-owned commercial banks of the People's Republic of China. It was founded in 1912 by the Government of the Republic of China, to replace the Government Bank of Imperial China. It is the oldest bank in China...
- People's Bank of ChinaPeople's Bank of ChinaThe People's Bank of China is the central bank of the People's Republic of China with the power to control monetary policy and regulate financial institutions in mainland China...