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dc.titleThe rise and decline of Shanxi piaohao in late Qing dynasty China, 1820-1911
dc.contributor.authorWANG LUMAN
dc.identifier.citationWANG LUMAN (2007-12-19). The rise and decline of Shanxi piaohao in late Qing dynasty China, 1820-1911. ScholarBank@NUS Repository.
dc.description.abstractShanxi piaohao (Shanxi Remittance firms) existed from 1820s to 1910s. The most fundamental reasons for its decline in 1910s lie in their innately defective business styles. Moreover, it did not carve out their business niches in the Chinese remittance market since 1820s. They had constantly faced the remittance competitions from their counterparts, qianzhuang, modern Chinese and foreign banks. Besides, piaohao did not provide basic financial services nor could extend credits to government and modern industries. Their decline was thus predestined at day they were born. Moreover, Shanxi piaohao did not gain numerous benefits through conducting official remittance for Qing government. They suffered greatly instead and eventually formed a frightened sentiment towards the Qing. Thus, piaohao refrained from collaborating with Qing government when financial transitions began in 1895 and lost the chance to catch up with the financial modernization process, which further accelerated their decline.
dc.subjectShanxi piaohao (Shanxi remittance firm); Late Qing Dynasty; business history; decline; remittance; reform
dc.contributor.supervisorDUBOIS, THOMAS DAVID
dc.description.degreeconferredMASTER OF ARTS
Appears in Collections:Master's Theses (Open)

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