Russo-Chinese Bank

The former building of the Russo-Chinese Bank in Saint Petersburg

Russo-Asiatic Bank note, 3 Rubles (1917)

Russo-Chinese Bank (Traditional Chinese: 華俄銀行) was a foreign bank representing Russian interest in China during the period between Qing Dynasty and Republic of China.

History

• December 5, 1895: The bank was created in the Russian Embassy in Paris,^[1] from Russian and French capital.^[2] It lent money to China and issued Chinese government bond to finance China for its indemnity to Japan after First Sino-Japanese War.^[1]
• February, 1896: It opened a Shanghai branch.^[3]
• August 28, 1896: China joined the bank as a partner for the construction of China Eastern Railway. The bank was renamed to Sino-Russian Righteousness Victory Bank (Traditional Chinese: 華俄道勝銀行).^[4][5]
• 1902: It became the second largest bank in China.
• July, 1910: It was merged with Banque du Nord to form Russo-Asiatic Bank (Traditional Chinese: 俄亞銀行).
• September 26, 1926: It was closed down after losing 5 million pounds in foreign currency speculation in Paris financial market.^[6]

See also

• Russo-Chinese Bank Building, Shanghai

References

1. Davis, Clarence B.; Wilburn, Kenneth E., Jr; Robinson, Ronald E. (1991). "Russia, the Soviet Union, and the Chinese Eastern Railway". Railway Imperialism. Westport, Connecticut: Greenwood Press. p. 140. ISBN 9780313259661. Retrieved 24 July 2015 – via Questia. (subscription required (help)).
2. Issue in focus: Russian Bankers to Return to U.S. West Coast
3. Russo-Chinese Bank and Russo-Asiatic Bank
4. China's Loss of Sovereignty in Manchuria 1895 - 1914
5. Russo-Chinese Bank and Russo-Asiatic Bank
6. Russo-Chinese Bank and Russo-Asiatic Bank