Foreign Banks and Global Finance in Modern China

Author: Ghassan Moazzin
Title: Foreign Banks and Global Finance in Modern China

Cambridge University Press (August 2022)

In this wide-ranging study, Ghassan Moazzin sheds critical new light on the history of foreign banks in late nineteenth and early twentieth century China, a time that saw a substantial influx of foreign financial institutions into China and a rapid increase of both China’s foreign trade and its interactions with international capital markets. Drawing on a broad range of German, English, Japanese and Chinese primary sources, including business records, government documents and personal papers, Moazzin reconstructs how during this period foreign banks facilitated China’s financial integration into the first global economy and provided the financial infrastructure required for modern economic globalization in China. Foreign Banks and Global Finance in Modern China shows the key role international finance and foreign banks and capital markets played at important turning points in modern Chinese history.

Offers a new perspective on the history of foreign banks in modern China and their role in the modern Chinese economy
Explains how China was financially integrated into the first global economy
Will appeal to scholars interested in financial history, business history, economic history and global history as well as historians of modern China and Germany