From Government Bank, Government-Private Joint Bank To Private Bank:Institutional Changes Of The Chekiang Industrial Bank And Its Predecessors,1908～1937

The Chekiang Industrial Bank was one of Chinese important private commercial banks in Modern China. Its earliest predecessor was the Chekiang Government Bank, the local banking institution launched by the Chekiang (Zhejiang) Provincial Government in 1908. At the end of 1909 or the beginning of 1910, the Chekiang Government Bank was reorganized to be the Chekiang Bank. After the founding of the Republic of China in 1912, the Chekiang Bank was reorganized to be the Chekiang Bank of the Republic of China. And in the year of 1915, the Chekiang Bank of the Republic of China was reorganized to be the Chekiang Industrial Bank (former). All of those three banks above mentioned were government-private joint banks with the sharecapital system, they had the functions of provincial bank and operated the business of commercial bank. During the time of the Chekiang Industrial Bank (former), the lasting interior conflict between the private (or commercial) shareholders and the government (or offical) shareholder increased because of the capital-increasing and the constitution-modification, and later upgraded to be the exterior conflict between the bank and the provincial authorities including the government and the parliament. In the year of 1923 after a long stalemate, for the reason of divergent views unremoved, the private shareholders finally signed an agreement with the Chekiang Provincial Government to finish the coorperation between both sides and split the bank sharecapital. As the result, the Chekiang Industrial Bank (former) was divided into two parts, a government bank named the Chekiang Provincial Bank and a private bank named the Chekiang Industrial Bank (latter). Since its establishment, the Chekiang Industrial Bank (latter) advanced steadily with its improving institution, normalizing management, developing business and growing strength. The bank never pursued a large-sized organization, while its profit was frequently quite high. With close relationships among each other, the three private commercial banks whose head offices all in Shanghai, the Chekiang Industrial Bank, the National Commecial Bank and the Shanghai Commercial & Savings Bank, were called the "Three Southern Banks" by the Chinese banking circle.The historical changes of the Chekiang Industrial Bank and its predecessors had therir abundant content in almost 30 years from 1908 to 1937. This dissertation investigates the institutional changes of the bank and its predecessors, and explores the changes and the heritages of the banking institutions with aspects such as constitution and regulation, capital structure, organization, personnel administration,business and operation, and accounting, during the complicated evolution course that from the government bank, then to the government-privat joint banks including the Chekiang Bank, the Chekiang Bank of the Repulic of China and the Chekiang Industrial Bank (former), and finally to the private Chekiang Industrial Bank (latter). The author expects it could illustrate the historical development of the Chekiang Industrial Bank and its predecessors entirely and deeply.