Analysis On The Financial Operation Of Shanxi Merchants In The Qing Dynasty Based On Marx 's Financial Capital Theory

Recently, with the reform and opening of the financial market in China, the domestic finance is facing increasing challenges from all over the world. Financial reform is imperative. This paper aims to reveal the laws that hidden behind the rising and declining of Finance of the Shanxi merchant, by Marx’s political economy perspective. Then we can learn from their experience and lessons during the process of Shanxi Merchants how to operate the finance, in order to grasp the domestic Financial reform accurately, finding ways to promote economic sustainable development.One of the tasks of Marxist political economy is to reveal the laws of economic development. It will be edifying for studying the Shanxi Merchants and exploring the ways to innovation in economic development. The reason that the Finance of Shanxi merchants began to rise is due to the superiority of private capital, the free financial market and the human capital in the Shanxi merchants stock system, While its declining is due to defects in their regulatory and competition with the foreign banks. All of these can play a important role in our current financial reform. Nowadays, only the financial reform can liberate the shackles of financial development, and achieve the goal that we promote economic sustainable development by finance. As domestic financial institutions, in order to remain their success in current global competition, they must draw lessons from history, follow the objective laws of economic development. Finally, we can achieve the purpose of our financial reform.