Study On The Hocheng Bank

The so-called financial is short of monetary funds. Bank, as one of the important financial institutions, such as the bones, he carries the flesh and supports the human body. Commercial Bank of China was founded in 1897, as the first Chinese people to start their own capitalist new bank, opened a new financial institution in modern Chinese history- the development prelude of the bank. Beijing Government, commercial banks, as the mainstream of China’s financial industry development, such as the formation of the "North Four", "Three Southern Banks" and other financial groups.In 1937 Marco Polo Bridge Incident marks the outbreak of the Anti-Japanese War.In 1938, the National Government decided to conduct a long-term war of resistance,so the Nationalist government moved westward and Chongqing became the financial center. The banking sector of Chongqing during the War of Anti-Japanese in the financial markets played a major role and also played a supporting role. they should be worthy of attention.In the early Republic of China,Chongqing as the financial center of the southwest, in addition to a large number of outside Inland Bank, local commercial banks are growing up fast, Sichuan Mei Fung Bank, Juxingcheng Bank,Sichuan salt Bank, Chuankang banks, Hocheng bank, Chongqing Bank together constitute the main body of "Sichuan Bank".Among them,Hocheng bank was restructured from the Hocheng banks in 1937, the restructuring of the formal completion in 1938.It was born in the context of the outbreak of Anti-Japanese War, witnessed the victory of the war, experienced a financial center transformation process:Shanghai- Chongqing- Shanghai. Within the limits of the government’s financial policies,under the fierce competition from other financial institutions,it still tenaciously survive, even growing its own strength, until the completion of public-private partnership in 1952.That is enough to see its uniqueness.Hocheng bank was restructured from Hocheng banks.As a legacy of financial institutions, Hocheng banks was formally established in May 1934, sponsored by the Wu Jinhang Joint Sichuan financial businessmen Ji Shuyu, Yuan Chengwu, Ning Zhicun, Chen Shike and so on. Its capital was 150,000.Its main business was running deposit 、loan and remittance、exchangin. May 1937 capital increase to six hundred thousand to reorganizat bank.In January 1938 officially changed the composition of the bank.Wu Jinhang was the manager.As a financial institution,Hocheng bank,s business continues to expand, the number of agencies increasing,up to 1946, in addition to the head office, the branch office was as much as 27.Hocheng bank has a unique business philosophy, under the premise of compliance with government regulations, to have a steady development.In the Anti-Japanese War, Hocheng bank had unique business philosophy and had a wide range of industrial and commercial investment, compliancing with laws.In the fierce competition in the market during the war, in order to develop, Hocheng bank adapt to the situation timely by transition itselfe, grow its own scale,playing a catalytic role the development of southwest China’s financial industry.Hocheng bank also made considerable achievements in the personnel system construction.In the case of market turmoil, it managed to achieve rapid development with its low staff levels.For example, joint accountability system of its staff, as one of the product development of Chinese history, to self-discipline and mutual supervision of today’s government officials, business staff still has a positive meaning.From the date of birth,Hocheng bank was always under the control of the National Government, and had intense competition presence from other banks.Investigate into the bank and you will see a mutual relationship among the local banks and other financial institutions and the government, and its impact on the Rear area of economic development.