Shanxi Piaohao From The Perspective Of The Fictitious Economy

During the Ming and Qing Dynasties,the development of commodity economy in China achieve a higher level,as one of the ten business,Shanxi merchants is famous in the world owing to engage in Kyakhta trade and business of Shanxi Piaohao.Kyakhta trade is foreign trade in the border town of Kyakhta between China merchant and Russian businessmen,which has a profound impact on the economic and social development of the two countries.With the increasing prosperity of the Kyakhta market,both the China and Russian businessmen face huge debt settlement,and in the social context of the time,the Qing government implement the monetary system that is a large amount of silver,a small amount of money,which makes traditional physical settlement,silver goods settlement,silver settlement way,are not sufficient to meet the booming trade between the two sides on the bond debt settlement demand in the Kyakhta market,therefore,it is urgent to call for a new type of settlement tool.Shanxi Piaohao based on the Kyakhta trade and to pawn,account administration,Printing Bureau,banks and other traditional settlement tools as a platform.Shanxi Piaohao with its large branches,strict risk prevention and strong capital and good reputation,thus become the best meet the financial instruments on the market of bilateral trade settlement Kyakhta debt.Kyakhta trade and Shanxi Piaohao are the typical symbols of commodity exchange and settlement of Shanxi Merchants in the area of trade and finance,based on the characteristics of Shanxi Piaohao business analysis found that it has the basic features of the early fictitious economy.Close contact as the real economy and fictitious economy,Kyakhta trade to a certain extent,provides the material basis for the Shanxi Piaohao,at the same time Shanxi Piaohao greatly convenient Kyakhta trade settlement,improve the operation effect of Kyakhta market rate,reducing the risk of long-distance trafficking.The relative independence of Shanxi Piaohao as the fictitious economy is mainly reflected in its production relies on the Kyakhta trade prosperity,but with the change of business,Shanxi bank in the development of late is independent of Kyakhta trade in a certain extent.However,relying on the disembodied trade and independent development of the Shanxi Piaohao will undoubtedly have a great risk,though after the Kyakhta trade decline the Shanxi Piaohao is still in the period of prosperity,when faced with external shock resistance ability is insufficient,and accelerated the decline of Shanxi Piaohao.This paper attempts to analyze the Shanxi bank from the fictitious economic perspective,aims to clarify the interactive relationship between the two inner connection,and reveals the relationship of the Shanxi banks and the Kyakhta trade in the Ming and Qing Dynasties has similar to the fictitious economy and real economy mentioned in modern economics,which can provide some experience for the current economic development about how to effective coordination of real economy and fictitious economy in a sense.