Research On The Bank Of Hebei Province

The bank of Hebei province was established on March 7,1929.at that time,the financial situation in Hebei province was chaotic,the economy was in decline,and everything needed to be done.it was urgent to set up a provincial bank to rectify the financial order of the whole province.After the establishment of the Hebei Provincial Bank,it has actively developed the functions of the provincial bank,acting as an agent for the provincial bank,issuing bank notes,promoting the provincial bank notes,relieving the rural economy,regulating the provincial finance,and improving the financial network of the whole province.In 1937,Japan launched a full-scale war of aggression against China.North China fell to the enemy,and the bank of Hebei Province was seized by the Japanese invaders.After the victory of the Anti-Japanese War,he resumed his business briefly.After liberation,he was taken over by the Tianjin Military Administration and Finance Department.From then on,he withdrew from the historical stage.This paper focuses on the banks in Hebei Province in modern times,and studies the development,changes and management characteristics of the banking business in Hebei Province in different periods,in order to explore the special functions that the banks in Hebei Province played in the history,such as adjusting the local economy,stabilizing the local finance,and relieving the rural economy,which are different from the general commercial banks.The research subject of this article first analyzes the course of the bank establishment in modern Hebei province,the first reorganization and the resolution of the bank note crisis after the reorganization.Secondly,it inspected that the modern Hebei Provincial Bank relied on the Hebei-Cha Administrative Committee in the new development period to relieve the rural areas,promote the provincial banknotes,support the economic construction in the province,and competed with the Nanjing National Government for the right to issue banknotes in the legal currency policy.At last,the paper analyzes that the provincial bank was seized by the Japanese puppet troops and the provincial bank notes were put out of circulation by the Japanese puppet troops as a result of the war.After the victory of the war of resistance against Japan,it recovered and actively carried out banking operations such as deposit toregulate social and financial circulation.the civil war launched by the national government and the hyperinflation policy made it difficult for provincial banking operations to carry out.finally,with the failure of the Kuomintang in Tianjin,it was accepted by the military financial department.After investigation,this paper draws the following conclusion: Hebei Provincial Bank,as an official local bank,relying on the support of the local government,has made contributions to the development of ethnic capital enterprises,rural relief,financial network improvement and currency unification in Hebei Province,and has promoted the economic development and financial modernization of Hebei Province.After the victory of the war of resistance against Japan,the bank of Hebei province recovered.There was an opportunity to further adjust the province’s finance in order to resume normal business activities and the production of agricultural,industrial and mining industries in the province.However,due to the promotion of hyperinflation policy by the Nanjing National Government,the banking business in Hebei Province contracted,making it difficult to continue.Launching a civil war is against both the objective economic law and the people’s will and is bound to fail.The tortuous development of Hebei’s banks is also a microcosm of many provincial local financial institutions during the Anti-Japanese War.