Financial History

Financial History

by Chen Zhengping

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78Kwords
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Updated 7y agoScraped 14d ago
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About This Novel

During the Ming and Qing dynasties in China, the seeds of capitalism appeared and slowly developed, and the resulting financial institutions also began to develop gradually. However, the foreign invasion after 1840 disrupted the development trajectory of China's financial industry, which combined China's old financial institutions with foreign financial capital institutions and continued to develop, becoming the main force controlling modern China's finance. They have caused China's financial chaos in the past century, the private financial industry has gradually declined, and China has become a paradise for bureaucratic finance and foreign financial industries to find gold. It was not until the founding of New China that China's financial system gradually became stable.

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