Foreign Banks of Issue in Prewar China: The Notes of the Netherlands Trading Society, Deutsch-Asiatische Bank and the International Banking Corporation

To date, much of the scholarly literature on anti-foreign boycotts in prewar China focused cigarettes. However, foreign banks were also targeted, particularly regarding their most visible infringement Chinese sovereignty: banknotes. Piecing together note circulation data smaller European and American operating Shanghai is a work progress. In this research note, I present provisional about three important second-tier Shanghai: Netherlands Trading Society, German Deutsch-Asiatische Bank International Banking Corporation. Tentative conclusions can already be drawn. These by large lost traction 1930s insofar as banknote volumes concerned. On other hand, political vacuum that befell market following downfall Qing was single biggest boon under review. The redemption freeze bank notes 1916 seems to have had partial effect terms regaining trust banknotes at expense ones. Unlike British banks, Society figures never recovered early 1920s. Needless say, more carried out regard pertinent archives are situated right around world.