Western Capitalism in China : A History of the Shanghai Stock Exchange

A history of the stock exchange in Shanghai. Following a brief outline of the establishment of the International Settlement and its broad commercial development, it provides a picture of the financial evolution of Shanghai, particularly the currency system and the main western banking institutions which financed the import and export trade.

Chapter Three offers a detailed account of the main areas of commercial activity where local company formation and associated capital raising provided the share list with a growing supply of entries from the 1860s onwards, the number varying with the pace of commercial activity in the International Settlement and Shanghai generally.

The share market's genesis, organizational development and dealing methods are set out in Chapter Six, which concludes with a brief account of the leading brokers and broking firms in Shanghai.

The ensuing chapter chronicles the behaviour of the market and the various influences which produced periodic booms, crises and slumps in the period from its slow beginnings to the watershed of the 1910 Rubber Boom.

Chapter 9 takes the market's progress up to the fateful year of 1929. The final chapters relate the history of Chinese stock exchanges