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- W2348867928 abstract "After the city's liberation in May, 1949, Shanghai's private financial industry at different levels spend different periods of time and underwent different concrete processes on their way to the common goal of joint state-private ownership. On two occasions, they pooled their resources for joint lending to productive and other economic undertakings. A few banks of more or less considerable magnitude were quite soon turned into joint state-private enterprises, whereas dozens of middle or small financial houses joined forces into four joint multiple-business bodies, which later on turned gradually into two general management centers, thus achieving multi-form joint management from business to human resources to financial matters to organization structure, so that finally, when conditions were ripe, they were merged into united state-private banks together with other large banks. The government, for its part, proceeded correctly in keeping with the historical reality of China's financial world by adopting the prudent policy of gradual advance, leading the numerous private Shanghai financial houses to joint lending, then joint operation and joint management. What happened shows the historical necessity and complexity of the socialist transformation of China's private financial business." @default.
- W2348867928 created "2016-06-24" @default.
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- W2348867928 date "2004-01-01" @default.
- W2348867928 modified "2023-09-24" @default.
- W2348867928 title "The joint road of Shanghai's Private Financial industry: How They Joined Forces from Joint Lending to Joint Operation and then to Joint Management" @default.
- W2348867928 hasPublicationYear "2004" @default.
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