The Kwangtung Provincial Bank (Chinese: 廣東省銀行) was a bank latterly based in Hong Kong, also known as the Provincial Bank of Kwangtung Province. The largest of the provincial banks, there were however a succession of at least seven distinct organisations trading as the Kwangtung Provincial Bank from 1904 through 1949, with Chinese operations suspended in 1950–51; absorbed into the People's Bank of China following the establishment of the People's Republic of China. The remainder of the bank continued in operation until 2001 when it was taken over by the Bank of China (Hong Kong).
Provincial Bank of Kwantung building depicted on the reverse of a 1931 1 Dollar local currency Banknote.
The first known banknote issues appeared in 1913, through to 1922, all printed by the American Banknote Company, New York. Subsequent issues are of 1923 and 1925 as the Central Bank of China. During the 1930s, three separate issues of currency all dated 1931 were issued by the bank. Small change (10, 20 and 50 cents) issues appeared in 1934 and 1935. Larger notes of $1 to $10 were issued between 1935 and 1940 after which the bank was taken over by the invading Japanese. Following the defeat of Japan in 1945, the bank was re-established and issued one final series of currency in 1949 in denominations of 1, 5, 10 and 50 cents, and 1, 5, 10 and 100 Yuan.
Two million dollars' worth of the 1918 notes were withdrawn by the bank under the orders of Dr Sun Yatsen, to fund military activities during 1921–22.
1929: It was renamed to Kwangtung Central Bank (Chinese: 廣東中央銀行) so as to prevent confusion with the national Central Bank of China founded at Nanjing in 1928. Its role was reverted from central bank to provincial government bank. Hong Kong branches were also established.
1932: It was restructured as the Kwangtung Provincial Bank.[1][2]
^History of Bank of China (Hong Kong) 2009-02-23 at the Wayback Machine
Bibliographyedit
Ward D. Smith; Brian Matravers (1 June 1970). Chinese banknotes. Menlo Park, California: Shirjieh Publishers. ISBN9780912496122. OCLC 475185214.
May 05, 2024
kwangtung, provincial, bank, confused, with, bank, canton, canton, trust, commercial, bank, chinese, 廣東省銀行, bank, latterly, based, hong, kong, also, known, provincial, bank, kwangtung, province, largest, provincial, banks, there, were, however, succession, lea. Not to be confused with Bank of Canton or Canton Trust and Commercial Bank The Kwangtung Provincial Bank Chinese 廣東省銀行 was a bank latterly based in Hong Kong also known as the Provincial Bank of Kwangtung Province The largest of the provincial banks there were however a succession of at least seven distinct organisations trading as the Kwangtung Provincial Bank from 1904 through 1949 with Chinese operations suspended in 1950 51 absorbed into the People s Bank of China following the establishment of the People s Republic of China The remainder of the bank continued in operation until 2001 when it was taken over by the Bank of China Hong Kong Provincial Bank of Kwantung building depicted on the reverse of a 1931 1 Dollar local currency Banknote Contents 1 Banknote Issue 2 History 3 References 4 BibliographyBanknote Issue editThe first known banknote issues appeared in 1913 through to 1922 all printed by the American Banknote Company New York Subsequent issues are of 1923 and 1925 as the Central Bank of China During the 1930s three separate issues of currency all dated 1931 were issued by the bank Small change 10 20 and 50 cents issues appeared in 1934 and 1935 Larger notes of 1 to 10 were issued between 1935 and 1940 after which the bank was taken over by the invading Japanese Following the defeat of Japan in 1945 the bank was re established and issued one final series of currency in 1949 in denominations of 1 5 10 and 50 cents and 1 5 10 and 100 Yuan Two million dollars worth of the 1918 notes were withdrawn by the bank under the orders of Dr Sun Yatsen to fund military activities during 1921 22 nbsp 1949 10 Yuan Banknote History edit1924 The bank was re established in Guangzhou by T V Soong the brother in law of Sun Yat sen as the Central Bank Chinese 中央銀行 It was the first central bank established in China 1929 It was renamed to Kwangtung Central Bank Chinese 廣東中央銀行 so as to prevent confusion with the national Central Bank of China founded at Nanjing in 1928 Its role was reverted from central bank to provincial government bank Hong Kong branches were also established 1932 It was restructured as the Kwangtung Provincial Bank 1 2 1949 Last banknote issue 2001 The bank was merged into Bank of China Hong Kong 3 nbsp Wikimedia Commons has media related to Kwangtung Provincial Bank References edit 民国时期的中央银行与广东省银行 Chinese Archived from the original on 2011 07 07 Retrieved 2009 03 02 什么是中央银行 Chinese Archived 2016 03 03 at the Wayback Machine History of Bank of China Hong Kong Archived 2009 02 23 at the Wayback MachineBibliography editWard D Smith Brian Matravers 1 June 1970 Chinese banknotes Menlo Park California Shirjieh Publishers ISBN 9780912496122 OCLC 475185214 Retrieved from https en wikipedia org w index php title Kwangtung Provincial Bank amp oldid 1192920623, wikipedia, wiki, book, books, library,
