This book provides detailed systematic micro-level analysis of the historical development of the banking industry, focusing in particular on the development of the Bank of China (BOC) in the period 1905 to 1949. reform is a key area of China’s economic transformation, and this book, bringing a vast amount of material to a Western audience for the first time, provides a detailed evidence of the key challenges faced by a major bank. The book: addresses important issues in its evolution, including corporate governance government intervention, foreign competition and white-collar crime evaluates how the challenges in these areas were met considers the results of its efforts draws lessons for policy making today.

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