Origin of National Government’s Reorganization of the Bank of Communication and the Bank’s Role Location

The Bank of Communication was an important bank in Chinese modern history.Its establishment had a complex background.Having transformed from a commercial bank specially permitted by the Qing government to a comprehensive financial organ concurrently with the nature of the state bank and the commercial bank,it made certain contribution to the industrial development in the early time.But since long ago,the Bank of Communication had been playing multiple roles in the account execution,for its location was not clear.The National Government,which coveted the Bank of Communication about its strength and influence in financial circle,carried out two reorganizations on it in 1928 and 1935,and located it as a bank to develop the national industry.It became a main member in the “four banks and two Bureaus” financial system of the National Government.The formation of the specialization of the Bank of Communication was advantageous to the modern industrial development and the modernization of China’s economy.