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A brief survey of the financial reformation in late Qing Dynasty

Liu Zeng-he

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Abstract

The financial reformation in Qing Dynasty was a crucial step of the Chinese institutional transformation towards modernization,and its process was influenced by such factors as the division of political power,the attribution of financial interests,and the confliction between renovators and conservatives.As a result,this process didn't simply follow the supposed trend of modernization.Therefore,to study the history of this period,it is necessary to hold a conception of 'historical integrity',to eliminate the barriers among different academic subjects,to focus on the various interactions between institutions and interest groups.Only by abandoning the prejudices of our days,by diving into the contemporary situations,and by investigating it more deeply can we see the complicated interwoven of some institutions neither new nor old,neither innovatory nor conservative,and then can we reach as close as possible the reality of the complex institutional transformations.

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The financial reformation in Qing Dynasty was a crucial step of the Chinese institutional transformation towards modernization,and its process was influenced by such factors as the division of political power,the attribution of financial interests,and the confliction between renovators and conservatives.As a result,this process didn't simply follow the supposed trend of modernization.Therefore,to study the history of this period,it is necessary to hold a conception of 'historical integrity',to eliminate the barriers among different academic subjects,to focus on the various interactions between institutions and interest groups.Only by abandoning the prejudices of our days,by diving into the contemporary situations,and by investigating it more deeply can we see the complicated interwoven of some institutions neither new nor old,neither innovatory nor conservative,and then can we reach as close as possible the reality of the complex institutional transformations.

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Available abstract

The financial reformation in Qing Dynasty was a crucial step of the Chinese institutional transformation towards modernization,and its process was influenced by such factors as the division of political power,the attribution of financial interests,and the confliction between renovators and conservatives.As a result,this process didn't simply follow the supposed trend of modernization.Therefore,to study the history of this period,it is necessary to hold a conception of 'historical integrity',to eliminate the barriers among different academic subjects,to focus on the various interactions between institutions and interest groups.Only by abandoning the prejudices of our days,by diving into the contemporary situations,and by investigating it more deeply can we see the complicated interwoven of some institutions neither new nor old,neither innovatory nor conservative,and then can we reach as close as possible the reality of the complex institutional transformations.

Key concepts: Modernization theory, Politics, Power (physics), Period (music), Political science, Attribution, Political economy, Sociology

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