A Study on the Right of Issue Paper Money of The China & South Sea Bank

In the 1920s,the government continuous enacted legislation to clamp down on note issue,in order to improve the chaotic situations.But China lacked national bank,and the cost of unification issue was too high,the government was unable to implement unanimous monetary policy.The China South Sea Bank got the concession of paper currency issue is a typical example.The China South Sea Bank made use of the status of oversea Chinese businessman,abundant capital etc advantages and the thoughts of relying on banks of the government to get the right.The China South Sea Bank established the joint preparation storehouse to issue bank paper,and enough preparation to assure the prestige of money paper.Until 1935,the legal tender policy was implemented,the note-issuing right to be canceled,The China South Sea Bank note was one of the most popular paper money.The China South Sea Bank has become a model of the modern commercial banks.