The Development and Function of Overseas Chinese Remittance Market in Modern China
The overseas Chinese remittance market,taking overseas Chinese remittances as the busi-ness object,was a multi-level and multi-regional speculative activity and trading place around over-seas Chinese remittance funds and bills of exchange transactions based on the exchange rate,interest rate and bill price information of different time and region.In modern China,the participants in the overseas Chinese remittance market have experienced a development process from individuals to or-ganizations,from private institutions to the active participation of state institutions,and from self-em-ployed traders who trafficked in goods to the comprehensive participation of credit bureaus,post of-fices and banks.The trading network of the overseas Chinese remittance market has gradually evolved from a simple bilateral trade and exchange between the hometown of overseas Chinese and the place of residence to a trading system centered on Hong Kong and Shanghai,with various cross-border trade,capital financing,and venture capital.The trading activities of the overseas Chinese remittance market not only promoted the short-term capital flow and balance of international payments,but also promoted the formation of the fund flow network between Hong Kong,South China and Shanghai to a certain extent,and provided capital for the modern industrial development.
overseas Chinese remittance marketbusiness entityfinancial flow networksindustrial financing
万方数据
维普
