Brief introduction of Sino-Russian Daosheng Bank

Financial institutions that Russia carried out economic aggression against old China. Founded in 1895 (the 21st year of Guangxu), it was jointly funded and managed by Russia and France. The fund is 6 million rubles, of which 5/8 is raised by France and the rest by Russia. Although most of the funds are in France, the control is in the hands of Russia. Russia's aim is to establish a colonial bank with China as its aggression target. The following year, the czar government sent Ukhtomski, the chairman of the bank, to Beijing to lobby, and induced the Qing government to allocate 5 million taels of silver from the Russian-French loan as an investment, so as to realize its plot to expand its invasion of China in the name of Sino-Russian joint venture. According to the regulations of Sino-Russian Daosheng Bank promulgated by the Russian government, banks have the right to collect various taxes in China; Have the right to engage in business related to local and national treasury; Can cast the currency licensed by the government of China; Repayment of interest on China government bonds; Laying of railways and electric wires in China. These have seriously violated the sovereignty of the National Bank of China. The head office is located in Petersburg, and by the eve of the demise of the Qing Dynasty, it had set up branches and agencies all over China 10. With the privileges of imperialism in China, it issued a large number of paper money, collected taxes, and provided political loans and railway loans to the old China government. By the time of the October Revolution, the debt in Kuping Bank had reached 654.38 billion+tens of millions of dollars, from which huge interest was obtained and capital growth was extremely rapid. 19 10 (in the second year of Xuantong) merged with another Russian-French joint venture bank, Northern Bank, and changed its name to Russian-Asian Bank. The Chinese name remains the same. After the October Revolution, the head office was nationalized by the Soviet regime, and the bank took Paris as its head office and continued to operate in China. During the period of 1926, the head office in Paris was cleaned up due to the failure of foreign exchange speculation, and the branches in China also closed down. The huge amount of money issued has become waste paper, and countless people in China have lost their money, owing huge amounts of public funds to the China government.