ABSTRACT

Many books have addressed the economic and financial history of Hong Kong, and the imperialist conflicts in the key Chinese port-cities but very few books have explored French initiatives and performance in this area, beyond diplomacy, geopolitics or cultural issues. In this book, Hubert Bonin confronts arguments about "the great divergence", "the first globalisation", and forms of "economic patriotism". He gauges the competitive edge of French companies and banks, their struggle with British domination (HBSC, Chartered, shipping, trade houses/hongs) and their resistance against competitors from other countries (Japan, Germany, Netherlands, Belgium, USA, or Russia).

The book delves into studies of management abroad, therefore mixing broad geo-economic issues with precise business history and deep banking history. The connections between French interests in China and Hong Kong and the colony of Indochina are established too. A second part of the book is dedicated to the case study of Hong Kong, as the British colony acted as a hub for Asian and European interests at the heart of connections with mainland China and some neighbouring territories (Indochina, etc.).

This is essential reading for academics interested in banking and business history, the history of entrepreneurship, as well as, those involved in the contemporary history of China and Hong Kong, in the assessment of world-wide geo-economic competition between European powers in Asia (Great-Britain, and France), and in the first stages of economic "modernity", along European models, in emerging modern China.

part I|84 pages

Issues and challenges

chapter 2|18 pages

French overseas banking as an imperial system

A background for Asian developments

chapter 3|13 pages

British hegemony in China in the years 1900–1930

Maritime dominance and banking power

chapter 6|14 pages

The Black Lotus

The fight against fraud and deception in the French concessions in China (1890s–1940s)

part II|97 pages

French banking in Hong Kong

chapter 7|20 pages

French banking in Hong Kong (1860s–1930s)

Challenging British banks?

chapter 10|6 pages

Crisis and ordeals

chapter 11|15 pages

The Hong Kong place at a turning point

Banque de l’Indochine facing geo-economics (1950s)

chapter 13|14 pages

Competitors challenging Banque de l’Indochine, then-Indosuez

French bankers as stakeholders of a global metropolis

chapter |5 pages

Conclusion