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1 results

  • Investing in the New Republic: Multinational Banks, Political Risk, and the Chinese Revolution of 1911

  • Ghassan Moazzin
  • Journal:
    Business History Review / Volume 94 / Issue 3 / Autumn 2020
    Published online by Cambridge University Press:
    25 November 2020, pp. 507-534
    Print publication:
    Autumn 2020

  • This article examines the strategies employed by multinational banks to mitigate political risk following the onset of revolution in their host countries during the early twentieth century. It does so by exploring the activities of multinational banks in China during the Revolution of 1911 and its aftermath. This article first describes the measures that multinational banks took to maintain China's credit on foreign bond markets after the outbreak of revolution. It then examines how these bankers curtailed political instability by first withdrawing financial support from both the Qing government and the revolutionaries and then providing financial assistance to the new Chinese Republican government.