We cannot verify your location
Browse Book and Journal Content on Project MUSE

Business Expansion and Structural Change in Pre-War China

Liu Hongsheng and His Enterprises, 1920-1937

Kai Yiu Chan

Publication Year: 2006

This book examines the relationship between business expansion and the structure of business in pre-war China through a careful and pioneering study of the enterprises of Liu Hongsheng during the 1920s and 1930s

Published by: Hong Kong University Press, HKU


pdf iconDownload PDF


pdf iconDownload PDF


pdf iconDownload PDF
pp. v-vi

List of Illustrations

pdf iconDownload PDF
pp. vii-viii

List of Tables

pdf iconDownload PDF
pp. ix-x


pdf iconDownload PDF
pp. xi-xiii

read more

Romanization and Measures [Includes Image Plates]

pdf iconDownload PDF
pp. xv-xl

In this book, Chinese people, companies, organizations, and places appear, wherever possible, under their chosen names in English. Where their chosen English names are not known, their names in Chinese are transliterated in pinyin spelling, except in citations from English sources. Romanization of both Chinese and Japanese names, unless from English citations, are begun with surname, followed by their initials. Unless specified, all f

read more

1. Introduction

pdf iconDownload PDF
pp. 1-10

In the last 25 years, China has witnessed a period of rapid economic development. Not only has trade grown, foreign direct investment increased, and the number of factories multiplied but the institutional framework for business has also begun to alter. From the 1980s on, the government..

read more

2. Chinese Business Institutions in a New Historical Environment

pdf iconDownload PDF
pp. 11-25

The period 1920-1937 can be seen as part of an era of transformation following the late nineteenth century, witnessing the introduction of business institutions of foreign origin. These institutions not only provided a new framework for Chinese business operations but also...

read more

3. The Making of a Business Empire, 1920-1937

pdf iconDownload PDF
pp. 27-48

The impact of expansion on business structure cannot be understood without identifying the major operations of the businessman and his strategies to achieve such an expansion. Liu Hongsheng's businesses began in the 1910s in coal distribution and wharf operations. In 1920, he established the first group of industrial enterprises, a...

read more

4. The Legacy of the Comprador System: Coal Distribution and Wharf Operations

pdf iconDownload PDF
pp. 49-76

When Liu Hongsheng became the comprador of the Shanghai Agent of the Chinese Engineering and Mining Company (later the Kailan Mining Administration) in 1911 , he became part of the larger comprador system operating under the Western inf1uence in China. Like other compradors, Liu also ran his own businesses, including coal...

read more

5. Business under Corporate Structure: The Shanghai Portland Cement Works

pdf iconDownload PDF
pp. 77-98

In 1920, the Shanghai Portland Cement Works (hereafter referred to as Shanghai Cement) was formed as a joint-stock limited company. This chapter discusses the problems of business expansion that Liu Hongsheng encountered within the...

read more

6. Market, Monopoly, and the State: The Match-Manufacturing Enterprise

pdf iconDownload PDF
pp. 99-123

In the 1920s, market competition intensified. Liu Hongsheng's match-manufacturing enterprise responded by using tactics such as takeovers and mergers. However in the 1930s, while negotiations and takeovers continued, Liu formed a cartel to reduce competition,...

read more

7. The Attraction of Banking: The China Development Bank

pdf iconDownload PDF
pp. 125-154

Previous chapters have discussed the role of the accounts office in the expansion process of Liu Hongsheng's business empire. As shown, it played almost no crucial managerial function in each enterprise but its financial connections with them are clear. In this chapter, we focus on the appraisal of the problem of financing in the whole business...

read more

8. Conclusion: Zhangfang, Nucleus of Chinese Business

pdf iconDownload PDF
pp. 155-165

This study examines the relationship between business expansion and the structure of business in pre-war China through a major case study, Liu Hongsheng's enterprises during the 1920s and 1930s. In particular, it asks what kind of structural changes would have taken place in Chinese business in expansion in the institutional context of republican...


pdf iconDownload PDF
pp. 167-234

Selected Bibliography

pdf iconDownload PDF
pp. 235-255


pdf iconDownload PDF
pp. 257-268


pdf iconDownload PDF
pp. 269-283

E-ISBN-13: 9789888052080
Print-ISBN-13: 9789622097643

Page Count: 324
Publication Year: 2006

OCLC Number: 647838993
MUSE Marc Record: Download for Business Expansion and Structural Change in Pre-War China

Research Areas


UPCC logo

Subject Headings

  • Liu, Hongsheng, 1888-1956.
  • Businessmen -- China -- Biography.
  • Business -- China -- History.
  • China -- Economic conditions -- 1912-1949.
  • You have access to this content
  • Free sample
  • Open Access
  • Restricted Access