Collector:Taiwan Depository & Clearing Corporation (TDCC)

Exhibit Info

On 11th year of Tongzhi of Qing Dynasty (In 1872), due to the financial difficulties of Qing Dynasty, Li HongZhang, the Viceroy of Zhili, designated two Shanghai great merchants, Zhu Chiang and Chu Chishao, to establish “Shanghai Ship Merchants Group”. Supervised by the government, they established the enterprise and decided to raise funds from the public by copying the shareholding system from the west. With 100 tael per share and no limit on subscription, the investor would also receive a physical stock with shareholder’s name, nationality, etc. The stock could also be sold and transferred. Since then, the first shareholding company was established and the first physical certificates were issued in China.

Size

24.5×17.5cm

Year

1872

Material

Paper

Category

Stocks