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Paper stocks may be worthless but their legacy is priceless
By Jin Xiaohong and Pan Zheng |
August 29, 2011, Monday
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Print Edition
Print Edition
DO you know that the earliest stock certificate in China was issued in 1872? Li Hongzhang, who championed the Westernization Movement, issued the stock for the shareholding company China Merchants Steamship Company that he had established.
One hundred and twenty years later the development of computer technology and paperless stock trading in 1992 has since turned paper stock certificates into historical artifacts, and paper stock certificate has become a source of collections.
Visitors to Jiading Museum can still view a scarce paper stock certificate of the Wuyou Taihe Salt Company issued in 1921 with soft and bright colors. The stock certificate is 29.6 centimeters long and 23.7 centimeters wide in light yellow color. On the bottom part the company's name is printed in white characters. Shanghai Commercial Press printed this certificate so the printing quality is pretty good. Besides that, there is also a dividend bill attached to the certificate.
On the front of the certificate, the registered capital of "1.5 million yuan" and "1,000 yuan per share" are printed - the words "one share" are aligned in the center with red characters. On the lower part there is a table recording three payments. On the left there are seals of the company and the company president Zhou Shanpei, and on the right it shows that the certificate belonged to a man named Ying Ziyun. On the top left corner, two stamp duty tickets of 0.1 yuan each are pasted.
Wuyou Taihe Salt Company was established in 1919 by the famous businessman Zhang Jian. The stockholder Ying Ziyun was a comprador of a British company.
One hundred and twenty years later the development of computer technology and paperless stock trading in 1992 has since turned paper stock certificates into historical artifacts, and paper stock certificate has become a source of collections.
Visitors to Jiading Museum can still view a scarce paper stock certificate of the Wuyou Taihe Salt Company issued in 1921 with soft and bright colors. The stock certificate is 29.6 centimeters long and 23.7 centimeters wide in light yellow color. On the bottom part the company's name is printed in white characters. Shanghai Commercial Press printed this certificate so the printing quality is pretty good. Besides that, there is also a dividend bill attached to the certificate.
On the front of the certificate, the registered capital of "1.5 million yuan" and "1,000 yuan per share" are printed - the words "one share" are aligned in the center with red characters. On the lower part there is a table recording three payments. On the left there are seals of the company and the company president Zhou Shanpei, and on the right it shows that the certificate belonged to a man named Ying Ziyun. On the top left corner, two stamp duty tickets of 0.1 yuan each are pasted.
Wuyou Taihe Salt Company was established in 1919 by the famous businessman Zhang Jian. The stockholder Ying Ziyun was a comprador of a British company.
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