近代上海黄金市场研究(1921～1935年)

Study on modern Shanghai gold market(from 1921 to 1935)

早在 18 73年 ,上海就出现了黄金交易 ,黄金市场也随之日益发展 ;192 1年上海金业交易所成立 ,标志着中国有了正规的黄金市场。其主要交易项目为标金。早期标金市场在近代中国经济中占据着十分重要的地位。由于中外货币本位制度不同 ,金银比价经常发生变动 ,上海金市不仅成为中外商人避免交易风险的工具 。

As early as in 1873,the gold deal emerged in Shanghai.Along with it ,the gold market developed increasingly.In 1921, the Shanghai gold exchange was founded which marked the existence of formal gold market in China with standardized gold as its main trading item.The early standardized gold market occupied very important position in modern China's economy.Because the monetary standard of China was different from that of foreign countries,the price ratio of gold to silver often changed.This led Shanghai gold market not only to become instrument of avoiding trade risk but also an important world-wide arena of gold-flowing and speculation by making use of the often changing of the price ratio of gold to silver.