Analysis on Debit and Credit in Ancient China

Research Article
Open access

Analysis on Debit and Credit in Ancient China

Runming Yuan 1*
  • 1 Shanghai International Studies University    
  • *corresponding author 2948113854@qq.com
Published on 13 September 2023 | https://doi.org/10.54254/2754-1169/8/20230322
AEMPS Vol.8
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-915371-43-0
ISBN (Online): 978-1-915371-44-7

Abstract

With the rapid development of the economy and the rise of network finance, people engage in more financial activities, and people are increasingly inseparable from the financial system. This paper mainly studies how to borrow and lend when people need capital turnover in ancient times. By understanding the financial activities of each dynasty and the perfection of financial institutions, people can have a clearer understanding of modern financial institutions. This paper is a diachronic study, mainly through the methods of literature analysis, case analysis and overview, to study how ancient people completed the lending behavior and how to formulate the lending system. This paper states that different lending systems have corresponding advantages and disadvantages. Before borrowing, people should first understand regulations and make adequate preparations, instead of blindly borrowing and leading to heavy debts and poor credit.

Keywords:

ancient, private lending, financial lending, loan, credit institution

Yuan,R. (2023). Analysis on Debit and Credit in Ancient China. Advances in Economics, Management and Political Sciences,8,257-261.
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References

[1]. Laijun Luo. Discussion on the emergence of private lending and its reasons. Bridge of Century,2007,(10):77-78.

[2]. Lei Hu.The Warring States Period to the Western Han Dynasty borrowing activities.Chinese Master’s Theses Full-text Database,2014:14-15

[3]. Hangyu Wu. The Concept of Justice and Benefit in ancient Chinese loan Contract and its contemporary Perspective. Jianghan Tribune,2019,(12):97-102.

[4]. Huabing Chang. Appreciation of financial management thought of private lending in ancient China. Auditing and Finance ,2018,(11):25-26.

[5]. Chunrun Li. The System of Catching Money in Tang Dynasty [J]. Journal of South-Central University for Nationalities (Philosophy and Social Science),1982,(04):48-53.

[6]. Hongli Dai. Usury in ancient and Modern Times [J]. Finance and Accounting Monthly,2013,(14):59-61.

[7]. Wenshu Wang. Research on Loan Industry in Song Dynasty [C]. Hebei University,2011.

[8]. Shuhong Yang. A study on the Civil Contract in Yuan Dynasty [C]. Hebei Normal University,2012.

[9]. Shijun Hu.Research on the Rise and Fall of Pawnshop Industry in Ming and Qing Dynasties From the Perspective of Market Competition and Institutional Change[C]. Liaoning University,2018.

[10]. Kangmei Qin. Qiyu Wang. Reconstruction of Financial Lending Interest rate ceiling regulation in China [J]. Exploration of Financial Theory,2022,(03):71-80.

Cite this article

Yuan,R. (2023). Analysis on Debit and Credit in Ancient China. Advances in Economics, Management and Political Sciences,8,257-261.

Data availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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About volume

Volume title: Proceedings of the 2nd International Conference on Business and Policy Studies

ISBN：978-1-915371-43-0(Print) / 978-1-915371-44-7(Online)
Editor：Javier Cifuentes-Faura, Canh Thien Dang
Conference website: https://2023.confbps.org/
Conference date: 26 February 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.8
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. Laijun Luo. Discussion on the emergence of private lending and its reasons. Bridge of Century,2007,(10):77-78.

[2]. Lei Hu.The Warring States Period to the Western Han Dynasty borrowing activities.Chinese Master’s Theses Full-text Database,2014:14-15

[3]. Hangyu Wu. The Concept of Justice and Benefit in ancient Chinese loan Contract and its contemporary Perspective. Jianghan Tribune,2019,(12):97-102.

[4]. Huabing Chang. Appreciation of financial management thought of private lending in ancient China. Auditing and Finance ,2018,(11):25-26.

[5]. Chunrun Li. The System of Catching Money in Tang Dynasty [J]. Journal of South-Central University for Nationalities (Philosophy and Social Science),1982,(04):48-53.

[6]. Hongli Dai. Usury in ancient and Modern Times [J]. Finance and Accounting Monthly,2013,(14):59-61.

[7]. Wenshu Wang. Research on Loan Industry in Song Dynasty [C]. Hebei University,2011.

[8]. Shuhong Yang. A study on the Civil Contract in Yuan Dynasty [C]. Hebei Normal University,2012.

[9]. Shijun Hu.Research on the Rise and Fall of Pawnshop Industry in Ming and Qing Dynasties From the Perspective of Market Competition and Institutional Change[C]. Liaoning University,2018.

[10]. Kangmei Qin. Qiyu Wang. Reconstruction of Financial Lending Interest rate ceiling regulation in China [J]. Exploration of Financial Theory,2022,(03):71-80.

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