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Lot 167: BANQUE INDUSTRIELLE DE CHINE S.A.
29 October 2016
Brussels, BelgiumLive Auction
Description: 21 July 1920 PARIS. Cert. d'Actions Ord. Nominatives F500. blue, buff. No 11288. One heavy fold. This is a rare type of this famous bank. Founded to rival the powerful Banque de l'Indochine. Inc. 1913 in Peking, and it obtained the concession for several important public works in Peking and in some Chinese ports. During WWI, the bank expanded quickly, offering very favourable rates of interest to its clients. After the war, the Banque de l'Indochine counterattacked and by 1921, the Banque Industrielle de Chine was in serious difficulties. Two years later, the bank was bankrupt.
Condition Report: VF