Développement économique et financement des PME à Taiwan des années 1950 aux années 1990

Thierry Pairault ()
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Thierry Pairault: CCJ - Chine, Corée, Japon - EHESS - École des hautes études en sciences sociales - UPD7 - Université Paris Diderot - Paris 7 - CNRS - Centre National de la Recherche Scientifique

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Abstract: In the financing of small businesses, the transformation of informal micro-finance institutions for the funding of small businesses into formal banking institutions can be considered a century-long "Long March." It began in 1895 when the treaty of Shimonoseki forced the Chinese Imperial government to hand sovereignty over Taiwan to Japan and ended in 1995 when banks for small and medium-sized businesses stopped managing tontine-based funds. First the Japanese colonial government (1895-1945) and then the Nationalist government (1945-1995) both relied upon similar strategies in dealing with tontine-based forms of finance: regulating them while avoiding their prohibition and allowing them to be absorbed by microfinance institutions. This policy aimed at increasing the availability of credit to the lowest-income entrepreneurs while doing away with their reliance on usurious and especially unreliable sources of funding. This paper focuses on the second stage of this transformation: It examines the establishment of tontine-based companies and their subsequent conversion into small and medium-size business banks.

Keywords: Chine; Taiwan; PME; financement; China; SME; financing (search for similar items in EconPapers)
Date: 2005
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Published in Études Chinoises, 2005, XXIV, pp.159-188

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00009092

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