Spink's next Hong Kong auction goes on for three consecutive days, starting on 15 August 2017. Over 2,500 lots of Chinese, Asian and World banknotes and coins will be offered for sale. Chinese Scripophily is represented with 40 lots. Highlight is a 1941 bond from the Shaan Gan Ning Border Area Construction Loan.
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| Shaan Gan Ning Border Area Construction Loan, 1941 lot 20 in the auction, estimated HK$20,000 to HK$24,000 Shaan Gan Ning Border Area was named after the northern provinces of Shaanxi, Gansu, and Ningxia. click image to enlarge |
The Chinese Civil War, started in 1927, was fought between the Kuomintang (KMT) government of the Republic of China and the Communist Party of China (CPC). During the following decade millions of people died in the conflict. When Japan invaded the mainland of China in 1937, the KMT, led by Chiang Kai-shek, and the CPC formed a brief alliance against Japan, called the Second United Front. As part of the policy the Shaan Gan Ning Border Area was created by the CPC in agreement with the KMT as a replacement for the former anti-Kuomintang Soviets.
While the pact existed on paper until 1945, all collaboration between the two parties had ended by 1940 - the bond dates from this turbulent period - and the Chinese Civil War resumed. Eventually, Mao Zedong's CPC would defeat Chiang Kai-shek's forces. The latter retreated to Taiwan and formed the Republic of China. Mao declared the People's Republic of China in 1949.
Auction details
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