China Farmer Bank Loan Bond 500k. WE HAVE A FULL BOX AND MOTHER BOX AVILIBLE. For more information , contact +1 809 360 5521 (WHATSAPP ONLY). The Farmers Bank of China was founded on April 1, 1933 in Hankou. It was created out of an amalgamation of provincial agricultural banks in Henan, Hubei, Anhui and Jiangxi. Governed by the Farmers Bank of China Law, the Bank was established to stimulate agricultural development by providing lines of credit to farmers and rural landowners. The Bank was originally under majority government ownership and this loan was guaranteed by the government. It became one of the four major banks of the Republic of China. Along with the Central Bank of China, Bank of China, and Bank of Communications, the Farmers Bank was allowed to issue its own currency until 1942. Once the Communist Party gained power in 1949, the Bank defaulted on this bond. However, under international treaties such as Basel 5, China remains legally obligated to redeem its outstanding bonds such as this one when/if this happens or is happening the highest denominations like this one will be redeemed FIRST! The Bank was twice forced by war to relocate with the Kuomintang Central Government, first to Chongqing in 1937 and later to Taipei in 1949. However, it was not until 1967 that the bank resumed operations after relocating to Taiwan. The Government of the People’s Republic of China incorporated the bank’s Mainland assets into the People’s Bank of China, but later transferred these to the Agricultural Bank of China. From 1967 until 2006, the bank opened and operated 107 branches throughout Taiwan. It also operated overseas offices in Los Angeles and Seattle, Washington State. The bank was the 14th largest lender in the Republic of China as of 2006. The Farmers Bank of China was partially privatised in 1994, and all government shares were put on the market in 1999. Accordingly, the Farmers Bank of China Law was repealed in 2005. The bank was acquired by the Taiwan Cooperative Bank. The item “China 500K Farmers Bond ONLY FOR 65.5K FULL MOTHER BOX AVILIBLE” is in sale since Sunday, November 13, 2016. This item is in the category “Coins & Paper Money\Stocks & Bonds, Scripophily\World\Asia”. The seller is “khalfad_n54gm” and is located in Miami, Florida. This item can be shipped worldwide.