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Abstract The Native Bankers' Association is the longest-lived guilds in the financial industry in modern Shanghai. It kept on operating in the early years after Shanghai was liberated, protecting industrial interest, helping the government in supervision, and guiding businesses. Although its attitude towards merging of all guilds were once passive, eventually the Native Bankers' Association was aware of the situation and together with the Shanghai Bankers' Association, the Trust Guild, formed a united Financial Association in Shanghai.
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Received: 25 March 2004
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