“九一八”事变后,东方旅行社成立。因为涉及是否事实上承认伪满洲国,所以,对东方旅行社的成立,国民政府一直采取低调处理的方针,并力图避免新闻媒体对其关注,对外则称是中国旅行社张水淇个人行为。但是东方旅行社的成立是国民政府一手策划,委托上海商业储蓄银行的附属事业中国旅行社与日方合组的,政治意义高于商业意义。本文根据一些未刊档案和其他相关资料,对东方旅行社的成立和影响进行分析,以求教于学术界。 After the “September 18” Incident, Orient Travel Service was established. Because it involves the fact that the recognition of the puppet Manchukuo, therefore, the establishment of the East Travel Agency, the National Government has been taking a low-key approach and try to avoid the news media attention, foreign said Zhang Shuiqi China Travel Service personal behavior. However, the establishment of Dongfang Travel Agency was one-handedly planned by the KMT government and entrusted China Travel Service, a subsidiary of the Shanghai Commercial and Savings Bank, with the Japanese government. Its political significance is above commercial significance. Based on some files that have not been published and other related materials, this article analyzes the establishment and influence of the Oriental Travel Agency in order to learn from academia.