Russia concluded an alliance with China in 1896 by the Li–Lobanov Treaty, with China a junior partner and practically a protectorate. It led in 1898 to an occupation and administration by Russian personnel and police of the entire Liaodong Peninsula and to a fortification of the ice-free Port Arthur. Since Russia was receiving large-loans from France, Witte used some of the funds to establish the Russo-Chinese Bank, which provided 100 million rubles for China to fund the reparations that it owed to Japan. Along with the International Commercial Bank of St-Petersburg, it became the conduit through which Russian capital was funneled into East Asia. Furthermore, the Russo-Chinese Bank bankrolled the Russian government's policies towards Manchuria and Korea. That enormous leverage allowed Russia to make strategic leases of key military ports and defense stations. The Chinese government ceded its concession rights for building and owning the new Chinese Eastern Railway, which was to cross northern Manchuria from the west to the east, to link Siberia with Vladivostok, and strengthen the military capabilities of the Russian forces in the Far East greatly. It was built in 1898 to 1903 and operated by the Russo-Chinese Bank and allowed Russia to become economically dominant in Manchuria, which was still nominally controlled by Peking.