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Encyclopedia > The Hongs

The Hongs (Chinese: 行) were major business houses in Hong Kong with significant influence on patterns of consumerism, trades, manufacturing and other key areas of the economy. Consumerist redirects here. ... It has been suggested that Commerce be merged into this article or section. ... Manufacturing (from Latin manu factura, making by hand) is the use of tools and labor to make things for use or sale. ...

Contents

Origin

Prior to the establishment of Hong Kong, the name "Hong" was given to major business houses under the Chinese word . The Thirteen Factories are the original merchants in China under the Qing government. Thirteen Factories or Thirteen Hong (十三行) is an area of Canton City, China where the first foreign trade was allowed in the 18th century. ... Flag (1890-1912) Anthem Gong Jinou (1911) Territory of Qing China in 1892 Capital Shengjing (1636-1644) Beijing (1644-1912) Language(s) Chinese Manchu Mongolian Government Monarchy Emperor  - 1636-1643 Huang Taiji  - 1908-1912 Xuantong Emperor Prime Minister  - 1911 Yikuang  - 1911-1912 Yuan Shikai History  - Establishment of the Late...


Historically, the factories faded before they had any direct effect on Hong Kong's economic birth. Hong Kong generally begin counting the Hongs from the first generation of western or foreign companies, since they provided direct financial backings during the Colonial Hong Kong era. Flag of colonial Hong Kong, a Blue Ensign with the colonys coat of arms. ...


Jardine Matheson had a Shanghai headquarters on the Bund, just south of the British Consulate. The headquarter was called "the Ewo Hong", or "Ewo House", after the Cantonese pronunciation of the company's Chinese name (怡和, yi wo) [1]. However, this is likely not the original source of the name, since the British have documented the term "Hong" during the times of the Thirteen Factories. Jardine Matheson, often called Jardines, is a multinational corporation that is legally based in Bermuda and which trades on the London and Singapore stock exchanges. ... For other uses, see Shanghai (disambiguation). ... An overview of The Bund in Shanghai The Bund (Simplified Chinese: ; Traditional Chinese: ; Hanyu Pinyin: ) is an area of Huangpu District in Shanghai, Peoples Republic of China. ... For the uses of Consul as Chief Magistrate of a (city) state, see Consul. ... This article is about all of the Cantonese (Yue) dialects. ...


The term is most often used in reference to Colonial Hong Kong companies directly. In modern day sense, the term is loosely used to describe influential companies. Flag of colonial Hong Kong, a Blue Ensign with the colonys coat of arms. ...


History

Prior to any banking institutions, besides small foreign bank branches, the three firms that financed most of Hong Kong's economic activities were the Jardine's, Dent's and the Russell's[2]. Hence, most sources credit them as the original three. This article does not cite any references or sources. ... Image:Dent building 1869. ...


The Hongs began during China's Qing dynasty, and grew in influence and power as Hong Kong separated from Imperial China in the early 19th Century. The original entities were mostly founded by westerners, namely British settlers within the Colonial Hong Kong community. The head of companies were referred to as tai-pans. Flag (1890-1912) Anthem Gong Jinou (1911) Territory of Qing China in 1892 Capital Shengjing (1636-1644) Beijing (1644-1912) Language(s) Chinese Manchu Mongolian Government Monarchy Emperor  - 1636-1643 Huang Taiji  - 1908-1912 Xuantong Emperor Prime Minister  - 1911 Yikuang  - 1911-1912 Yuan Shikai History  - Establishment of the Late... China is the worlds oldest continuous major civilization, with written records dating back about 3,500 years and with 5,000 years being commonly used by Chinese as the age of their civilization. ... Alternative meaning: Nineteenth Century (periodical) (18th century — 19th century — 20th century — more centuries) As a means of recording the passage of time, the 19th century was that century which lasted from 1801-1900 in the sense of the Gregorian calendar. ... Flag of colonial Hong Kong, a Blue Ensign with the colonys coat of arms. ... A tai-pan (大班) was a foreign businessman doing business in China or Hong Kong in the 19th century. ...


Most firms became true multinational corporations, and management consisted mostly of European expatriates[3].


By 1997 many of the hongs have diversified their holdings and shifted their headquarters offshore away from Hong Kong to avoid any potential communist party takeovers[3]. For the band, see 1997 (band). ... The Communist Party of China (CPC) (Simplified Chinese: ; Traditional Chinese: ; Pinyin: ), also known as the Chinese Communist Party (CCP), is the ruling political party of the Peoples Republic of China, a position guaranteed by the countrys constitution. ...


Conglomerates of colonial Hong Kong

Note: Below are lists of companies that had a predominant effect on Hong Kong's economy at a particular era. Notability are up for debate. Official names of the era are used.


1843

  • 12 large British firms[2]
  • 10 small British merchants
  • 6 Indian Parsee companies
  • 1 American company

a person from Pars (the middle-Persian word for Fars), a region now within the geographical boundaries of Iran, and is roughly the original homeland of the Persian people. ...

1844

This article does not cite any references or sources. ... Image:Dent building 1869. ...

1860s

The gasometer of the company at Ma Tau Kok. ...

1870s

The Swire Group is a transnational corporation headquartered in London, England. ... Jardine Matheson, often called Jardines, is a multinational corporation that is legally based in Bermuda and which trades on the London and Singapore stock exchanges. ... Five Flag Poles of the Wharf near Star Ferry Pier and Ocean Terminal. ... The gasometer of the company at Ma Tau Kok. ...

1890s

Jardine Matheson, often called Jardines, is a multinational corporation that is legally based in Bermuda and which trades on the London and Singapore stock exchanges. ... The Swire Group is a transnational corporation headquartered in London, England. ...

1900s

Hongkong Electric (Traditional Chinese: 香港電燈; SEHK: 0006) is a vertically integrated electricity utility company in Hong Kong. ... The Landmark, properties owned by Hongkong Land in Central, undergoing renovation The Hongkong Land Company, Limited (SGX: H78) (branded as Hongkong Land) is the property development arm of Jardines. ... Sir Catchick Paul Chater (遮打;1846-1926) was a businessman in Hong Kong. ... The Keswick family have had practically continuous and direct association with the Far East ever since Mr. ... Inchcape plc is a British trading group headquartered in central London which has a varied history but now specialises in car distribution. ...

1910s

Dairy Farm International Holdings Limited is a retail company in Asia, with her base in Bermuda. ...

Conglomerates of modern Hong Kong

1960s

The Swire Group is a transnational corporation headquartered in London, England. ... Hutchison Whampoa Limited or HWL (Traditional Chinese: , SEHK: 0013) of Hong Kong is a Fortune 500 company and one of the largest companies listed on the Hong Kong Stock Exchange. ...

1970s

Five Flag Poles of the Wharf near Star Ferry Pier and Ocean Terminal. ... Jardine Matheson, often called Jardines, is a multinational corporation that is legally based in Bermuda and which trades on the London and Singapore stock exchanges. ...

1980s

Five Flag Poles of the Wharf near Star Ferry Pier and Ocean Terminal. ... Jardine Matheson, often called Jardines, is a multinational corporation that is legally based in Bermuda and which trades on the London and Singapore stock exchanges. ... The Swire Group is a transnational corporation headquartered in London, England. ... Sir John Henry Bremridge (彭勵治爵士), KBE, JP, MA (1926 - 1994) was Financial Secretary of Hong Kong from 1981 to 1986. ... Hutchison Whampoa Limited or HWL (Traditional Chinese: , SEHK: 0013) of Hong Kong is a Fortune 500 company and one of the largest companies listed on the Hong Kong Stock Exchange. ... Li Ka Shing (李嘉誠 pinyin: Lǐ Jiāch ng, Jyutping: Lei5 Gaa1-sing4), is the wealthiest person in Hong Kong and East Asia. ...

1990s

Jardine Matheson, often called Jardines, is a multinational corporation that is legally based in Bermuda and which trades on the London and Singapore stock exchanges. ... Hutchison Whampoa Limited or HWL (Traditional Chinese: , SEHK: 0013) of Hong Kong is a Fortune 500 company and one of the largest companies listed on the Hong Kong Stock Exchange. ... Li Ka Shing (李嘉誠 pinyin: Lǐ Jiāch ng, Jyutping: Lei5 Gaa1-sing4), is the wealthiest person in Hong Kong and East Asia. ... The Swire Group is a transnational corporation headquartered in London, England. ...

Post-handover

The old British hongs continue to operate in Hong Kong after 1997, but a few are now held by local Hong Kong Chinese businessmen. A Hongkonger or Hong Konger is someone who resides or originates from Hong Kong. ...

Since the 1980s, a number of local Chinese and mainland Chinese firms have challenged the control of the Hong Kong economy previously held by the British hongs: This article does not cite any references or sources. ... The Landmark, properties owned by Hongkong Land in Central, undergoing renovation The Hongkong Land Company, Limited SGX: H78 (branded as Hongkong Land, 置地 in Chinese) is the property development arm of Jardines. ... Dairy Farm International Holdings Limited is a retail company in Asia, with a legal base in Bermuda. ... Hutchison Whampoa Limited or HWL (Traditional Chinese: , SEHK: 0013) of Hong Kong is a Fortune 500 company and one of the largest companies listed on the Hong Kong Stock Exchange. ... Li Ka Shing (李嘉誠 pinyin: Lǐ Jiāch ng, Jyutping: Lei5 Gaa1-sing4), is the wealthiest person in Hong Kong and East Asia. ... Hongkong Electric (Traditional Chinese: 香港電燈; SEHK: 0006) is a vertically integrated electricity utility company in Hong Kong. ... The Swire Group is a transnational corporation headquartered in London, England. ... London — containing the City of London — is the capital of the United Kingdom and of England and a major world city. With over seven million inhabitants (Londoners) in Greater London area, it is amongst the most densely populated areas in Western Europe. ... Five Flag Poles of the Wharf near Star Ferry Pier and Ocean Terminal. ... Henderson Land Development Co. ... Lee Shau Kee (Chinese: ; Pinyin: , born January 29, 1928 in Shunde, Guangdong) is a property developer and majority owner of Henderson Land Development (HKSE:0012), a property conglomerate with interests in properties, hotels, town gas and internet services. ... The gasometer of the company at Ma Tau Kok. ...

CITIC Pacific is a Hong Kong-based conglomerate company. ... Larry Yung Chi Kin(Simplified Chinese: 荣智健)(born January, 1942), also often called Rong Zhijian in mainland China, is the chairman of CITIC Pacific, a Hong Kong-based conglomerate. ... PCCW Limited (PCCW, 電訊盈科) (NYSE: PCW) is the largest telecommunication enterprise in Hong Kong. ... This is a Chinese name; the family name is 李 (Li) Richard Li Tzar Kai (Traditional Chinese: ; pinyin: Lǐ ZékÇŽi) was born on 8 November 1966 in Hong Kong, the younger son of successful entrepreneur Li Ka-Shing and brother of Victor Li. ... New World Development Company Limited, based out of Hong Kong, is active in property, infrastructure, services and telecommunications. ... Cheng Yu-tung is a Hong Kong billionaire with extensive business dealings and real estate interests in Hong Kong and Macau. ... China Resources (Chinese: 華潤) is a group of companies in wide variety of business in Hong Kong and mainland China. ... Li & Fung (Trading) Limited is a premier global trading group managing the supply chain for high-volume, time-sensitive consumer goods. ... China Ocean Shipping (Group) Company (abbreviated as COSCO) is one of the largest liner shipping companies serving companies all over the world. ... Sino Group HKEx: 0083 is a property development corporation based in Hong Kong and operations in Greater China. ... Sun Hung Kai & Company (新鴻基) is a diversifed corporation based in Hong Kong and has operations in Greater China. ... Cheung Kong Holdings Limited SEHK: 0001 is the flagship of the Cheung Kong Group, headquartered in Hong Kong, and one of Hong Kongs leading multi-national conglomerates. ... Li Ka Shing (李嘉誠 pinyin: Lǐ Jiāch ng, Jyutping: Lei5 Gaa1-sing4), is the wealthiest person in Hong Kong and East Asia. ...

See also

Zaibatsu ) is a Japanese term referring to the financial cliques, or business conglomerates, whose influence and size allowed for control over significant parts of the Japanese economy throughout the Edo and Meiji periods. ... Chaebol is a South Korean form of business conglomerates. ... A keiretsu lit. ... HSBC Holdings PLC (NYSE: HBC), (LSE: HSBA) , (HKSE: 005) , (Euronext: HSBC) , is one of the largest banking groups in the world. ...

References

  1. ^ Tales of Old Shanghai. "Earnshaw.com." The Hongs. Retrieved on 2007-03-29.
  2. ^ a b c d e f g Sunzi1. "Sunzi1." "Hong Kong Hongs with Long Histories and British Connections." Retrieved on 2007-03-29.
  3. ^ a b c Genzberger, Christine A. [1994] (1994) Hong Kong Business: The Portable Encyclopedia for Doing Business with Hong Kong. ISBN 0963186477

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Hong Kong is on the eastern side of the Pearl River Delta on the southeastern coast of China, facing the South China Sea in the south, and bordering the Guangdong Province in the north.
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