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Shanghai, named the Guang Zhao Gongsuo,
Needless to say, Tang was famous amongst Cantonese merchants. In 1876, when Tang was organizing the telegraph office in Fuzhou, he was invited by Ding Richang to set up a Chinese bank with branches in Tokyo and London. The venture was supported by a group of Cantonese merchants to set up a modern bank with a paid-up capital of three hundred thousand taels to meet the increasing need of a financial institution to accelerate Chinese trade in foreign countries. Tang was also active in business circles in Hong Kong. He joined in partnership with his brother Tang Maozhi in the first sugar refinery in Hong Kong. Tang contributed three thousand taels while William McGregor Smith contributed the largest share of sixteen thousand taels. They planned to export sugar to Jiujiang, but probably due to Tang's transfer to Shanghai, export of refined sugar was changed to connect with Shanghai where they operated successfully until 1864. Afterwards Tang sold his share to his brother Tang Maozhi. The refinery was set up at East Point, Hong Kong, under the name of Smith, Wahee & Co. However, it eventually went bankrupt and was taken over by Jardine, Matheson & Co.
Tang left his work at China Merchants' Steam Navigation Co. in 1884 to manage the Kaiping Mines in Tianjin in which he had a personal investment of three hundred thousand taels. It has to be mentioned that with the appointment of Tang as the Kaiping's general manager, a large number of Cantonese workers were recruited for Tianjin. By 1891, the number of Cantonese workers had grown to five hundred of which some had returned from California and Australia. Though these Cantonese miners were more skilled and experienced than local workers, they did not get along with the local people and refused to teach their skills to the northerners, as they were called. In 1883 a group of a hundred men from Swatow had to be discharged because of conflicts between them and their headmen.
Zhang Guanying (1842-1922)
Zheng was born in Zhongshan. It is unclear when he moved from Zhongshan to Macau but it was certain that he had received his traditional education in Canton. After Zheng had failed in the public examination, he decided to become a merchant. In 1858, he was sent to his uncle Zheng Tingjiang in Shanghai, who had been a comprador to Overweg & Co. Zheng soon entered into the Anglo-Chinese School organized by a