CHINESE ELITE IN HONG KONG
Tiuchau merchant, Ko Mun Wo
93
alias Ko Cho Heung
of the Yuen Fat Hong. He was the founder of the firm which established itself in Hong Kong about 1858 and developed an extensive business in the importation of rice from Siam. It soon became one of the wealthiest Chinese firms. In 1881, Ko Mun Wo was the sixteenth highest rate payer, and when he died the year following, the value of his estate was estimated at $163,000. After his death the business was continued by his four sons.
Tang Pak Yeung
16
alias Tang Kam Chi was the youngest member of the first Tung Wah Hospital Committee. He was a merchant in the chartering firm of Kwong Lei Yuen. He had received an English language education. He was not a large property owner, nor does his name appear in other lists of the elite.
THE COMPRADORES GROUP
The compradores were an important new class which arose in the nineteenth century in the port cities of China. A recent study by Yen-p'ing Hao entitled The Comprador in Nineteenth Century China, Bridge between East and West (Cambridge, Mass., 1970) shows how influential this group became in providing capital for the introduction of modern forms of communication, industry, mining, banking and journalism in the late Ch'ing Dynasty. The origin of the compradore system is in the Co-Hong organization through which China channelled all trade with foreigners before the opening of the Treaty ports in 1843. The compradores were recruited from the Canton and Macao area. A large majority of the most influential compradore families were from the Heung Shan District near Macao. When the foreign firms came to Hong Kong they brought with them their compradores. As trade increased on the China coast, the compradores were provided with an opportunity to accumulate considerable capital. This they invested in real estate and in Chinese commercial firms.
The late Ch'ing Dynasty was often in financial difficulties. One method of raising income was through the sale of official degrees. The compradores and merchants of the port cities, who formed a newly-created bourgeois nouveau riche group within
CHINESE ELITE IN HONG KONG
Tiuchau merchant, Ko Mun Wo
93
alias Ko Cho Heung
of the Yuen Fat Hong. He was the founder of the firm which established itself in Hong Kong about 1858 and developed an extensive business in the importation of rice from Siam. It soon became one of the wealthiest Chinese firms. In 1881, Ko Mun Wo was the sixteenth highest rate payer, and when he died the year following, the value of his estate was estimated at $163,000. After his death the business was continued by his four sons.
Tang Pak Yeung 16 alias Tang Kam Chi was the youngest member of the first Tung Wah Hospital Committee. He was a merchant in the chartering firm of Kwong Lei Yuen. He had received an English language education. He was not a large property owner, nor does his name appear in other lists of the elite.
THE COMPRADORES GROUP
The compradores were an important new class which arose in the nineteenth century in the port cities of China. A recent study by Yen-p'ing Hao entitled The Comprador in Nineteenth Century China, Bridge between East and West (Cambridge, Mass., 1970) shows how influential this group became in providing capital for the introduction of modern forms of communication, industry, mining, banking and journalism in the late Ch'ing Dynasty. The origin of the compradore system is in the Co-Hong organization through which China channelled all trade with foreigners before the opening of the Treaty ports in 1843. The compradores were recruited from the Canton and Macao area. A large majority of the most influential compradore families were from the Heung Shan District near Macao. When the foreign firms came to Hong Kong they brought with them their com- pradores. As trade increased on the China coast, the compradores were provided with an opportunity to accumulate considerable capital. This they invested in real estate and in Chinese com- mercial firms.
The late Ch'ing Dynasty was often in financial difficulties. One method of raising income was through the sale of official degrees. The compradores and merchants of the port cities, who formed a newly-created bourgeois nouveau riche group within
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