RASHKB Journal 皇家亞洲學會香港分會學刊 | RAS-1991
https://digitalrepository.lib.hku.hk/catalog/k356gt84j
25

Item

Table 5

Xu Run's Investment in Modern Enterprises

  
    Company
    Amount (T)
    %
    Place
  
  
    China Merchants' Steam Navigation Co
    480,000
    33.44
    Shanghai
  
  
    Yun Wo Insurance Co.
    100,000
    
    Shanghai
  
  
    Chi Wo Insurance Co.
    50,000
    10 45
    Shanghai
  
  
    Kaiping Coal Mines
    150,000
    
    Tianjin
  
  
    Guichi Coal Mines
    100,000
    
    Anhui
  
  
    Sanshan Silver Mines
    60,000
    
    Rehe
  
  
    Pingchuan Copper Mines
    60,000
    
    
  
  
    Jinzhou Mines
    50,000
    
    
  
  
    Other Mines
    10,000
    29 96
    
  
  
    Shanghai Cotton Mill
    50,000
    
    Shanghai
  
  
    Shang Jinglun Cotton Mill
    170,000
    
    Shanghai
  
  
    Craseman & Hagen's Filanda (Yantai Saosi Ju)
    10,200
    
    Yantai
  
  
    Paper Manufactury
    20,000
    
    Shanghai
  
  
    Chinese Glass Works Co.
    30,000
    
    Shanghai
  
  
    Shanghai Dairy Farm Co.
    30,000
    
    Shanghai
  
  
    Hong Kong Liyuan Sugar Refinery
    30,000
    
    Hong Kong
  
  
    Tianyi Land Reclamation Co
    5,000
    
    Jinzhou
  
  
    Taggu Cultivation Co.
    30,000
    2.44
    Tianjin
  
  
    Zhongshan Tongyi Ranyuan Cultivation Co
    1,000($)
    
    Guangdong
  
  
    Total
    1,435,200
    99.99
    
  

(+$1,000)*

* Mexican dollars have not been added in the total or calculated in the percentage

Source: Xu Run, Qing Xu Yuzhi Xiansheng Run Zixu Nianpu.

but educated in Hong Kong. He first came to Shanghai as an interpreter in the Chinese Maritime Customs in 1859. It is believed that he was introduced by an officer named Horatio Nelson Lay whom Tang had met in Hong Kong. Tang was recruited as a comprador by the Jardine, Matheson & Co. in 1863 but he left in 1872. During the decade of his compradorial career, he invested, planned, organized and assisted in the sale of stocks of a number of enterprises. These enterprises were called modern because they had adopted a new form of ownership, organization and management. Moreover, some of them such as steam navigation and insurance companies were the first to take place in China. Unlike Xu

Page 45

Page 46
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RASHKB Journal 皇家亞洲學會香港分會學刊 | RAS-1991
https://digitalrepository.lib.hku.hk/catalog/k356gt84j
Table 6

Zheng Guanying's Investment in Modern Enterprises

29

  
    Item
    Amount (taels)
    Place
  
  
    Union Steamship Navigation Co.
    ?
    Shanghai
  
  
    China Merchants' Steam Navigation Co.
    1,200
    Shanghai
  
  
    Yuehan Railway Co.
    ?
    Canton
  
  
    Renhe Insurance Co.
Shanghai Cotton Mill
A Paper Manufactory
A Glass Work
A Dairy Co.
    ?
?
50,000
?
?
    Shanghai
Shanghai
?
?
Shanghai
  
  
    A Silk Filature
    ?
    ?
  
  
    Tongwen Book Co.
    14,000
    Shanghai
  
  
    Ma'an shan Coal Mines
    ?
    ?
  
  
    Jinzhou Coal Mines
    100,000
    ?
  
  
    Jilin Gold Mines
Xuancheng Coal Mines
Shandong Mines
Pingchuan Gold Mines
Mianning Gold Mines
Jianping Gold Mines
Chefoo Coal Mines
Yongping Gold Mines
    ?
?
several thousand
36 shares + 4,320
20 shares + several thousand
?
several thousand
?
    Shanghai
?
?
?
?
?
Pingxiang Coal Mines
Hupei
Nantaiwu Shan Coal Mines
Fujian
  
  
    Chengping Silk
    several thousand
    ?
  
  
    Kaiping
Canton Land
    5,000
    Canton
  
  
    Tianjin Kutang Land Reclamation
    3,000
    Tianjin
  
  
    A Nacre Co.
    ?
    ?
  
  
    A Reclamation Project in Malaya
    ?
    Malaya
  
  
    Tianjin Peihailou
    ?
    Tianjin
  
  
    A Gambling Co.
    5,000
    ?
  
  
    Total
    232,520+?
    
  

Sources: Wu Chang-chuan, Cheng Kuan-ying: A Case Study of Merchant Participation in the Self-strengthening Movement (1878-1884): Xia-Dongyuan, Zheng Guanying Zhuan.

early development of modern Chinese enterprises. As shown in the case of Xu, Tang and Zheng, they not only provided funds to modern
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