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 ================================================================================