Nam Pak Hong
Encyclopedia
The Nam Pak Hong also Nam Pei Hong and Nam Bac Hang (literally, "South-North Trading Association") was a combination of individual hongs, or trading houses, the traditional form of business organization in China. They represented Chinese merchant
s who were often associated with overseas trade, both the Gold Mountain trade with America
and Australia
, and the older trade in the Nanyang
. The association was established in 1868 in Hong Kong
by merchants from various dialect groups and its influence quickly expanded.
Merchant
A merchant is a businessperson who trades in commodities that were produced by others, in order to earn a profit.Merchants can be one of two types:# A wholesale merchant operates in the chain between producer and retail merchant...
s who were often associated with overseas trade, both the Gold Mountain trade with America
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
and Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
, and the older trade in the Nanyang
Nanyang (geographical region)
Nanyang is the Chinese name for the geographical region south of China, particularly Southeast Asia. Literally meaning "Southern Ocean", it came into common usage in self-reference to the large ethnic Chinese migrant population in Southeast Asia, to be more precise, in Singapore, the Philippines,...
. The association was established in 1868 in Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
by merchants from various dialect groups and its influence quickly expanded.
See also
- Nam Pak Hong Association
- Nam Pei Hong (Holdings) Ltd.
- Economy of Hong KongEconomy of Hong KongAs one of the world's leading international financial centres, Hong Kong has a major capitalist service economy characterised by low taxation and free trade, and the currency, Hong Kong dollar, is the ninth most traded currency in the world. Hong Kong has remained as the world's freest economy,...
- Economic history of ChinaEconomic history of ChinaChina's economic system before the late-1990s, with state ownership of certain industries and central control over planning and the financial system, has enabled the government to mobilize whatever surplus was available and greatly increase the proportion of the national economic output devoted to...