Wu Bingjian (Chinese: 伍秉鑑; 1769 – 4 September 1843[1]), trading as "Houqua"[2] and better known in the West as "Howqua" or "Howqua II",[a][3] was a hong merchant in the Thirteen Factories, head of the E-wo hong and leader of the Canton Cohong. He was once the richest man in the world.[4][5][6][7]
Biography
A Hokkien by his paternal ancestry with ancestry from Quanzhou, Wu was known to the West as Howqua, as was his father, Wu Guorong, the founder of the family business or hong. The name "Howqua" is a romanization, in his native Hokkien language, of the business name under which he traded, "浩官" (Pe̍h-ōe-jī: Hō-koaⁿ).[8] He became rich on the trade between China and the British Empire in the middle of the 19th century during the First Opium War. Perhaps the wealthiest man in China during the nineteenth century, Howqua was the senior of the hong merchants in Canton, one of the few authorized to trade silk and porcelain with foreigners. In an 1822 fire which burned down many of the cohongs,[9] the silver that melted allegedly formed a little stream almost two miles in length.[6][7] Of the three million dollars that the Qing government was required to pay the British as stipulated in the Treaty of Nanking, Howqua single-handedly contributed one million.[10] He died the same year in Canton.
After the Opium Wars, Howqua's familial and business lineage quickly diminished. In 1891, the American trading house that had been handling Howqua's international investments, Russell & Company, collapsed. The descendants of Howqua are now commoners.[11] What had been a massive and beautiful estate for the Howqua family is now relatively unmarked in a poor neighborhood in the region of Honam.[12]
^Two other merchants from this period were known as Howqua: The Hong merchant Lin Shimao and Wu Bingjun's father, Wo Guoying, also known as Howqua I. [3]
^The Rich and How They Got That Way: How the Wealthiest People of All Time—from Genghis Khan to Bill Gates—Made Their Fortunes. 2 October 2018. ASIN0812932676.
^The Rich And How They Got That Way By Cynthia Crossen Publisher: Crown Publishing Group Pub. Date: 2000 ISBN0-8129-3267-6
^ ab"中國評論新聞網". Chinareviewnews.com. Archived from the original on 5 October 2013. Retrieved 2 October 2018.