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Huizhou Group

 From:中国文化网 
The Huizhou group which consisted of a number of remarkable businessmen from Huizhou Prefecture was the first of China's major merchant group to decline and disappear.

The Anhui-Hangzhou Ancient Road, which extends 25 kilometers from Fuling Town in Jixi County, Anhui Province to Zhechuan Village in Lin'an City, Zhejiang Province, was a famous ancient road in China. It was built during the Tang Dynasty (618-907) and served as an important passage for merchants traveling between Anhui and Zhejiang.

The Huizhou Group consisted of a number of remarkable businessmen from HuizhouPrefecture(辖区xiáqū), which included today's Huangshan City and Jixi County in Anhui Province, and Wuyuan County in Jiangxi Province. The group's rise was closely tied with the geographical conditions of Huizhou, a mountainous area with a redundant labor force but lack of arable land, which forced the natives to engage in business and trade local specialties for a living. 

The Huizhou merchants prospered(成功chénggōng) for more than 300 years, from the middle of the Ming Dynasty (1368-1644) to the end of the reign of Emperor Qianlong (1736-1796) in the Qing Dynasty. At that time, more than 70 percent of the Huizhou males belonged to the group. During their peak, the Huizhou Group was one of the most successful merchant groups in China in terms of economic power, operation spectrum, capital amount, and talent. 

The Hui merchants' footprints covered every corner of China, and even reached Japan, Southeast Asia and Portugal. Deeply influenced by Confucianism, they valued integrity and morality in operations, which helped them win great favor in the business circles(圈子quānzi). They specialized in trade of salt, as well as tea, wood and pawn-broking. However, the guild was the first of China's major merchant groups to decline and disappear, mainly because it lost its monopoly of salt trading on which it heavily relied during the reign of Emperors Jiaqing and Daoguang (1796-1850) of the Qing  Dynasty.

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  [Editor:Sunshine2014   2014/12/22/]
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