Deli Bank

The Deli Bank was the first Chinese bank in Indonesia.^[1] It was founded in Medan, Indonesia, in 1907 by the Tjong brothers, Tjong A Fie^[2], (1860-1921) and Tjong Yong Hian (1850-1911), Mandarin capitalists from Mei Hsien, Guangdong, China, who had come over originally to recruit and supply Chinese coolies for plantation workers.^[3] Also involved at this time were Cheong Fatt Tze who had entered the region from China, through Indonesia where he built his fortune but who was by that time, Vice-Consul for China, in Penang. Hsieh Yung-kuang was the fourth founding director of the bank.^[4]

References

1. ^ Asian Godfathers: Money and Power in Hong Kong and Southeast Asia By Joe Studwell Published by Atlantic Monthly Press, 2007; ISBN 0871139685, ISBN 9780871139689
2. ^ http://id.wikipedia.org/wiki/Tjong_A_Fie
3. ^ A plantation city on the east coast of Sumatra 1870-1942 (Planters, the Sultan, Chinese and the Indian) by Dirk A. Buiskool email: [e-mail]; presented at The 1st International Urban Conference, Surabaya, 23rd-25th 2004, Medan
4. ^ The Mandarin-Capitalists from Nanyang: Overseas Chinese Enterprise in the Modernisation of China 1893-1911 By Michael R. Godley; Contributor Patrick Hannan, Denis Twitchett; Published by Cambridge university press, 2002

See also

• A plantation city on the east coast of Sumatra 1870-1942 (Planters, the Sultan, Chinese and the Indian) by Dirk A. Buiskool email: [e-mail]; presented at The 1st International Urban Conference, Surabaya, 23rd-25th 2004, Medan
• Kapitalisme, Golongan Menengah dan Negara: Sebuah Catatan Penelitian (1)
• Kapitalisme, Golongan Menengah dan Negara: Sebuah Catatan Penelitian (2)