Deli Bank Explained

The Deli Bank; (Chinese: 日里银行) 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-kuan was the fourth founding director of the bank.^[4]

See also

• A plantation city on the east coast of Sumatra 1870-1942 (Planters, the Sultan, Chinese and the Indian) by Dirk A. Buiskool; 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)

Notes and References

1. Asian Godfathers: Money and Power in Hong Kong and Southeast Asia By Joe Studwell Published by Atlantic Monthly Press, 2007;,
2. [:id: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; 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