Remittance and Finance: Ocean Migration, Trade and Financial Networks

After the Opium War, a surge of immigration to the "South Seas" and "Gold Rush" emerged along the southeast coast of China. In the absence of developed transnational postal and financial services, the remittance industry, a financial product reflecting Chinese wisdom, arose to meet the needs of South Seas immigrants for remittance and communication. Predating China's modern banking industry, this sector has intertwined with ocean migration and Chinese commercial activities over the past century, continuously innovating and gradually establishing a Chinese transnational financial system. It has since collaborated with Chinese-funded banks and integrated into the global financial network, bearing witness to the development history of China's modern international financial exchange.