
There is an old Canton saying: “The wealthy’s live in Sai Kwan, the powerful’s live in Tung San.” Sai Kwan was the earliest area for foreign trading in China located in the west part of Guangzhou. For example, the well-known “Thirteen Factories” was in the Sai Kwan area. At that time, Thirteen Factories had almost cornered the tea and ceramic markets, which were the foreigners’ favorite goods for trading. At the same time, the Thirteen Factories was an intermediary agent for importing goods from foreign countries. Thus from the 17th century, “The world’s wealthiest man” appeared in Sai Kwan, who was Zhencheng Pan and Bingjian Wu.