Definition of "hong"
hong1
hong2
noun
plural hongs
A foreign trading company in China.
Quotations
"You and your son are about to visit China," said a Chinese agent of an old and established hong in Canton. […] The speaker was Ah Hue, or Ah Hue-Ling. He had made a reputation for honorable dealing as an agent of the tea trade.
1901, Hezekiah Butterworth, “1.Strange Things to Be Seen in China – Jataka Tales – the Boxers – American Tea-farms”, in Traveller Tales of China or the Story-Telling Hongs, Boston: Dana Estes & Company, page 11
Even though China's red flag now flutters above them, some 40% of the offices are still owned by Hongkong Land, an immensely wealthy company that is part of the Jardine Matheson group, the biggest of the British-owned “hongs” and the one that did most to establish the British territory.
1997 August 7, “Superman versus the hong”, in The Economist