Huang Zhongyuan

Huang Zhongyuan

Huang Zhongyuan, the first person of Bank of America and China, is the founder of Far East National Bank, the first Chinese bank registered in the United States. Born in Shanghai in 1929, he studied in Hujiang University. After graduating from Taiwan University in 1950, he went to the United States to study. After graduation, he entered a Jewish accounting firm and started his own accounting firm in 1961. In October 1973, it was approved to establish the first Chinese funded bank in the United States, Far East National Bank.

Life of the characters

Huang Zhongyuan was born in Shanghai in 1929. The second is the second. Huang Zhongyuan has his brother Huang Hai on the top and his brother Huang Zhong on the bottom.
In his middle school days, Huang Zhongyuan studied in Huatong public school, which has the highest English standard in Shanghai. He likes classical literature and literary creation, and his works are often published on the walls of the campus. After the Japanese invaders occupied Shanghai, they asked Chinese students to study Japanese, which was resisted by everyone. Teachers are not interested in teaching and students are not interested in reading. At this time, Huang Zhongyuan's family was better than other students, so he began to play and neglect his studies. When I graduated from high school and got into University, I couldn't get into any famous university. Finally, I had to go to the Political Department of Hujiang University, the private church school with the most Playboys. Huang Zhongyuan is a burly, dignified and frank man. He is fluent in English as well as Chinese and can speak standard Shanghainese. In 1948, after the Chinese people's liberation army occupied North China, he followed his father Huang Huitian and moved to Taiwan with his family. He transferred to the Department of politics of Taiwan University and continued to study. He graduated in 1949. At that time, Huang Huitian had considerable resources, so he sent him to a university in Oregon to study international relations.
After a year in the United States, Huang Zhongyuan successfully got his first degree. However, something unexpected happened. He received a letter from his family saying that his father had been cheated and broke his property in an instant. He was no longer able to help him continue to study. So yesterday, he had to go to San Francisco, where Chinese live together, to find a job. He wandered in Chinatown, knocked on the doors of every house, asked if he wanted to help, and the answer was "no". Because at that time, the economy of Chinatown was also very sluggish. At that time, Huang Zhongyuan was really unable to return his favor and wanted to stay.
It's a road to heaven. One day, a Chinese store owner said to him, "if you like, I have a job in a packaging factory in Los Angeles." On hearing this, Huang Zhongyuan was overjoyed and immediately set off South to Los Angeles. Since then, he has taken root in Los Angeles. Huang Zhongyuan was not lucky when he first arrived in Los Angeles. He is vigorous and vigorous, but he has never participated in physical labor training. In terms of strength, he is really incompetent. But he has a tough mouth. He quarrels with the director every day and says, "you look down on me, I look down on you!" as a result, he was fired after less than two months. In the following year, he changed six or seven units in a row, either breaking dishes or making trouble with his boss, and was often dismissed. Finally, he went to Bank of America and barely worked for a year. In the end, he fell out with his boss and left his job. love motivation is striving for strength < br > Huang Zhongyuan has been living in American Society for two years, and he has really run into a wall everywhere. After that, he went to university, working and studying. At school, he met Miss Yang, a Chinese American girl from the Philippines. Since then, he has changed his cynical temper and worked hard. In order to find a better way out, he transferred to accounting. It's not a long time. He's been impressive.
As Huang Zhongyuan changed to accounting, an accounting and law firm welcomed him to take a part-time job after school. Huang Zhongyuan is conscientious and responsible in his work and has made unique achievements. Three months later, he took the responsibility of all the accounts of the economic management office. However, the firm is too small to learn much.
Soon, Huang Zhongyuan married Miss Yang. Miss Yang, whose ancestral home is the mountainous area in the south of Fujian Province, has the tradition of diligent family management of Minnan people. She is indeed Huang Zhongyuan's good wife. She brought up her three children admirably. Huang Zhelun, the eldest son, is a young and promising professional playwright in America. In the 1988 "Tony Award", Huang Zhelun's "new lady butterfly" won three awards: best drama, best director and most distinctive actor. The eldest daughter is a cellist and has been well-known in the music circles of the United States and Canada. The youngest daughter inherits the career of her father Huang Zhongyuan and is expected to become a future female banker. When she graduated from the Piano Department of the University of California, Miss Yang herself was at the top of the list. She has played in Germany, the Philippines, Hong Kong, Taiwan and other places, and has been well received. When her three children grew up, she went back to college to teach piano. Because of her outstanding students, she was rated as one of the top ten piano teachers in Southern California.
Mr. Huang Zhongyuan is proud of his happy family, successful career and children. In 1960, Huang Zhongyuan set up an accounting firm. In the first month, only one customer came to the door. It's only 50 dollars. However, he was not discouraged because of this. He still worked steadfastly and gradually established his reputation and increasingly extensive social ties. A year later, the situation began to improve and his business was booming. At this time, there were very few overseas Chinese in Los Angeles, and 95% of his clients were not Chinese.
After the establishment of the liaison office between China and the United States in 1972, the number of new overseas Chinese from Hong Kong, Taiwan and the mainland going to the United States increased rapidly. At that time, there was only one Chinese bank in Los Angeles with limited service capacity. Huang Zhongyuan sized up the situation and determined to set up a new Chinese bank. At the beginning of 1973, Huang Zhongyuan applied to the federal government to establish the first Chinese bank in the United States. In October 1973, far east bank was approved for public offering. In the face of the crisis in the US stock market at the end of the year, Huang Zhongyuan managed to raise 150 shares, totaling US $1.5 million. In December 1974, far east bank officially opened.
At that time, Huang Zhongyuan resolutely took the post of chairman of the board and concurrently served as the general manager. He firmly believes that the Chinese are able to do what foreigners can, and they are also able to do what foreigners cannot. Huang Zhongyuan repeatedly stressed to all staff of the bank that the bank is a service industry, and most of its customers are new overseas Chinese coming to the United States. The situation requires banks to provide them with prompt, kind and considerate services to help them overcome the difficulties in life and work. Whether they come to deposit or borrow, they should be treated equally and provide warm service. Huang Zhongyuan simply moved his desk to the hall in front of the counter, contacted the customers directly, and mastered a lot of first-hand information and information. What customers need, banks provide. In this way, Huang Zhongyuan's Bank became a part of Chinese society and deeply rooted in Chinese society.
In terms of service content, far east bank has become a trading center, adopting preferential service methods such as prepayment of interest, licensed deposits and loans. For borrowers, make it as convenient as possible. Far East National Bank is able to take care of its customers and satisfy them. Usually, it can handle the loan procedures within a few hours. For customers with a small number of loans and good reputation, the problem can be solved through ten minutes of telephone contact. In addition, the bank also introduced the borrower to sign a contract with it at the interest rate and repay it in installments. Far East National Bank is also the first bank in the United States to operate as usual on Saturdays, providing great convenience for customers. It made the bank a success. The bank's total assets have exceeded US $100 million and its revenue efficiency has reached 25%, ranking fourth among all profitable banks in California. Huang Zhongyuan's outstanding achievements are inseparable from his banker's demeanor. Usually, a bank is considered "an institution that lends money to you when you can prove that you don't need it." As early as 1976, Huang Zhongyuan saw the "arrogance" of the banking sector in this regard, and publicly criticized and refuted the traditional concept and practice of "taking people by assets" in the banking sector. He made great efforts to implement the concept and practice of "taking people by talents" in his far east bank, requiring loan officers to take the initiative to understand customers, so as to determine the standard of loans, thus helping countless business talents, He was able to bring his intelligence into full play and was not forced down by temporary difficulties.
Huang Zhongyuan's "talent selection" helps business talents, and also makes himself have a higher reputation in the business world. He also takes "family atmosphere, modern management" as his slogan and action guide. A few years ago, Far East National Bank built a new bank building between Broadway and aping street in Los Angeles, becoming the commercial center of Chinatown. The floor area of the bank building is more than 2400 square meters. The second floor was opened up as a club for business people and customers. The bank has also set up offices overseas and set up a service network.
Huang Zhongyuan's Far East National Bank has been listed by the Federal Reserve Bank of the United States as the "excellent and sound bank" in the United States for several consecutive years, which has won a high reputation for the Chinese people overseas.
Huang Zhongyuan believes that since immigrants come to the United States, they should participate in the social development of the United States. Only in this way can the ethnic Chinese be respected and have the hope of development. Therefore, he not only rooted in the Chinese society, but also jumped out of the Chinese circle and widely participated in American social activities. He was elected as a Republican leader in a district of Southern California for three consecutive terms. As early as when Nixon was running for president, Huang Zhongyuan was a member of the campaign team. When Reagan ran for governor of California for the first time, he was in charge

Chinese PinYin : Huang Zhong Yuan