Lim Peng Siang

Lim Peng Siang (Chinese: 林秉祥; pinyin: Lín Bǐngxíang; Pe̍h-ōe-jī: Lîm Péng-siông; also known as Lin Bengxian; 1872–1944)[1] was a businessperson in Singapore and Malaya.

Together with his brother Lim Peng Mau[2] (Lin Bingmao), he founded the Ho Hong Group of companies in 1904,[1] which had interests in banking,[3] shipping, parboiled rice, oil mills, cement, coconut and other businesses.

[6] Lim joined the firm of Wee Bin & Co., which was then under the management of his father, and eventually rose to its head before setting out to start the Ho Hong Group.

[citation needed] Lim founded the Chinese Commercial Bank in 1912 together with other members of the Singapore Hokkien business community.

[citation needed] In his later years, he was less active in public life, and declined the offer of a seat on the Legislative Council several times, in order to concentrate on his industrial work.

From time to time severe competition with other steamship lines reduced deck-passage rates to a ridiculously low figure and it also meant heavy loss to the firm: but this proved a boon to thousands of the labouring classes who were enabled to leave their homes in China and come to the Straits Settlements and the Netherlands East Indies to supply the labour market.During the Great War he proved his patriotism by working hard in helping to raise money for the various funds, besides himself liberally contributing to such funds.