The Collaborative International Dictionary of English v.0.48:

Hong \Hong\, n. [Chinese hang, Canton dialect hong, a mercantile
   house, factory.]
   A mercantile establishment or factory for foreign trade in
   China, as formerly at Canton; a succession of offices
   connected by a common passage and used for business or
   storage.
   [1913 Webster]

   Hong merchant, one of the few Chinese merchants who,
      previous to the treaty of 1842, formed a guild which had
      the exclusive privilege of trading with foreigners.
      [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Hong \Hong\, v. t. & i.
   To hang. [Obs.] --Chaucer.
   [1913 Webster]