Dah Sing Banking Group Limited (DSBG) is a Hong Kong-based banking and financial company, headquartered in

Wan Chai Wan Chai is situated at the western part of the Wan Chai District on the northern shore of Hong Kong Island, in Hong Kong. Its other boundaries are Canal Road, Hong Kong, Canal Road to the east, Arsenal Street to the west and Bowen Road to th ...

. It has been listed on the Hong Kong Stock Exchange since 2004. It has three main banking subsidiaries (Dah Sing Bank,

Banco Comercial de Macau Banco may refer to: Places * Banc (Barcelona Metro), also called Banco, a closed metro stop on the Barcelona metro * Banco, Virginia, an unincorporated community * Banco, West Virginia, an unincorporated community * Banco National Park, a natio ...

and Dah Sing Bank (China) Limited) providing relevant services through a branch network of around 70 branches over Hong Kong, Macau and Mainland China, and a securities trading company. The group was established on 1 May 1947. Mr. David Shou-Yeh Wong was appointed as the chairman whilst Mr. Harold Tsu-Hing Wong (王祖興), the son of Mr. David Wong, joined as the group managing director and chief executive of DSBG.

History

1947: Establishment of Dah Sing Bank, Limited (DSB). 1987: DSB acquired Hong Kong Industrial and Commercial Bank Limited; Public listing of Dah Sing Financial Holdings Limited(DSFH) 1990: Establishment of Dah Sing Life Assurance Co. Limited. 1993: DSFH acquired

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Limited. 1994: Dah Sing Bank transferred its 40% ownership at Hong Kong Industrial and Commercial Bank to

China Construction Bank China Construction Bank Corporation (CCB) is one of the " big four" banks in China. In 2015, CCB was the 2nd largest bank in the world by market capitalization and 6th largest company in the world. The bank has approximately 13,629 domestic bra ...

. 1997: DSFH,

Abbey National plc An abbey is a type of monastery used by members of a religious order under the governance of an abbot or abbess. Abbeys provide a complex of buildings and land for religious activities, work, and housing of Christian monks and nuns. The conc ...

and

Hambros Bank Hambros Bank was a British bank based in London. The Hambros bank was a specialist in Anglo-Scandinavian business with expertise in trade finance and investment banking, and was the sole banker to the Scandinavian kingdoms for many years. The Bank ...

Limited went into a contract to jointly run the

Limited as a Hong Kong-based private bank and renamed it as DAHP. 1998: Dah Sing Bank sold an additional 30% shareholding interest at

Jian Sing Bank Industrial and Commercial Bank () was a bank in Hong Kong, established in 1917. Under the leadership of its general manager, Xue Xianzhou (), after 1919, its business was focused on operating money remittances of Overseas Chinese and its branc ...

(formerly known as Hong Kong Industrial and Commercial Bank) to China Construction Bank. 2000: DSFH acquired ownerships of DAHP from Abbey and

SG Hambros Hambros Bank was a British bank based in London. The Hambros bank was a specialist in Anglo-Scandinavian business with expertise in trade finance and investment banking, and was the sole banker to the Scandinavian kingdoms for many years. The Bank ...

(formerly known as Hambros Bank Limited). DAHP became a subsidiary of DSFH while the private banking business, loans and deposits from DAHP were undertaken by Dah Sing Bank. 2002:

purchased the remaining equity interest of

from Dah Sing Bank. 2004: Separate listing of Dah Sing Banking Group Limited. 2005: DSBG completed the acquisition of 100% of Pacific Finance (HK) Limited, 100% of BCM Bank (Banco Comercial de Macau) and 96% equity interests in BCM’s general and life insurance subsidiaries from Banco Comercial Portugues. 2007: DSB completed the acquisition of a 17% total equity interest in the Bank of Chongqing (BOCQ). 2010: DSB integrated with

MEVAS Bank MEVAS Bank () was a bank based in Hong Kong. It was established in April 2001 with a total investment of ¥300 million (US$). Within the first two weeks of its opening, over a thousand people signed up for their banking services. The bank marketed ...

(formerly known as DAHP). 2011: Establishment of OK Finance Limited. 2017: DSFH sold its entire shareholding interest in life insurance business in Hong Kong and Macau to Tahoe Investment Group Co. Limited. 2019: First bank in Hong Kong to offer full virtual loan application – no need for income proof and address proof 2021: Opened Queen's Road East Branch

Structure

Dah Sing Financial Group is the ultimate parent company, which owns a majority share of Dah Sing Financial Holdings, which in turn owns a majority share of Dah Sing Banking Group and other non-banking financial assets. Dah Sing Banking Group has three banking entities under it: Dah Sing Bank,

and Dah Sing Bank (China) Limited.

Senior leadership

Dah Sing Financial Holdings

''Dah Sing Financial Holdings was founded on 22 Apr 1987.'' * ''Chairman:'' David Wong Shou-yeh (since 1987) * ''Chief Executive:'' Derek Wong Hon-hing (since 2002)

List of Former Chief Executive's

# Ronald Carstairs (1991–2001)

Dah Sing Banking Group

''Dah Sing Banking Group was founded on 11 Mar 2004.'' * ''Chairman:'' David Wong Shou-yeh (since 2004) * ''Chief Executive:'' Derek Wong Hon-hing (since 2017); second term

List of Former Chief Executive's

# Derek Wong Hon-hing (2004–2011) # Harold Wong Tsu-hing (2011–2017)

Dah Sing Bank

''Dah Sing Bank was founded on 1 May 1947.'' * ''Chairman:'' David Wong Shou-yeh (since 1983) * ''Chief Executive:'' Harold Wong Tsu-hing (since 2011)

List of Former Chairmen

# Yang Yuan-loong (1947–1957) # Wong Shih-sing (1957–1983)

List of Former Chief Executive's

# Edward Cheung Ting-yat (1974–1986) #John William Simpson (1986–1991) #Ronald Carstairs (1991–2000) #Derek Wong Hon-hing (2000–2011)

References

External links

* {{Official, dahsing.com/ Companies listed on the Hong Kong Stock Exchange Banks established in 1947 Banks of Hong Kong 1947 establishments in Hong Kong Hong Kong brands

History

Structure

Senior leadership

Dah Sing Financial Holdings

List of Former Chief Executive's

Dah Sing Banking Group

List of Former Chief Executive's

Dah Sing Bank

List of Former Chairmen

List of Former Chief Executive's

See also

References

External links