Tai Sang Bank Limited is a licensed privately-owned bank based in

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

. The bank was established by Ma Kam Chan, a businessman from Kwangtung (now Guangdong), in 1937 after his family migrated to Hong Kong. Ma went on to serve as the Chairman of the bank until he died in 1984. The bank is currently chaired by Patrick Ma Ching Hang. Tai Sang Bank is a member of the Hong Kong Association of Banks.

Senior leadership

The bank is led by the Chairman, and it has traditionally been a member of the majority-owner Ma family.

List of chairmen

# Ma Kam-chan (1937–1984) # Patrick Ma Ching-hang (since 1984)

Network

Tai Sang operates out of a single branch on Des Veoux Road Central (德輔道中) and does not offer any online banking or ATM services. The bank largely relies on small-scale transactions and a high degree of customer service, providing more flexible solutions than larger lenders. The bank's main clients are brokers and gold traders.

US sanctions

As the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

imposed sanctions on a number of Mainland and Hong Kong officials (under the

Hong Kong Human Rights and Democracy Act The Hong Kong Human Rights and Democracy Act of 2019 (HKHRDA)Naomi Xu ElegantThe U.S. Senate Passed 2 Bills Supporting Hong Kong Protesters. But They Might Do More Harm Than Good, ''Fortune'' (November 20, 2019). (; ) is a United States federal ...

and the

Hong Kong Autonomy Act The Hong Kong Autonomy Act is legislation passed by the United States Congress following the enactment in June 2020 by the Chinese Standing Committee of the National People's Congress of the Hong Kong national security law. The Act was signed ...

) in the wake of the 2019 protests and the imposition of the National Security Law many multinational banks were no longer able to offer their services to those named in the sanction lists. This has increased the appeal of banks, such as Tai Sang, which do not operate outside the territory and therefore are less vulnerable to legal action for violating the sanctions.

References

Banks established in 1937 Banks of Hong Kong 1937 establishments in Hong Kong {{Asia-bank-stub