Dah Sing Bank Limited
Encyclopedia
Dah Sing Bank is a bank
based in Hong Kong
with around 70 branches in Hong Kong, Macau
and China
. It was established in 1947.
The bank is the major subsidiary of Dah Sing Banking Group Limited, which also owns MEVAS Bank
, Banco Comercial de Macau and Dah Sing Bank (China) Limited.
A majority share in Dah Sing Banking Group is the major asset of Dah Sing Financial Holdings Limited, which undertakes insurance business and was listed on the Hong Kong Stock Exchange
in 1987, and which is in turn held by the Dah Sing Group.
An early major shareholder in Dah Sing was Hsu Ta Tung
.
In 1986 Dah Sing Bank acquired Hong Kong Industrial and Commercial Bank Limited
and Wing On Bank Limited
and locally incorporated in mainland China in August 2008. The bank also has a 20 percent interest in Bank of Chongqing, which has around 80 branches in and around the city of Chongqing
.
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
based in Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
with around 70 branches in Hong Kong, Macau
Macau
Macau , also spelled Macao , is, along with Hong Kong, one of the two special administrative regions of the People's Republic of China...
and China
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
. It was established in 1947.
The bank is the major subsidiary of Dah Sing Banking Group Limited, which also owns MEVAS Bank
MEVAS Bank
MEVAS Bank is a bank based in Hong Kong. It is a wholly owned subsidiary of Dah Sing Financial Holdings Limited. It is formerly known as D.A.H. Private Bank Limited . In September 2000, Dah Sing Bank acquired the minority interests in D.A.H. Private Bank Limited...
, Banco Comercial de Macau and Dah Sing Bank (China) Limited.
A majority share in Dah Sing Banking Group is the major asset of Dah Sing Financial Holdings Limited, which undertakes insurance business and was listed on the Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
in 1987, and which is in turn held by the Dah Sing Group.
An early major shareholder in Dah Sing was Hsu Ta Tung
Hsu Ta Tung
Hsu Ta Tung , was a Chinese business magnate and the father of Daisy Hsu and Rita Fan.-Life:Hsu was born in Zhenhai County , Ningbo, Zhejiang Province. His father was a teacher at Chongzheng College , and he also graduated from this school.Hsu went to Shanghai and joined a bank as a clerk...
.
In 1986 Dah Sing Bank acquired Hong Kong Industrial and Commercial Bank Limited
Hong Kong Industrial and Commercial Bank
Industrial and Commercial Bank was a bank in Hong Kong. It was firstly established in 1917. Under the leadership of its general manager, Xue Xianzhou , after 1919, its business role was developed on operating money remittances of Overseas Chinese and its branches were extended to Guangzhou,...
and Wing On Bank Limited
Wing On Bank
The Wing On Bank was a bank in Hong Kong that collapsed in 1986. It was majority owned by Wing On Holdings, a listed vehicle 68.8% controlled by the Kwok family, including Kwok Lam-po.-History:...
and locally incorporated in mainland China in August 2008. The bank also has a 20 percent interest in Bank of Chongqing, which has around 80 branches in and around the city of Chongqing
Chongqing
Chongqing is a major city in Southwest China and one of the five national central cities of China. Administratively, it is one of the PRC's four direct-controlled municipalities , and the only such municipality in inland China.The municipality was created on 14 March 1997, succeeding the...
.