Dah Sing Bank
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Dah Sing Banking Group Limited (DSBG) is a Hong Kong–based banking and financial company, headquartered in Wan Chai. 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 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.<ref name="Carr 2012 p. 36">Template:Cite book</ref> David Shou-Yeh Wong was appointed as the chairman whilst Harold Tsu-Hing Wong (王祖興), the son of David Wong, joined as the group managing director and chief executive of DSBG.
History
Template:Prose 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 Wing On Bank Limited.
1994: Dah Sing Bank transferred its 40% ownership at Hong Kong Industrial and Commercial Bank to China Construction Bank.<ref name="ref2">Template:Cite book</ref>
1997: DSFH, Abbey National plc and Hambros Bank Limited went into a contract to jointly run the Wing On Bank Limited as a Hong Kong–based private bank and renamed it as DAHP.<ref name="ref2" />
1998: Dah Sing Bank sold an additional 30% shareholding interest at Jian Sing Bank (formerly known as Hong Kong Industrial and Commercial Bank) to China Construction Bank.<ref name="ref2" />
2000: DSFH acquired ownerships of DAHP from Abbey and SG Hambros (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.<ref name="ref3">Template:Cite book</ref>
2002: China Construction Bank purchased the remaining equity interest of Jian Sing Bank from Dah Sing Bank.<ref name="ref2" />
2004: Separate listing of Dah Sing Banking Group Limited.
2005: DSBG completed the acquisition of 100% of Pacific Finance (HK) Limited,<ref name="ref4">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref name="ref5">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> 100% of BCM Bank (Banco Comercial de Macau) and 96% equity interests in BCM’s general and life insurance subsidiaries from Banco Comercial Portugues.<ref name="ref6">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref name="ref7">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
2007: DSB completed the acquisition of a 17% total equity interest in the Bank of Chongqing (BOCQ).<ref name="ref8">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
2010: DSB integrated with MEVAS Bank (formerly known as DAHP).<ref name="ref9">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
2011: Establishment of OK Finance Limited.<ref name="ref10">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
2017: DSFH sold its entire shareholding interest in life insurance business in Hong Kong and Macau to Tahoe Investment Group Co. Limited.<ref name="ref11">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref name="ref12">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
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
Parent companies and leadership
Dah Sing Financial Holdings
Dah Sing Financial Group was founded on 22 April 1987, and 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.
List of chief executives
- Ronald Carstairs (1991–2001)
- Derek Wong Hon-hing (since 2002)
List of chairmen
- David Wong Shou-yeh (since 1987)
Dah Sing Banking Group
Dah Sing Banking Group was founded on 11 March 2004, and has three banking entities under it: Dah Sing Bank, Banco Comercial de Macau and Dah Sing Bank (China) Limited.
- Chairman: David Wong Shou-yeh (since 2004)
- Chief Executive: Derek Wong Hon-hing (since 2017); second term
List of chief executives
- Derek Wong Hon-hing (2004–2011)
- Harold Wong Tsu-hing (2011–2017)
- Derek Wong Hon-hing (since 2017); second term
List of chairmen
- David Wong Shou-yeh (since 2004)
Dah Sing Bank senior leadership
Dah Sing Bank was founded on 1 May 1947.
List of chairmen
- Yang Yuan-loong (1947–1957)
- Wong Shih-sing (1957–1983)
- David Wong Shou-yeh (since 1983)
List of chief executives
- Edward Cheung Ting-yat (1974–1986)
- John William Simpson (1986–1991)
- Ronald Carstairs (1991–2000)
- Derek Wong Hon-hing (2000–2011)
- Harold Wong Tsu-hing (since 2011)