View source for Dah Sing Bank

{{short description|Hong Kong-based bank}}
{{Use dmy dates|date=October 2018}}
{{Use Hong Kong English|date=August 2019}}
{{Infobox company
| name = Dah Sing Bank Limited
| logo = DSB Image.jpg
| image = 
| image_caption = 
| type = [[public company|Public]]
| traded_as = {{ubl|{{sehk|2356}}|(as Dah Sing Banking Group Limited)}}
| foundation = {{Start date and years ago|df=yes|1947|05|01}}
| hq_location = Dah Sing Financial Centre, 248 Queen's Road East, Wan Chai
| hq_location_city = [[Hong Kong]]
| key_people = David Shou-Yeh Wong, Chairman <br /> Derek Hon-Hing Wong, CEO
| industry = [[Finance]]
| operating_income = {{decrease}} [[Hong Kong dollar|HKD]]5.4 billion (2019)<ref name=AR2019>[http://www.dahsing.com/en/pdf/aboutus/EW02356_AR_clean.pdf Dahsing Banking Group 2019 Annual Report]</ref>
| net_income = {{decrease}} [[Hong Kong dollar|HKD]]2.2 billion (2019)<ref name=AR2019/>
| assets = {{increase}} [[Hong Kong dollar|HKD]]243 billion (2019)<ref name=AR2019/>
| products = 
| website = {{URL|dahsing.com/}}
}}
{{Chinese
|t=大新銀行
|j=Daai6 san1 ngan4 hong4
|y=Daaih sān ngàhn hòhng
}}
[[File:QREBranch.jpg|thumb|Dah Sing Bank's branch in [[Queen's Road East|Queens' Road East]]]]
'''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">{{cite book |last=Carr |first=J. |title=Major Companies of The Far East and Australasia 1990/91: Volume 2: East Asia |publisher=Springer Netherlands |year=2012 |isbn=978-94-009-0807-9 |url=https://books.google.com/books?id=UFf-CAAAQBAJ&pg=PA36 |access-date=13 October 2018 |page=36}}</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 ==
{{Prose|section|date=March 2021}}
'''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">{{cite book |title=Dah Sing Bank Limited, "Global Offering" |date=2004 |url=https://www.dahsing.com/en/pdf/common/Prospectus_(English)(book).pdf}}</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">{{cite book |title=Dah Sing Financial Holdings Limited, "Review of Operations" |date=2000 |pages=22 |url=http://www.dahsing.com.hk/dsb/mis/doc/2000arpt_dsfh_06.pdf}}</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">{{cite web |title=HKEX, "Completion of the acquisition of the issued share capital of pacific finance (HK) Limited" |url=https://www1.hkexnews.hk/listedco/listconews/sehk/2005/1003/ltn20051003054.pdf}}</ref><ref name="ref5">{{cite web |title=HKEX, "Share purchase agreement with PFHK" |url=https://www1.hkexnews.hk/listedco/listconews/sehk/2005/0629/ltn20050629039.pdf}}</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">{{cite web |title=HKEX, "Share purchase agreement with BCP" |url=https://www1.hkexnews.hk/listedco/listconews/sehk/2005/0804/ltn20050804016.pdf}}</ref><ref name="ref7">{{cite web |title=HKEX, "Completion of the acquisition of the issued share capital of BCM and CSM and CSM VIDA" |url=https://www1.hkexnews.hk/listedco/listconews/sehk/2005/1220/ltn20051220059.pdf}}</ref>

'''2007''': DSB completed the acquisition of a 17% total equity interest in the Bank of Chongqing (BOCQ).<ref name="ref8">{{cite web |title=HKEX, "Acquisition of the issued share capital of Chongqing Commercial Bank" |url=https://www1.hkexnews.hk/listedco/listconews/sehk/2006/1222/ltn20061222042.pdf}}</ref>

'''2010''': DSB integrated with [[MEVAS Bank]] (formerly known as DAHP).<ref name="ref9">{{cite web |title=Dah Sing Banking Group, "Dah Sing Banking Group Retail Banking Business Integration" |url=https://www.dahsing.com/en/pdf/marcom/press101029_e.pdf}}</ref>

'''2011''': Establishment of OK Finance Limited.<ref name="ref10">{{cite web |title=OK Finance, "Personal Information Collection Statement" |url=https://www.okfinance.com.hk/html/statement.html}}</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">{{cite web |title=Dah Sing Financial Holdings, "Dah Sing Group announces agreement to sell life insurance subsidiaries and enter into new bancassurance arrangements" |url=https://www.dahsing.com/en/pdf/marcom/pressrelease160602e_2.pdf}}</ref><ref name="ref12">{{cite web |title=Dah Sing Banking Group, "Commencement of the Hong Kong distribution agreement, status of connected person relationship and revision of annual caps for certain existing continuing connected transactions" |url=https://www.dahsing.com/en/pdf/aboutus/e_2356_DSBG-Prime_Completion_and_CCT_Announcement(Final).pdf}}</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 Shou-Yeh Wong|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 Shou-Yeh Wong|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 Shou-Yeh Wong|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 Shou-Yeh Wong|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)

== See also ==
* [[List of banks in Hong Kong]]
{{Portal|Banks}}

== References ==
{{Reflist}}

== External links ==
{{Commons category|Dah Sing Bank Limited}}
* {{Official|dahsing.com/}}

{{Banks of Hong Kong}}
[[Category:Companies listed on the Hong Kong Stock Exchange]]
[[Category:Banks established in 1947]]
[[Category:Banks of Hong Kong]]
[[Category:1947 establishments in Hong Kong]]
[[Category:Hong Kong brands]]