Dah Sing Banking Group Limited is a Hong Kong-based banking and financial company, headquartered in Wan Chai. It has three main banking subsidiaries 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, the son of Mr. David Wong, joined as the Group Managing Director and Chief Executive of DSBG. 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. As at 31 December 2019, the group recorded the total asset as 243.4b HKD, total shareholders’ funds as 27.3b HKD, customers advances as 135.9b HKD and profit attributable to shareholders as 2.2b HKD.
History
1947: Establishment of Dah Sing Bank, Limited. 1987: DSB acquired Hong Kong Industrial and Commercial Bank Limited; Public listing of Dah Sing Financial Holdings Limited 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. 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. 1998: Dah Sing Bank sold an additional 30% shareholding interest at Jian Sing Bank to China Construction Bank. 2000: DSFH acquired ownerships of DAHP from Abbey and SG Hambros. DAHP became a subsidiary of DSFH while the private banking business, loans and deposits from DAHP were undertaken by Dah Sing Bank. 2002: China Construction Bank purchased the remaining equity interest of Jian Sing Bank from Dah Sing Bank. 2004: Separate listing of Dah Sing Banking Group Limited. 2005: DSBG completed the acquisition of 100% of Pacific Finance Limited, 100% of BCM Bank 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. 2010: DSB integrated with MEVAS Bank. 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.
