Dah Sing Banking Group Limited (DSBG) is a banking and financial company based in Hong Kong. It is listed on the Hong Kong Stock Exchange and headquartered in Wan Chai. The group operates three main banking subsidiaries—Dah Sing Bank, Banco Comercial de Macau, and Dah Sing Bank (China) Limited—with a network of around 70 branches across Hong Kong, Macau, and mainland China. Additionally, it manages a securities trading company.
Website | dahsing.com |
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Key Historical Developments
- 1947: Founded as Dah Sing Bank Limited (DSB).
- 1987: DSB acquired Hong Kong Industrial and Commercial Bank Limited and publicly listed Dah Sing Financial Holdings Limited (DSFH).
- 1990: Launched Dah Sing Life Assurance Co. Limited.
- 1993: DSFH acquired Wing On Bank Limited.
- 1994: Dah Sing Bank transferred 40% ownership of Hong Kong Industrial and Commercial Bank to China Construction Bank.
- 1997: DSFH partnered with Abbey National plc and Hambros Bank Limited to operate Wing On Bank as a private bank, renaming it DAHP.
- 1998: Dah Sing Bank sold an additional 30% interest in Jian Sing Bank to China Construction Bank.
- 2000: DSFH took over DAHP fully from Abbey and Hambros, making DAHP a subsidiary while integrating its private banking services into Dah Sing Bank.
- 2002: China Construction Bank acquired the remaining shares of Jian Sing Bank.
- 2004: Separate listing of Dah Sing Banking Group Limited.
- 2005: DSBG acquired Pacific Finance (HK) Limited, Banco Comercial de Macau, and most equity interests of BCM’s insurance subsidiaries.
- 2007: DSB acquired a 17% stake in the Bank of Chongqing (BOCQ).
- 2010: DSB integrated with MEVAS Bank (formerly DAHP).
- 2011: Founded OK Finance Limited.
- 2017: DSFH sold its life insurance businesses in Hong Kong and Macau to Tahoe Investment Group.
- 2019: Became the first bank in Hong Kong to offer full virtual loan applications.
- 2021: Opened the Queen’s Road East Branch.
Leadership and Structure
Parent Companies:
- Dah Sing Financial Holdings (founded in 1987): The ultimate parent, holding a majority share of DSBG and other financial assets.
- Dah Sing Banking Group (founded in 2004): Controls the three main banking entities.
Leadership:
- Chairman of Dah Sing Financial Holdings: David Wong Shou-yeh (since 1987)
- Chief Executive of Dah Sing Banking Group: Derek Wong Hon-hing (since 2017, second term)
Previous Leaders:
- Dah Sing Bank Chairmen:
- Yang Yuan-loong (1947–1957)
- Wong Shih-sing (1957–1983)
- David Wong Shou-yeh (since 1983)
- Dah Sing Bank 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)
The group continues to provide comprehensive financial services in Hong Kong, Macau, and mainland China through its branch network and subsidiaries.