Tai Sang Bank Limited is a licensed privately owned bank based in Hong Kong.[2] The bank was established by Ma Kam-chan, a businessman from Kwangtung (now Guangdong), in 1937 after his family migrated to Hong Kong. Ma went on to serve as the chairman of the bank until he died in 1984. The bank is currently chaired by Patrick Ma Ching Hang.[3] Tai Sang Bank is a member of the Hong Kong Association of Banks.[4]
The bank is led by the chairman, and it has traditionally been a member of the majority-owner Ma family.[3]
List of chairmenedit
Ma Kam-chan (1937–1984)
Ma Kam-ming (1984–2003)
William Ma Ching-wai (2003–2019)
Patrick Ma Ching-hang (since July 2019)
Networkedit
Tai Sang operates out of a single branch on Des Voeux Road Central (德輔道中) and does not offer any online banking or ATM services. The bank largely relies on small-scale transactions and a high degree of customer service, providing more flexible solutions than larger lenders. The bank's main clients are brokers and gold traders.[5]
US sanctionsedit
As the United States imposed sanctions on a number of Mainland and Hong Kong officials (under the Hong Kong Human Rights and Democracy Act and the Hong Kong Autonomy Act) in the wake of the 2019 protests and the imposition of the National Security Law many multinational banks were no longer able to offer their services to those named in the sanction lists. This has increased the appeal of banks, such as Tai Sang, which do not operate outside the territory and therefore are less vulnerable to legal action for violating the sanctions.[6]
Referencesedit
^Ma, Patrick Ching Hang. "Tai Hang Bank Annual Report (2019)" (PDF). Hong Kong Monetary Authority. Retrieved 21 November 2020.
^Authority, Hong Kong Monetary. "TAI SANG BANK LIMITED". Hong Kong Monetary Authority. Retrieved 21 November 2020.
^ ab"Tai Sang Bank Ltd - Board of Directors". Tai Sang Bank. Retrieved 20 November 2020.
^"Member Banks". The Hong Kong Association of Banks. Retrieved 21 November 2020.
^Yiu, Enoch (28 July 2018). "A Hong Kong bank shows how it thrives without internet or an ATM". South China Morning Post. Retrieved 21 November 2020.
^"高官可以幫襯大生銀行？". "中環街市" column. Yahoo! Finance Hong Kong edition (in Chinese). Yahoo!. 13 August 2020. Retrieved 21 December 2020.
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sang, bank, limited, this, article, multiple, issues, please, help, improve, discuss, these, issues, talk, page, learn, when, remove, these, template, messages, this, article, relies, excessively, references, primary, sources, please, improve, this, article, a. This article has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages This article relies excessively on references to primary sources Please improve this article by adding secondary or tertiary sources Find sources Tai Sang Bank Limited news newspapers books scholar JSTOR December 2020 Learn how and when to remove this template message The topic of this article may not meet Wikipedia s notability guidelines for companies and organizations Please help to demonstrate the notability of the topic by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond a mere trivial mention If notability cannot be shown the article is likely to be merged redirected or deleted Find sources Tai Sang Bank Limited news newspapers books scholar JSTOR November 2020 Learn how and when to remove this template message Learn how and when to remove this template message Tai Sang Bank Limited is a licensed privately owned bank based in Hong Kong 2 The bank was established by Ma Kam chan a businessman from Kwangtung now Guangdong in 1937 after his family migrated to Hong Kong Ma went on to serve as the chairman of the bank until he died in 1984 The bank is currently chaired by Patrick Ma Ching Hang 3 Tai Sang Bank is a member of the Hong Kong Association of Banks 4 Tai Sang Bank LimitedTai Sang Bank Limited headquarters Native name大生銀行有限公司TypeBankIndustryBankingFounded1937 86 years ago 1937 FounderMa Kam Chan 馬錦燦Headquarters130 132 Des Voeux Road Central City of Victoria Hong KongKey peopleMa Ching Hang Patrick ChairmanCheung Yau Shing Chief ExecutiveNet incomeHK 10 620 000 2019 1 Number of employees lt 50WebsiteOfficial website Contents 1 Senior leadership 1 1 List of chairmen 2 Network 3 US sanctions 4 ReferencesSenior leadership editThe bank is led by the chairman and it has traditionally been a member of the majority owner Ma family 3 List of chairmen edit Ma Kam chan 1937 1984 Ma Kam ming 1984 2003 William Ma Ching wai 2003 2019 Patrick Ma Ching hang since July 2019 Network editTai Sang operates out of a single branch on Des Voeux Road Central 德輔道中 and does not offer any online banking or ATM services The bank largely relies on small scale transactions and a high degree of customer service providing more flexible solutions than larger lenders The bank s main clients are brokers and gold traders 5 US sanctions editAs the United States imposed sanctions on a number of Mainland and Hong Kong officials under the Hong Kong Human Rights and Democracy Act and the Hong Kong Autonomy Act in the wake of the 2019 protests and the imposition of the National Security Law many multinational banks were no longer able to offer their services to those named in the sanction lists This has increased the appeal of banks such as Tai Sang which do not operate outside the territory and therefore are less vulnerable to legal action for violating the sanctions 6 References edit Ma Patrick Ching Hang Tai Hang Bank Annual Report 2019 PDF Hong Kong Monetary Authority Retrieved 21 November 2020 Authority Hong Kong Monetary TAI SANG BANK LIMITED Hong Kong Monetary Authority Retrieved 21 November 2020 a b Tai Sang Bank Ltd Board of Directors Tai Sang Bank Retrieved 20 November 2020 Member Banks The Hong Kong Association of Banks Retrieved 21 November 2020 Yiu Enoch 28 July 2018 A Hong Kong bank shows how it thrives without internet or an ATM South China Morning Post Retrieved 21 November 2020 高官可以幫襯大生銀行 中環街市 column Yahoo Finance Hong Kong edition in Chinese Yahoo 13 August 2020 Retrieved 21 December 2020 nbsp This article about a Hong Kong company is a stub You can help Wikipedia by expanding it vte nbsp This Asian bank related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Tai Sang Bank Limited amp oldid 1165192930, wikipedia, wiki, book, books, library,
