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 Tai Sang Bank Limited headquarters. | |
Native name | 大生銀行有限公司 |
|---|---|
| Company type | Bank |
| Industry | Banking |
| Founded | 1937; 88 years ago (1937) |
| Founder | Ma Kam ChanChinese:馬錦燦 |
| Headquarters | 130-132,Des Voeux Road Central, |
Key people | Ma Ching Hang, Patrick Chairman Cheung Yau Shing Chief Executive |
| HK$10,620,000 (2019)[1] | |
Number of employees | <50 |
| Website | Official website |
Tai Sang Bank Limited is a licensed privately owned bank based inHong 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]
Tai Sang operates out of a single banking office 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] The bank also has two safe deposit box offices in Quarry Bay and Whampoa, and lets non-customers use them.[6]
As theUnited States imposed sanctions on a number of Mainland and Hong Kong officials (under theHong Kong Human Rights and Democracy Act and theHong Kong Autonomy Act) in the wake of the2019 protests and the imposition of theNational 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.[7]
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