Tai Sang Bank Limited
{{short description|Bank in Hong Kong (e. 1937)}}
{{Multiple issues|
{{primary sources|date=December 2020}}
{{notability|Companies|date=November 2020}}
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{{Use Hong Kong English|date=November 2020}}
{{Use dmy dates|date=November 2020}}
{{Infobox company
| name = Tai Sang Bank Limited
| logo =
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| image = 大生銀行 - panoramio.jpg
| image_size = 250px
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| image_caption = Tai Sang Bank Limited headquarters.
| native_name = 大生銀行有限公司
| native_name_lang = zh-HK
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| type = Bank
| traded_as =
| industry = Banking
| founded = {{start date and age|1937}}
| founder = Ma Kam Chan {{{zh|馬錦燦}}}
| hq_location = 130-132, Des Voeux Road Central
| hq_location_city = City of Victoria, Hong Kong
| key_people = Ma Ching Hang, Patrick Chairman
Cheung Yau Shing Chief Executive
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| net_income = {{HK$|10,620,000}} (2019){{cite web |last1=Ma |first1=Patrick Ching Hang |title=Tai Hang Bank Annual Report (2019) |url=https://vpr.hkma.gov.hk/statics/assets/doc/100037/ar_19/ar_19_eng.pdf |publisher=Hong Kong Monetary Authority |accessdate=21 November 2020}}
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| num_employees = <50
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| website = {{Official website|https://www.taisangbank.com.hk/en/}}
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Tai Sang Bank Limited is a licensed privately owned bank based in Hong Kong.{{cite web |last1=Authority |first1=Hong Kong Monetary |title=TAI SANG BANK LIMITED |url=https://vpr.hkma.gov.hk/eng/regulatory-resources/registers/register-of-ais-and-lros/info/100037 |publisher=Hong Kong Monetary Authority |accessdate=21 November 2020 |language=en}} 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.{{cite web |title=Tai Sang Bank Ltd - Board of Directors |url=http://www.taisangbank.com.hk/tsbeboard.htm |publisher=Tai Sang Bank |accessdate=20 November 2020}} Tai Sang Bank is a member of the Hong Kong Association of Banks.{{cite web |title=Member Banks |url=https://www.hkab.org.hk/DisplayMemberAction.do?sectionid=4&subsectionid=0&memberid=133 |publisher=The Hong Kong Association of Banks |accessdate=21 November 2020}}
Senior leadership
= List of chairmen =
- Ma Kam-chan (1937–1984)
- Ma Kam-ming (1984–2003)
- William Ma Ching-wai (2003–2019)
- Patrick Ma Ching-hang (since July 2019)
Network
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.{{cite news |last1=Yiu |first1=Enoch |title=A Hong Kong bank shows how it thrives without internet or an ATM |url=https://www.scmp.com/business/banking-finance/article/2157109/tai-sang-shows-how-octogenarian-single-branch-bank-can |accessdate=21 November 2020 |work=South China Morning Post |date=28 July 2018 |language=en}} The bank also has two safe deposit box offices in Quarry Bay and Whampoa, and lets non-customers use them.{{Cite web |title=Tai Sang Bank - Safe Deposit Box |url=https://www.taisangbank.com.hk/en/safe.php |access-date=30 December 2024 |website=Tai Sang Bank}}
US sanctions
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.{{cite news |title=高官可以幫襯大生銀行？ |url=https://hk.finance.yahoo.com/news/%E9%AB%98%E5%AE%98%E5%8F%AF%E4%BB%A5%E5%B9%AB%E8%A5%AF%E5%A4%A7%E7%94%9F%E9%8A%80%E8%A1%8C-062914314.html |access-date=21 December 2020 |department="中環街市" column|work=Yahoo! Finance Hong Kong edition|publisher=Yahoo! |date=13 August 2020 |language=zh-Hant-HK}}