Tai Sang Bank Limited is a licensed privately owned bank based in

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

. 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. Tai Sang Bank is a member of the Hong Kong Association of Banks.

Senior leadership

The bank is led by the chairman, and it has traditionally been a member of the majority-owner Ma family.

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. The bank also has two safe deposit box offices in Quarry Bay and Whampoa, and lets non-customers use them.

US sanctions

As the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

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 Nineteen or 19 may refer to: * 19 (number) * One of the years 19 BC, AD 19, 1919, 2019 Films * ''19'' (film), a 2001 Japanese film * ''Nineteen'' (1987 film), a 1987 science fiction film * '' 19-Nineteen'', a 2009 South Korean film * '' D ...

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.

References

{{Banks of Hong Kong Banks established in 1937 Banks of Hong Kong 1937 establishments in Hong Kong