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CCB moves on HK through Dah Sing

CCB moves on HK through Dah Sing

(China) - China Construction Bank (CCB), a Mainland Big 4 state owned bank, has acquired the outstanding 30 percent of a Dah Sing lending unit for HK$105.2 million. In the slowest of China's Big 4 to make the move out, CCB already owned 70 percent of 3 branch Jian Sing Bank and relocated its FX dealing room our of Beijing into Hong Kong.

Dah Sing Financial is a small participant in Hong Kong's consumer lending and credit card business, although its parent is the seventh largest Hong Kong listed bank by assets (HK52.5 billion at June 30, 2001).

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