Da Xin Financial Group (the "Group") is one of the leading financial services groups in Hong Kong, China. Its business covers banking, insurance, and other financial related services operating in Hong Kong, Macau, and mainland China. The Group has been based in Hong Kong for over 70 years and currently owns two listed companies, including Da Xin Financial Group Limited ("Da Xin Financial Group"; listing number: 440) listed in 1987 and Da Xin Bank Group Limited ("Da Xin Bank Group"; listing number: 2356) listed in 2004; Daxin Financial Group is also a major shareholder of Daxin Bank Group.
Dah Sing Bank Group operates three wholly-owned banking subsidiaries in the Greater Bay Area, including Dah Sing Bank Limited ("Dah Sing Bank"), Macau Commercial Bank, and Dah Sing Bank (China) Limited, with a total of approximately 60 branches in Hong Kong, Macau, and mainland China. Da Xin Bank Group also provides securities trading services through Da Xin Securities Limited. Moody's and Fitch Ratings have confirmed that Dah Sing Bank's long-term credit ratings are "A2" and "BBB+", respectively. In addition, Daxin Bank also holds approximately 15% strategic equity in Chongqing Bank. Chongqing is the largest city in western China, and Chongqing Bank is a major urban commercial bank with a business network of over 100 branches.