香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部份內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 （根據公司條例於香港註冊成立之有限公司） （股份代號：440） 根據上市規則第 13.51B(2)條及第 13.51(2)(l)條 作出的董事資料更新 大新金融集團有限公司（「本公司」）根據香港聯合交易所有限公司（「聯交所」） 證券上市規則（「《上市規則》」）第 13.51B(2)條及第 13.51(2)(l)條發出本公告。 本公司董事會（「董事會」）接獲本公司獨立非執行董事梁君彥先生（「梁先生」） 之通知，香港高等法院於 2025 年 8 月 11 日向華南城控股有限公司（「華南城」） 頒布清盤命令（「清盤令」）。梁先生於 2009 年 9 月 4 日起擔任該公司之獨立非執 行董事。 根據公開資料，華南城為一間於香港註冊成立之有限公司，其股份在聯交所上市 （股份代號︰1668）。華南城及其附屬公司主要業務為在中國內地開發及經營大型綜 合物流及商品交易中心。有關華南城及清盤令的進一步資料，股東及投資者可參 ...

格隆汇8月6日丨大新金融(00440.HK)宣布，公司将于2025年8月20日（星期三）举行董事委员会会议， 处理（其中包括）批准刊发公司截至2025年6月30日止6个月的综合业绩公告，以及审议派发中期股息。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部份內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 香港，2025 年 8 月 6 日 於本公告日期，本公司董事會成員包括執行董事王守業先生（主席）、黃漢興先生（副主 席、董事總經理兼行政總裁）、王祖興先生（集團總經理）及王伯凌先生（副行政總裁）； 非執行董事畠中俊明先生（田下裕一先生為替任董事）；獨立非執行董事史習陶先生、梁君 彥先生、衛皓民先生、顏淑芬女士及朱永耀先生。 董事委員會會議日期 大新金融集團有限公司（「本公司」）宣布，本公司將於 2025 年 8 月 20 日（星期三） 舉行董事委員會會議，處理（其中包括）批准刊發本公司截至 2025 年 6 月 30 日止 6 個 月之綜合業績公告，以及審議派發中期股息。 承董事會命 大新金融集團有限公司 李宗榮 公司秘書 （根據公司條例於香港註冊成立之有限公司） （股份代號：440） ...

| 截至月份: | 2025年7月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 大新金融集團有限公司 | | | 呈交日期: | 2025年8月1日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00440 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 319,575,100 | | 0 | | 319,575,100 | | 增加 / 減少 (-) | | | | | | | ...

Economic Outlook - Daxin Financial forecasts Hong Kong's economy to grow by 2.4% this year, despite ongoing uncertainties from the US-China trade war [1] - The Hang Seng Index (HSI) is expected to challenge the 25,000-point mark in the second half of the year, with a support level around 20,800 points [1] Market Conditions - The valuation of Hong Kong stocks has returned to a more reasonable level, but volatility is anticipated due to unclear US-China trade prospects and the effectiveness of mainland economic stimulus measures [1] - High dividend yields, domestic consumption, and innovation and technology sectors are expected to have a positive outlook [1] Mainland China Economic Impact - Short-term growth in mainland China's exports is anticipated, as some companies shift exports to ASEAN and other regions, offsetting declines in exports to the US [1] - Mainland China's economy is projected to grow by 4.4% this year, supported by relaxed monetary policy and a commitment to more proactive fiscal policies [1] Real Estate Market - The significant drop in mortgage rates and gradual recovery in rental yields are expected to alleviate downward pressure on Hong Kong property prices [2] - However, potential oversupply in new residential properties and uncertainties from the trade war may lead to an estimated 5% decline in property prices for the entire year of 2025 [2]

Financial Performance - Profit attributable to shareholders reached HK$1,673 million in 2024, a rise of 5.1% compared to HK$1,592 million in 2023[7]. - Basic earnings per share increased to HK$5.25 in 2024, up from HK$4.99 in 2023, reflecting a growth of 5.2%[7]. - Total dividend distribution for 2024 was HK$669 million, compared to HK$637 million in 2023, marking a 5.0% increase[7]. - The Group's profit attributable to shareholders increased by 5% to HK$1,673 million, driven by higher net interest and non-interest income[60]. - Profit attributable to shareholders rose by 5.1% to HK$1,673.1 million in 2024, up from HK$1,592.1 million in 2023[74]. - Operating income rose by 17.2% to HK$6,934.9 million, driven by higher net interest income and improved asset yields[87]. - The Group's operating profit before credit impairment losses increased by 25.9% to HK$3,767.8 million in 2024, compared to HK$2,993.4 million in 2023[74]. Assets and Liabilities - Total assets decreased to HK$266,523 million in 2024 from HK$269,789 million in 2023, a decline of 1.0%[7]. - The total liabilities, including subordinated notes, were HK$223,325 million in 2024, down from HK$228,790 million in 2023, a decrease of 2.4%[7]. - The consolidated Common Equity Tier 1 ratio increased to 16.9% as of December 31, 2024, up from 16.2% at the end of 2023[96]. Deposits and Loans - Total deposits decreased to HK$204,894 million in 2024 from HK$208,963 million in 2023, a decline of 2.6%[7]. - Advances to customers (excluding trade bills) were HK$138,374 million in 2024, down from HK$143,049 million in 2023, a decrease of 3.7%[7]. - Customer deposits rose from HK$206,535 million in 2023 to HK$200,599 million in 2024, indicating a slight decrease of 2.0%[7]. - Loan growth was weak, with overall loan balances declining by 3% due to subdued demand in core markets[61]. - The total loan volume in Hong Kong dropped by approximately 3% year-on-year, with refinancing being the primary driver of loan demand[120]. Economic Environment - The economic growth in Hong Kong for 2024 is expected to be moderate, influenced by high interest rates affecting loan demand and consumer confidence[65]. - Hong Kong's economic growth slowed to 2.5% in 2024 from 3.2% in 2023, impacted by weak domestic demand[78]. - Geopolitical risks, including the Russia-Ukraine war and US-China trade conflicts, have dampened economic growth and reduced international trade activities[196]. Governance and Leadership - The company has a strong board with members holding significant experience in finance, banking, and regulatory affairs[27][28][29][31][32][33]. - The company is focused on maintaining high standards of governance and compliance through its independent directors[28][32]. - The leadership team is well-positioned to navigate market challenges and pursue growth opportunities in the banking industry[41]. - The company continues to strengthen its board with experienced professionals from diverse banking backgrounds, enhancing strategic decision-making capabilities[39][41]. Risk Management - The Group maintained a prudent approach to expense control and risk management amidst a high interest rate environment[54]. - Credit impairment charges surged by 145.0% year-on-year, primarily due to increased provisions for credit losses in the Mainland China property sector and Hong Kong commercial real estate[89]. - The Group employs Expected Credit Loss (ECL) models to assess impairment provisions, considering macroeconomic factors and risk characteristics[197]. - The Group's fraud risk management framework includes a dedicated team to improve fraud awareness and prevention in a rapidly changing market[200]. Insurance and Investment Operations - Insurance revenue increased by 19.3% to HK$1,154 million in 2024, up from HK$967 million in 2023[166]. - The Group's insurance operations faced risks from natural disasters, but the impact on financial position was immaterial due to prudent underwriting and reinsurance arrangements[199]. - The solvency ratio of Macau Insurance Company (MIC) was 919% in 2024, down from 1,288% in 2023[175]. - DSI achieved gross premium written (GPW) of HK$916 million, with a compound annual growth rate of over 10% from 2019 to 2024 and a year-on-year growth of 9%[186]. Digital Transformation and Customer Experience - Digital transactions surged by 42% year-on-year in 2024 due to enhancements in the "Next Best Action" AI solution and the launch of a streamlined identity verification service for SMEs[112]. - The bank continues to focus on enhancing digital solutions and improving customer experience through system upgrades and process changes[131][138]. - The bank's strategy includes gradually renovating and relocating branches to enhance customer service and digital experience, while transitioning to paperless operations[113].

Financial Performance - Net interest income for the year ended December 31, 2024, increased by 9.1% to HK$5,400,675,000 compared to HK$4,950,897,000 in 2023[4] - Service fee and commission income rose by 54.0% to HK$1,311,006,000 from HK$851,249,000 year-on-year[4] - Total operating income increased by 15.5% to HK$7,211,133,000, up from HK$6,243,413,000 in the previous year[4] - Profit before tax for the year was HK$2,546,899,000, reflecting an 8.1% increase from HK$2,355,769,000 in the prior year[4] - The annual profit attributable to shareholders was HK$1,673,119,000, a 5.1% increase from HK$1,592,095,000 in 2023[4] - Basic earnings per share rose to HK$5.25 from HK$4.99, while diluted earnings per share increased to HK$4.36 from HK$4.11[4] - The operating profit before credit impairment losses for 2024 was HKD 3,767,754, up from HKD 2,993,448 in 2023, reflecting a growth of approximately 25.8%[19] - The annual profit for 2024 was HKD 2,201,181, a rise from HKD 2,068,886 in 2023, which is an increase of approximately 6.4%[19] - The pre-tax profit for 2024 was HKD 2,546,899, up from HKD 2,355,769 in 2023, indicating a growth of about 8.1%[22] - The company’s net profit attributable to shareholders increased by 5% to HKD 1.673 billion in 2024, driven by higher net interest and non-interest income[58] Credit and Impairment - The company reported a credit impairment loss of HK$1,790,240,000, a significant increase of 144.7% compared to HK$731,509,000 in 2023[4] - Credit impairment losses for 2024 amounted to HKD 1,790,240, compared to HKD 731,509 in 2023, showing an increase of about 144.5%[19] - The credit impairment loans and advances represent 3.21% of total customer loans and advances, an increase from 1.94% in 2023[41] - The total impairment provisions for loans and advances increased to HKD 1,532,345,000 in 2024 from HKD 1,113,256,000 in 2023[41] - The company maintains a cautious approach to credit risk management, particularly in light of weak loan growth and high credit risk in the banking sector[62] Assets and Liabilities - Total assets as of December 31, 2024, were HK$266,523,315,000, a slight decrease from HK$269,788,561,000 in 2023[6] - Total liabilities decreased to HK$223,325,171,000 from HK$228,789,977,000 year-on-year[6] - Total assets as of December 31, 2024, amounted to HK$266,523,315, a slight decrease from HK$269,788,561 in 2023, reflecting a decline of approximately 1%[22] - The net amount of loans and advances after impairment provisions is HKD 136,841,940,000, down from HKD 141,936,220,000 in 2023[41] - The total amount of financial assets measured at fair value through profit or loss is HKD 1,999,039,000, an increase of 18.9% from HKD 1,680,710,000 in 2023[36] Dividends and Shareholder Returns - The company declared an interim dividend of HK$292,942,000, significantly higher than HK$114,659,000 in the previous year[4] - The board proposed a final dividend of HKD 1.18 per share for the fiscal year 2024, subject to shareholder approval[54] - The company announced a final dividend of HKD 1.18 per share, totaling HKD 668.761 million for the year, a 5% increase from HKD 2.00 in 2023[57] Operational Segments and Strategy - The group’s operational segments include personal banking, corporate banking, treasury and global markets, mainland China and Macau banking, insurance and investment, and other operations[18] - The company continues to focus on expanding its services in Hong Kong, Macau, and mainland China, with over 90% of external customer revenue generated from these regions[21] - The company continues to support local SMEs through new measures and has established a "three regions, four platforms" strategy to enhance cross-border financial services[61] Income Sources - The company reported a significant increase in non-interest income, which reached HKD 1,810,458 in 2024, up from HKD 1,292,516 in 2023, marking a growth of about 40.0%[19] - Net interest income rose by 9%, reflecting the impact of higher interest rates and effective management of funding costs, while net interest margin expanded by 16 basis points to 2.17%[58] - Total premium income increased to HKD 1,245,969 thousand in 2024, up from HKD 1,061,373 thousand in 2023, representing a growth of approximately 17.3%[50] - Net premium income rose to HKD 626,789 thousand in 2024, compared to HKD 553,329 thousand in 2023, reflecting an increase of about 13.3%[50] Market Conditions and Economic Outlook - The economic growth in Hong Kong for 2024 is projected at 2.5%, down from 3.2% in 2023, influenced by high interest rates and weak local demand[58] Regulatory and Reporting Standards - The group has adopted new and revised standards effective from January 1, 2024, which are not expected to have a significant impact on the consolidated financial statements[9] - The group is currently evaluating the specific impact of the new Hong Kong Financial Reporting Standard No. 18 on its consolidated financial statements, which will enhance comparability and provide more relevant information[13][14] Miscellaneous - The company held no trade bills overdue for more than three months as of December 31, 2024, and 2023[43] - The 2024 annual report will be published on the Hong Kong Stock Exchange and Dah Sing Bank's website by the end of April 2025[67] - The board of directors includes key executives such as the Chairman, Vice Chairman, and Group General Manager[68] - The company secretary is Li Zongrong, with the announcement dated March 31, 2025[69]

Financial Performance - Net interest income increased by 11.2% to HK$2,594,639, compared to HK$2,332,512 in 2023[6] - Net fee and commission income rose significantly by 61.2% to HK$594,753, up from HK$368,967 in the previous year[6] - Total operating income grew by 19.8% to HK$3,392,598, compared to HK$2,833,003 in 2023[6] - Operating profit before impairment losses increased by 40.8% to HK$1,769,951, up from HK$1,256,887 in 2023[6] - Profit for the period reached HK$1,470,192, representing a 21.8% increase from HK$1,206,845 in 2023[9] - Earnings per share increased, with basic earnings at HK$3.49 compared to HK$2.89 in 2023, and diluted earnings at HK$2.92 versus HK$2.74[6] - Total comprehensive income for the period, net of tax, was HK$2,092,884, up from HK$1,457,633 in 2023[9] - Other comprehensive income for the period, net of tax, amounted to HK$614,135, compared to HK$338,427 in the previous year[9] Asset and Liability Management - Total assets as of June 30, 2024, increased to HK$272,365,908, up from HK$269,788,561 as of December 31, 2023, representing a growth of approximately 0.6%[11] - Total liabilities increased to HK$229,967,035 from HK$228,789,977, marking a rise of about 0.5%[11] - Customer deposits rose to HK$207,664,546, compared to HK$206,535,360, reflecting an increase of approximately 0.5%[11] - Cash and balances with banks decreased to HK$13,403,439 from HK$16,925,694, a decline of about 20.8%[11] - The company’s financial assets at fair value through profit or loss totaled HK$1,460,615, compared to HK$1,680,710 in the previous period, indicating a decrease of approximately 13.1%[11] Credit and Impairment - Credit impairment losses surged by 243.4% to HK$543,863, compared to HK$158,386 in the previous year[6] - New credit impairment losses for the period were HK$582,258, significantly higher than HK$198,180 in 2023, reflecting a 194.5% increase[34] - Total impairment allowances increased to HK$1,180,190, up from HK$1,113,256, reflecting a rise of 6.0%[50] - Credit-impaired loans and advances as a percentage of total loans and advances to customers increased slightly to 1.96% from 1.94%[52] Cash Flow and Dividends - Cash flows from operating activities for the same period amounted to HK$2,919,591,000, compared to a net cash used of HK$1,622,156,000 in the previous year[17] - The company paid dividends of HK$522,681,000 on ordinary shares during the period, compared to HK$258,533,000 in the same period last year[17] - The company reported a net cash used in investing activities of HK$141,107,000, compared to HK$38,598,000 in the prior period[17] - The net cash used in financing activities was HK$2,865,323,000, significantly higher than HK$601,917,000 in the previous year[17] Risk Management - The Group focuses on managing various risks including credit risk, market risk, interest rate risk, liquidity risk, operational risk, reputation risk, and strategic risk[158] - The independent Group Risk function is responsible for establishing policies and monitoring the Group's risk positions, ensuring financial risks are considered in product planning and pricing[160] - The Group has established a Group Credit Committee responsible for approving major credit limits, with functional committees managing loan and treasury business risks[160] - The Group's risk management tools are continually improved to meet evolving business needs and regulatory requirements[160] Economic Outlook - Persistent high interest rates and geopolitical risks are expected to dampen borrowing and investment activities, leading to a slightly pessimistic overall outlook[165] - The credit quality management of the Group's portfolios remains challenged due to the credit deterioration of PRC property developers[165] - The Hong Kong GDP growth rate forecast for the base scenario as of June 30, 2024, is 2.4%, while the good scenario is 7.0%, and the bad scenario is -2.3%[169] Segment Performance - The Group's banking operations in Mainland China and Macau included personal and corporate banking services, reflecting a diversified revenue stream[119] - The insurance business segment generated significant revenue, contributing to the overall performance of the Group[119] - The Group's personal banking business includes services such as residential mortgage lending and credit card services, while corporate banking focuses on deposits and loans for commercial clients[116] Investment and Securities - The total value of trading securities and financial assets at fair value through profit or loss as of June 30, 2024, was HK$3,334,340,000, a decrease from HK$3,420,551,000 at the end of 2023[43] - The fair value of investment properties increased to HK$796,047,000 as of June 30, 2024, from HK$709,859,000 as of December 31, 2023, reflecting a revaluation process[72] - The total amount of gross loans and advances, net of impairment allowances, was HK$140,193,445, down from HK$141,936,220[51] Regulatory and Compliance - The Board of Directors has overall responsibility for risk management, including approving strategies and policies for managing credit and other risks[159] - The Group's internal auditors conduct regular reviews to ensure compliance with credit policies and regulatory guidelines[162] - The Group has implemented policies and processes for the approval and review of new products and activities, including details on loan grading and impairment policies[162]

Financial Performance - The net profit attributable to shareholders for the six months ended June 30, 2024, was HK$1,112,382, representing a 20.7% increase from HK$921,862 in the same period of 2023[3]. - Total operating income for the group reached HK$3,392,598, an increase of 19.8% compared to HK$2,833,003 in the previous year[3]. - Basic earnings per share for the period were HK$3.49, up from HK$2.89 in the previous year[3]. - The interim dividend declared was HK$294,009, significantly higher than HK$115,047 in the same period last year[3]. - The group reported a total comprehensive income of HK$2,092,884 for the period, compared to HK$1,457,633 in 2023, marking a substantial increase[4]. - The operating profit before impairment losses was HK$1,769,951, reflecting a 40.8% increase from HK$1,256,887 in 2023[3]. - The profit before tax for the first half of 2024 was HKD 1,658,124, reflecting a significant increase compared to the previous year[36]. - The profit before tax for the six months ended June 30, 2024, was HKD 1,658,124, compared to HKD 1,309,208 for the same period in 2023, indicating an increase of about 27%[38]. Income Sources - Net interest income increased to HK$2,594,639, up 11.2% from HK$2,332,512 in 2023[3]. - Service fee and commission income rose significantly to HK$711,602, a 50.4% increase from HK$472,779 in the prior year[3]. - The company reported a significant increase in securities investment income, which rose to HKD 2.18 billion from HKD 1.77 billion, an increase of 23.5%[9]. - Net trading income for the same period was HKD 99,924,000, significantly up from HKD 4,762,000 in 2023[12]. - Non-interest income surged by 77%, primarily driven by growth in net service fees, commissions, and trading income[43]. Assets and Liabilities - Total assets increased to HKD 272.37 billion as of June 30, 2024, compared to HKD 269.79 billion at the end of 2023, representing a growth of 0.65%[5]. - The total liabilities of the company stood at HKD 229.97 billion as of June 30, 2024, compared to HKD 228.79 billion at the end of 2023, indicating a marginal increase of 0.52%[5]. - The equity attributable to shareholders increased to HKD 33.89 billion from HKD 32.68 billion, reflecting a growth of 3.7%[5]. - The total amount of financial assets measured at fair value through profit or loss was HKD 3,334,340,000 as of June 30, 2024, down from HKD 3,420,551,000 in December 2023, a decrease of 2.5%[22]. - The total liabilities for insurance and reinsurance contracts were HKD 1,321,027,000 as of June 30, 2024, a decrease from HKD 1,367,305,000 at the end of 2023[32]. Credit and Impairment - The company’s net credit impairment losses for customer loans and advances were HKD 550,546,000, compared to HKD 220,825,000 in 2023, indicating a significant increase[16]. - The credit impairment losses for the first half of 2024 were HKD 543,863, compared to HKD 277,530 in the same period of the previous year, indicating an increase in credit losses[36]. - The total impairment provisions for loans and advances amounted to HKD 1,180,190,000 in 2024, compared to HKD 1,113,256,000 in 2023, indicating an increase of 6.0%[26]. - The credit impairment loans and advances accounted for 1.96% of total customer loans and advances in 2024, slightly up from 1.94% in 2023[26]. Operational Efficiency - The cost-to-income ratio improved to 48.5% for the six months ended June 30, 2024, down from 57.0% for the same period in 2023, indicating enhanced operational efficiency[39]. - The average return on total assets (annualized) increased to 1.1% for the six months ended June 30, 2024, compared to 0.9% for the same period in 2023[39]. - The net interest income to operating income ratio decreased to 77.2% for the six months ended June 30, 2024, from 84.3% for the same period in 2023, suggesting a shift in revenue composition[39]. Strategic Focus - The company is focused on expanding its services in Hong Kong, Macau, and China, enhancing its banking, insurance, and financial services offerings[6]. - The company is focusing on expanding its banking and insurance services in mainland China and Macau, aiming to enhance its market presence in these regions[35]. - The group anticipates potential economic rebound and improved credit conditions in the coming months, despite ongoing challenges in loan demand and credit costs[45]. - The group continues to focus on prudent risk management and operational efficiency amid economic uncertainties in the first half of 2024[42]. Employee and Shareholder Matters - Employee compensation and benefits expenses increased to HKD 1,125,443,000 in 2024 from HKD 1,068,664,000 in 2023, reflecting a rise of 5.3%[14]. - There were no significant changes in employee compensation, compensation policies, and training programs compared to the disclosures in the 2023 annual report[50]. - The board declared an interim dividend of HKD 0.92 per share, to be distributed on September 26, 2024[40]. - The company purchased a total of 160,000 shares at a total cost of HKD 3,508,935.16 during the six-month period ending June 30, 2024[49].

Financial Performance - Shareholders' funds increased to HK$32,682 million in 2023, up from HK$29,601 million in 2022, representing a growth of 6.99%[4] - Profit attributable to shareholders for 2023 was HK$1,592 million, a 30.1% increase from HK$1,224 million in 2022[4] - Basic earnings per share for 2023 was HK$5.28, up from HK$4.99 in 2022, reflecting a growth of 5.8%[5] - Total dividend distribution for 2023 reached HK$637 million, significantly higher than HK$364 million in 2022, indicating a growth of 75%[4] - The group's profit for the year increased by 30% to HK$1,592 million for the year ended December 31, 2023[46] - Operating profit before credit impairment losses decreased by 28% to HK$2,993.4 million, while excluding the one-off gain from 2022, it increased by 14%[50] - The Group's operating income decreased by 13.3% to HK$5,916.1 million, primarily due to one-off expenses related to the termination of a distribution agreement[64] - Operating profit after credit impairment losses was HK$2,261.9 million, a decrease of 26.5% compared to the previous year[56] - The cost-to-income ratio increased to 52.1% from 44.4%[56] - The Group's profit attributable to shareholders increased by 30.0% to HK$1,592 million in 2023[63] Asset and Liability Management - Total assets grew to HK$269,789 million in 2023, up from HK$259,159 million in 2022, representing a growth of 4.0%[6] - The bank's total liabilities, including subordinated notes, increased to HK$228,790 million in 2023 from HK$221,924 million in 2022, a rise of 3.9%[4] - The total assets increased by 4.1% to HK$269,789 million, while total liabilities rose by 3.1% to HK$228,790 million[59] - The consolidated Common Equity Tier 1 ratio increased to 16.2% in 2023, up from 15.2% at the end of 2022[70] - The liquidity maintenance ratio averaged 64.0% in 2023, significantly higher than the previous year's 50.4%[123] Customer Deposits and Advances - Total deposits rose to HK$208,963 million in 2023, compared to HK$202,804 million in 2022, marking an increase of 3.56%[4] - The number of customer deposits increased, with deposits from customers reaching HK$206,535 million in 2023, up from HK$198,575 million in 2022, a growth of 4.8%[4] - Advances to customers (excluding trade bills) amounted to HK$143,049 million in 2023, compared to HK$136,530 million in 2022, an increase of 4.4%[4] - Total credit card spending increased by 11% year-on-year in 2023, with credit card balances rising by 4.6% compared to the end of 2022[76] Strategic Initiatives and Partnerships - The group entered into a 15-year exclusive bancassurance partnership with Sun Life Group, effective from July 2023[45] - The establishment of the Shenzhen Branch aligns with the Greater Bay Area strategy, enhancing cross-border business opportunities[49] - Dah Sing Bank launched a 15-year exclusive bancassurance partnership with Sun Life Hong Kong Limited in July 2023, enhancing its wealth management offerings with a diverse range of life and medical protection products[75][80] - The company is focused on expanding its corporate banking services in Greater China and South Korea, leveraging the expertise of its directors[29] Risk Management and Compliance - The Company emphasizes the importance of risk management and quality assurance in its operations[23] - The Group adopted cautious credit management and investment strategies throughout the year in response to challenging market conditions and weak credit demand[121] - The Group established a fraud risk management framework to enhance fraud awareness and prevention amid changing market conditions[128] - The Group Compliance Committee is responsible for overseeing the development and maintenance of compliance systems to ensure adherence to statutory requirements and regulatory guidelines[198] Corporate Governance - The Company is focused on maintaining high standards of corporate governance and compliance through its independent directors[20][22] - The Board of Directors consists of 9 directors and 1 alternate director as of December 31, 2023, including executive directors and independent non-executive directors[144] - The Company has complied with all code provisions of the Corporate Governance Code, except for code provision F.2.2, as explained in the report[139] - The Board has delegated day-to-day management responsibilities to the Management while retaining oversight of key governance functions[143] - The Company has established a Board Governance Policy and Procedures, subject to annual review for effectiveness[139] Leadership and Management - Dah Sing Bank has a strong leadership team with extensive experience in banking and finance, enhancing its operational capabilities[34][35][38] - The leadership team is committed to fostering a culture of governance and ethical standards within the organization, drawing from their extensive backgrounds in financial services[24][25] - The Group's commitment to promoting its "Culture & Values" was evident through initiatives like the second "Culture Week" and the "Dah Sing Star Awards" for employee recognition[133] - Employee turnover improved significantly compared to 2022, despite intense competition for talent in the banking industry[135] Digital Transformation - The company continues to invest in digital solutions and upgrade its digital banking platform, DS-Direct, to enhance customer experience and service quality[87] - Digital transaction volume grew by 48% during the year[74] - The Group aims to enhance its internal control systems and procedures continuously[200] Insurance and Investment Operations - Insurance income for the group increased to HK$967 million in 2023 from HK$852 million in 2022[100] - The group's general insurance business achieved a pre-tax profit of HK$148 million in 2023, compared to HK$83 million in 2022[100] - The overall investment return for the general business was HK$558 million, aligning closely with market performance[109] - The pension management business reported a net profit growth of 80.6% year-on-year, attributed to higher interest income and a 9.6% increase in Pension Assets Under Management[119]