The HKMC was able to issue an impressive HK$1.63 billion of MBS in the fourth quarter of 1999 with two of its key business partners, namely Dao Heng Bank and American Express Bank.

一九九九年第四季，按揭证券公司与道亨银行和美国运通银行这两位主要业务伙伴发行合共16.3亿元的按揭证券。

youdao

Among the banks that Chau holds are Wing Hang Bank and Guoco, Dao Heng Bank's majority shareholder.

FORBES: One China, Many Choices

Likewise, small Hong Kong banks, such as Dao Heng, belong in a different group from such giants as HSBC Holdings.

FORBES: One ratio does not fit all

This year's merger between DBS Group Holdings of Singapore and the Dao Heng Bank of Hong Kong illustrates the high price outsiders are willing to pay for quick entry--3.2 times book.

FORBES: One China, Many Choices