The business of DBS Bank in Hong Kong, Macau and the Mainland is mainly composed of branches of the former Dao Heng Group. Established in 192 1, Dao Heng Bank, the flagship bank of Dao Heng Group, is a major Chinese bank in Hong Kong. Dao Heng Bank, one of the 33 constituent stocks of Hang Seng Index, has 70 branches in Hong Kong and is the third largest credit card issuer in Hong Kong. Its market share in Hong Kong is 5.7%, and it has opened a branch in Shenzhen. In terms of tier 1 capital, it ranks fourth in Hong Kong.